CONCORD NE (00182) has announced that on February 9, 2026, several of its wholly-owned subsidiaries entered into three sale agreements with Zhaoyingnenghé, a joint venture of the company. The seller group will transfer 100% of the equity interest in the target group, which includes Qujing Julong, Wuhe Juhe, and Anhui Taihe, to Zhaoyingnenghé for a total consideration of approximately RMB 517.8 million. The target group consists of wholly-owned subsidiaries of the company primarily engaged in the investment and operation of wind power projects in China.

Target Group A operates a 300 MW wind farm and a supporting 30 MW/60 MWh energy storage project located in Qujing City, Yunnan Province. Target Group B manages a 50 MW wind farm in Bengbu City, Anhui Province. Target Group C is responsible for a 51 MW wind farm project in Bozhou City, Anhui Province.

The transfer of these operational power plant assets to Zhaoyingnenghé is expected to create a pathway for asset securitization and value realization. This move will enhance the liquidity of the group's assets, accelerate asset turnover and capital recovery, and contribute to optimizing the capital structure while reducing the debt-to-asset ratio. Overall, it aims to improve the efficiency of capital utilization.

After a prudent review of the group's business strategy and the operational framework of Zhaoyingnenghé, the board of directors considers the overall disposal to be a cautious commercial decision. The transaction terms are deemed fair and reasonable, aligning with the interests of the company and all its shareholders.