SDIC Power to issue REITs, announces leadership changes

SDIC Power Holdings will issue an equity-based consolidated REITs product, aiming to raise up to 1.552 billion yuan. This initiative, utilizing photovoltaic assets from SDIC New Energy (Honghe) Co., Ltd., seeks to broaden financing channels, optimize capital structure, and invigorate existing assets. The product, with a three-year renewable term and a maturity tied to concession and equipment lifespans, will be listed on the Shanghai Stock Exchange.

In parallel with its financial restructuring, SDIC Power's board of directors has approved key personnel changes. Zhou Changxin has been appointed as company secretary and chief legal counsel (chief compliance officer), while Gao Peng will serve as deputy general manager. These appointments are effective immediately.

Former deputy general manager, company secretary, and chief legal counsel (chief compliance officer), Gao Hai, has resigned due to work adjustments. The company acknowledges his contributions and affirms that his departure will not disrupt daily operations or significantly impact business.