China Southern Power Grid unit halfway through share increase in energy storage

As of September 4, 2025, Southern Grid Capital Holdings Co., Ltd., a wholly-owned subsidiary of China Southern Power Grid, has increased its stake in Southern Grid Energy Storage. Southern Grid Capital acquired 17,837,500 A-shares via centralized bidding, representing 0.56% of the company's total share capital. The total value of these acquisitions reached 17,459.10万元, excluding transaction fees.

This progress marks the halfway point of the planned share increase, which began on April 9, 2025, and is scheduled to conclude by October 8, 2025. The initial plan outlined a total investment of no less than 2亿元 and no more than 4亿元. Southern Grid Capital will continue to execute the remaining part of the plan, utilizing its own funds.

The company reminds investors of potential risks, including changes in market conditions or unforeseen factors that could impact the successful completion of the plan as initially envisioned. China Southern Power Grid Energy Storage Company Limited will provide timely disclosure of any such developments.