Nordic Aqua Partners seeks shareholder approval for strategic China investment

Nordic Aqua Partners AS announced an extraordinary general meeting (EGM) on October 22, 2025, to seek shareholder approval for a comprehensive financing package. This "Transaction" includes a substantial cash injection into Nordic Aqua (Ningbo) Co. Ltd from two Chinese state-owned entities, referred to as "New Investors." The New Investors will contribute RMB 300 million, acquiring a 20% ownership stake in Nordic Aqua (Ningbo) Co. Ltd, valuing the company at RMB 1.2 billion pre-money.

Up to €25 million of these net proceeds will be used to repay a project loan from Export Finance Norway, with the remainder retained as share capital. In conjunction with this cash injection, Nordic Aqua (Ningbo) Co. Ltd's articles of association will be amended to reflect the new ownership structure and increased share capital from €87,000,000 to €108,750,000. These amendments detail the capital contributions from Party A (Nordic Aqua Partners AS) and the New Investors, with Party A contributing €87 million and the New Investors contributing in equivalent RMB cash.

The EGM will also address changes to Nordic Aqua (Ningbo) Co. Ltd's investment limits, increasing them from $1,000,000 to €5 million per annum for investments not included in the approved business plan. Shareholders are encouraged to register their attendance or submit advance votes/proxies by October 20, 2025, 16:00 CEST, for the virtual meeting.