Chint Electrics to buy 3.5 bn yuan in PV modules from related party

Zhejiang Chint Electrics will procure up to 3.5 billion yuan in photovoltaic modules from Chint New Energy Technology Co., Ltd. and its subsidiaries in 2026. This significant transaction, which constitutes a related-party procurement, requires approval from a shareholders' meeting. The company emphasized that this transaction adheres to market-based, fair, and voluntary principles, supporting its operational needs.

This module procurement is part of Chint Electrics' broader 2026 related-party transaction forecasts, which include various transactions with its controlling shareholder, Chint Group, and other related entities. In 2025, Chint Electrics projected related-party transactions totaling 902,850 yuan, including sales, purchases, and financial services. As of October 31, 2025, actual related-party transactions amounted to 489,076.51 yuan.

The company's board of directors, including independent directors, approved these forecasts, noting that the transactions are normal business activities conducted under fair and transparent market principles. The pricing policies for all related-party transactions are based on market fair value, with specific terms negotiated to ensure compliance and prevent harm to minority shareholders.