On January 28, 2026, the buyer, a wholly-owned subsidiary of BJ ENERGY INTL (00686) named Jingneng International (Gaoyou) New Energy Co., Ltd., has entered into an agreement to purchase a 70% equity stake in the target company, Yangzhou Tairun Low-Carbon Technology Development Co., Ltd., from the seller, Yangzhou Tairun Enterprise Operation Management Co., Ltd. The total consideration for the acquisition is approximately 248 million yuan (including tax).

The target company is primarily engaged in a range of energy-related activities, including power generation, transmission, and power supply (distribution), technical application services, solar power technology, and other energy-related services. The Board of Directors believes that this acquisition aligns with both national renewable energy objectives and the Group's own development strategy, thereby serving the overall interests of the company and its shareholders.

At the national level, the development of renewable energy, the advocacy for energy transition, and the establishment of a green, low-carbon energy system represent core breakthroughs in China's renewable energy era. This acquisition, and the corresponding acquisition of the target project, supports the national renewable energy vision and the objectives outlined in the "14th Five-Year Plan."

Furthermore, upon completion of the acquisition, the target project is expected to achieve a maximum installed capacity of approximately 294 megawatts. Geographically, it is situated close to the company's existing photovoltaic power generation project in Gaoyou City, Jiangsu Province, which is anticipated to generate significant synergies. These projects, all located within Jiangsu Province, can be managed more efficiently as a collective group, thereby enhancing their power generation capacity and overall profitability.