Xinyi Group entities announce Jinzhai Wind Power equity transfer

On December 23, 2025, Xinyi Glass (Wuhu) and Xinyi Electric Storage Anhui Power conditionally agreed to sell, and Xinyi Energy (Fanchang) conditionally agreed to purchase, the entire equity interest in Jinzhai Wind Power. The transaction involves a wind farm in Jinzhai City, Anhui Province, with an approved power generating capacity of 64 MW.

The total consideration for the equity interest is RMB62.0 million. Xinyi Glass (Wuhu) will receive RMB50.8 million, and Xinyi Electric Storage Anhui Power will receive RMB11.2 million. The consideration will be paid in two installments, with RMB55.8 million payable upon completion and RMB6.2 million as a warranty payment upon fulfillment of specified conditions.

The transaction is classified as a connected transaction under Listing Rules for Xinyi Glass, Xinyi Energy, and Xinyi Solar, and under GEM Listing Rules for Xinyi Electric Storage. The transactions are subject to reporting and announcement requirements but are exempt from circular and independent shareholders' approval. Xinyi Glass expects to record a gain of RMB33.6 million, and Xinyi Electric Storage a gain of RMB8.8 million from the disposal.