Concord new energy granted eligibility for Singapore secondary listing

Concord New Energy Group Limited announced it received an eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Limited (SGX-ST) on December 23, 2025, for its proposed secondary listing. This development follows previous announcements, including the initial proposal on February 27, 2025, the application submission on April 16, 2025, and a notice from the CSRC on December 12, 2025.

The company clarified that the proposed secondary listing will not involve the issuance of new shares or other fundraising activities. Its ordinary shares will maintain their primary listing and trading on The Stock Exchange of Hong Kong Limited. The ETL receipt does not indicate the merits of the proposed secondary listing, the group, or its shares.

The secondary listing remains subject to fulfilling conditions outlined in the ETL and prevailing market conditions, meaning there is no guarantee that the process will be completed. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities.