XINTE ENERGY (01799) announced that to further optimize its capital structure, activate existing assets, and enhance the asset turnover rate of the group, its subsidiary, Xinjiang New Energy, intends to apply for the issuance of the first phase of an asset-backed special plan. This plan will utilize two renewable energy generation projects as underlying assets within the shelf registered limit applied by TBEA (the company's controlling shareholder). The mentioned matter will be part of the asset-backed special plan for TBEA’s shelf issuance. According to the plan, TBEA intends to use energy infrastructure (including renewable energy generation projects) held by its subsidiaries (including the group) as underlying assets to apply for registration and shelf issuance of asset-backed securities on the Shanghai Stock Exchange. They plan to apply for a shelf limit of RMB 3 billion, allowing for the issuance of multiple products within this limit. Xinjiang New Energy is expected to sell part of its equity in subsidiaries Rongsheng Power and Xinyuan Power to the manager, with the sale price determined by the valuation of these subsidiaries and the shareholder loan amounts already provided by Xinjiang New Energy. The expected issuance scale for the first phase of the asset-backed special plan is anticipated to be no more than RMB 1.5 billion, intended for subscription by qualified professional investors.