China Suntien Green Energy (00956) announced that on August 27, 2025 (after trading hours), the company entered into a share subscription agreement with Hebei Construction & Investment Group. Under the agreement, the company has conditionally agreed to allot and issue, and Hebei Construction & Investment has conditionally agreed to subscribe for or designate its nominee to subscribe for 307 million new H shares at a subscription price of HK$4.93 per share, for a total cash consideration of HK$1.514 billion.

The subscription price of HK$4.93 per share represents a premium of approximately 16.55% over the closing price of HK$4.23 per share quoted on the Stock Exchange on the date of the share subscription agreement and the last trading day.

After considering the following factors, the board of directors believes that the H share issuance and fundraising under the share subscription agreement with Hebei Construction & Investment or its nominee is fair and reasonable, and in the overall interests of the company and shareholders: accelerating project development; optimizing capital structure, enhancing financial stability, and improving overall risk resistance capability; boosting market confidence and supporting high-quality development through full subscription by the controlling shareholder.

The gross proceeds from the share subscription will amount to HK$1.514 billion, while the net proceeds (after deducting issuance expenses and other related costs and fees) will be approximately HK$1.5 billion, with a net subscription price of approximately HK$4.89 per subscription share.

Approximately 80% of the net proceeds from the share subscription will be used for the construction of wind power projects and gas-fired power plant projects, while approximately 20% will be used to supplement working capital and other general purposes.