CNNP subsidiary launches REITs, company establishes shared services unit

China National Nuclear Power Co., Ltd. (CNNP) announced a plan for its controlled subsidiary CNNC Huineng Co., Ltd. to issue equity-based consolidated REITs (Phase III), with an approximate scale of 2.536 bn yuan. This initiative, comprising five solar photovoltaic projects, aims to optimize asset liquidity and reduce the asset-liability ratio. CNNC Huineng will hold 20% of the limited partnership shares and manage project operations.

In a related development, CNNP is establishing "CNNC Nuclear Energy Shared Business Management Co., Ltd." (tentative name) as a wholly-owned subsidiary with an investment of 300 million yuan. This new entity will centralize procurement, financial, and legal compliance support for CNNP's operations, aligning with the company's strategy to deepen reform and enhance centralized management.

These strategic moves were approved during CNNP's board meeting on October 28, 2025. Additionally, the company is preparing for its Second Extraordinary General Meeting on November 14, 2025, to discuss a 2025 interim dividend, revisions to its Articles of Association, and amendments to its Related Party Transactions Management Measures.