Xinte Energy announces equity transfer and capital injection agreements

Xinte Energy announced connected transactions involving equity transfers and capital injections concerning its non-wholly owned subsidiaries, Changji Prefecture Shengyu New Energy Power Generation Co., Ltd. and Changji Prefecture Shengding New Energy Power Generation Co., Ltd. Silicon New Material and Sunoasis will transfer their respective 12.50% equity interests in Shengyu and Shengding to Xinjiang Tianchi for a consideration of RMB46,745,600 and RMB24,100, respectively. Xinjiang Tianchi will inject approximately RMB209,721,800 into Shengyu and RMB387,924,000 into Shengding as new registered capital.