China Nuclear Engineering lands contracts as major shareholder plans stake reduction

China Nuclear Engineering Corporation announced new contracts for nuclear power projects, with its subsidiaries signing agreements for the civil construction and installation of the nuclear island for Haiyang Nuclear Power Units 5 and 6. These agreements reflect ongoing developments in the company's core business.

Concurrently, China Cinda Asset Management, a major shareholder, plans to reduce its stake in China Nuclear Engineering Corporation. China Cinda, holding 10.26% of the total share capital, intends to divest up to 1% of the company's total share capital via centralized bidding between November 2025 and February 2026, citing company operating needs.

This planned divestment aligns with China Cinda's previous commitments and follows the expiry of the lock-up period for its IPO-obtained shares. The company assured that the planned reduction would not impact the company's governance structure, equity structure, or future sustained operations.