On 10 February 2026, China Nuclear Energy Technology Corporation Limited (Stock Code: 611) announced that its indirect wholly-owned subsidiary, CNI (Nanjing) Energy Development Company Limited, entered into an equity transfer agreement to acquire the entire equity interest in Ningxia Tianping Boguang New Energy Co., Ltd. The total consideration stands at RMB80,382,640.20.

According to the announcement, Ningxia Tianping Boguang New Energy Co., Ltd. owns a shared energy storage power station with a capacity of 200MW/400MWh in Wuzhong City, Ningxia Hui Autonomous Region. This facility was fully connected to the grid in October 2024 and is in normal commercial operation. Upon completion, the target company will become a wholly-owned subsidiary of China Nuclear Energy Technology Corporation Limited, and its financial results will be consolidated into the Group’s accounts.

The terms of the transaction include multiple payment conditions, with settlement in four tranches and funding through the Group’s internal resources. The audited book value of the target company’s net assets as at 31 October 2025 was RMB80,382,640.20. The Board stated that the acquisition aligns with the Group’s strategy to expand its power generation and energy storage portfolio in key renewable energy regions.

Given that the highest applicable percentage ratio for the transaction exceeds 5% but is below 25%, this acquisition qualifies as a discloseable transaction under Chapter 14 of the Listing Rules, requiring notification and announcement. The Group’s main business focuses on new energy operations and engineering, procurement and construction services, with additional activities in power generation, financing, and corporate management.