China Power International Development Limited (China Power) has launched a public tender on 16 July 2026 to sell its full 24.8726% equity stake in Shanghai Qiyuanxin Power Technology Co., Ltd. through the Shanghai United Assets and Equity Exchange (SUAEE).

The reserve price for the stake is fixed at RMB2.56 billion (approximately HK$2.94 billion), representing a premium of about 120% to Qiyuanxin Power’s net book value as of 30 November 2025. Qualified bidders must lodge a transaction deposit with SUAEE, and if multiple bids are received, the highest valid offer above the reserve price will prevail. The tender window remains open for 20 business days until 12 August 2026.

Qiyuanxin Power, incorporated in October 2020 with registered and paid-up capital of RMB441.82 million, focuses on building and operating heavy-duty electric vehicle battery charging, discharging and swapping stations, as well as related battery leasing and digital platform services.

China Power cites two key motives for the potential disposal: sharpening its strategic focus on its core clean-energy portfolio—including thermal, hydro, wind and photovoltaic assets—and crystallising value at an attractive premium. Proceeds are expected to reinforce the group’s capital structure and liquidity.

If completed, the transaction will cause Qiyuanxin Power to cease being an associate of China Power. Based on the reserve price, the sale would constitute a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules. No binding agreement has been signed, and the company cautions that the transaction may or may not proceed; shareholders and investors are advised to exercise caution when dealing in China Power’s shares.