CGN Power's majority shareholder plans H-share increase

CGN Power Co. (HKEX:1816) announced that its controlling shareholder, China General Nuclear Power Corporation, plans to increase its holdings of the company's H shares. The share increase, to be executed through the Shenzhen-Hong Kong Stock Connect system, will not exceed 5% of the total issued H shares. As of April 8, 2025, CGN held 29,736,876,375 shares, representing approximately 58.89% of CGN Power's total share capital. The purpose is based on the recognition of the Company's value and the confidence in sustainable and stable development of the Company in the future. The increase is expected to occur within the next 12 months using CGN's self-owned funds. CGN has committed not to reduce its shareholding during this period.