Zhitong Finance App News, Longyuan Electric Power (00916) issued an announcement. The board of directors of the Company approved the signing of an “Equity Transfer Agreement” between the Company and the National Energy Group, which will be signed no later than November 30, 2026. The company conditionally agreed to acquire and the National Energy Group conditionally agreed to sell 49% of the shares in the target company Guangdong Guoneng Longyuan, at a consideration of RMB 186 million.

Prior to the completion of this transaction, as of the date of this announcement, the target company was a subsidiary company holding 51% of the Company's shares and included in the consolidated financial statements. After the transaction is completed, the target company will become a wholly-owned subsidiary of the Company.

This equity acquisition is an important step to optimize asset allocation and improve operational efficiency. After the acquisition is completed, Guangdong Guoneng Longyuan will become a wholly-owned subsidiary of the company, which can give full play to the advantages of listed companies' capital platforms, make full use of listed companies' capital, solve problems such as insufficient capital and financing restrictions, concentrate resources to increase the acquisition and development capabilities of Guangdong New Energy, and achieve an increase in the scale and efficiency of Guangdong New Energy.

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