Power Construction Corp of China announces governance changes, capital utilization plans

Power Construction Corp of China will participate in its 2025 semi-annual collective performance briefing on September 4, 2025, from 10:00-11:00, via online text interaction on the Shanghai Stock Exchange Roadshow Center. Investors can submit questions from August 29 to September 3, 2025. The company will address investor concerns, highlighting its semi-annual operating results and financial condition, which reflect steady growth in contract signings and revenue, enhancing core competitiveness.

The company announced revisions to its Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules, including the abolition of the Supervisory Board, with its functions transferred to the Board of Directors' Audit and Risk Management Committee, effective upon shareholder approval. Additionally, the company provided a special report on the use of raised capital, detailing that as of June 30, 2025, it had utilized RMB 655,697,131.32 in the current period and RMB 7,281,328,657.14 cumulatively for fundraising projects.

Further, the company will use up to RMB 55.29 bn of idle raised funds to temporarily supplement working capital for up to 12 months, following approval by the Fourth Board of Directors' Eleventh Meeting and the Seventh Board of Supervisors' Seventh Meeting on July 21, 2025. This strategy aims to optimize capital efficiency and generate increased returns within the framework of robust internal controls.