Concord New Energy Group Limited (Hong Kong Stock Code: 182, Singapore Stock Code: SEG) entered into three disposal agreements on February 9, 2026, with joint venture entity Zhaoying Nenghe to sell 100% interests in three project companies. According to the announcement, the total consideration is approximately RMB517.80 million. The transaction qualifies as a discloseable transaction under Chapter 14 of the Listing Rules, requiring notification and publication.

The vendors—Yunnan Zhilong and Yongzhou Jiepai, both wholly-owned subsidiaries of Concord New Energy—signed Disposal Agreements A, B, and C. The consideration for each agreement is based on the projects’ unaudited net asset values as of June 30, 2025, business performance, and future prospects. Installment payments are scheduled to begin upon completion of industrial and commercial registration changes and continue through various milestones, with final payments expected by the end of December 2026.

The affected subsidiaries operate wind power plants (each ranging from 50MW to 300MW) and ancillary energy storage projects in Yunnan and Anhui provinces. Upon completion, these subsidiaries will cease to be part of Concord New Energy, generating a total estimated unaudited gain of approximately RMB77.54 million. Proceeds will be utilized for daily operations, including equipment purchases.

Management indicates that the disposal is intended to boost asset turnover and enhance the Group’s overall capital efficiency. Following completion, Concord New Energy anticipates an optimized capital structure and reduced gearing ratio, while retaining its focus on investment and operation of wind, solar, and energy storage projects.