Dongfang Electric controlling shareholder to increase stake in A shares

Dongfang Electric Corporation (HKEX: 1072) announced that its controlling shareholder, DEC Group, intends to increase its shareholdings in the company's A shares via centralized price bidding on the Shanghai Stock Exchange. This move, driven by confidence in Dongfang Electric's sustainable development, will see DEC Group invest between CNY100 million and CNY150 million from its own funds, spanning from April 11, 2025, to December 31, 2025. Prior to this announcement, DEC Group held 55.79% of Dongfang Electric's total share capital, consisting of 1,739,215,126 A shares. Notably, between December 8, 2023 and December 7, 2024, DEC Group already increased its holdings by 11,295,300 A shares, amounting to approximately CNY162 million. The company cautioned that the implementation of this plan is subject to capital market conditions and other unforeseen risks.