Power Construction Corp. of China to approve extensive connected transactions, new appointments

Power Construction Corp. of China (SSE:601669) announced its 2026 recurring connected transactions, involving its controlling shareholder, Power Construction Corporation of China Group Co., Ltd. and its subsidiaries. These transactions encompass property leasing, trademark licensing, asset management, engineering services, product supply, and financial services. The total estimated value for these transactions in 2026 is RMB 4,205,929.30万元.

The board also approved a financial services framework agreement between Power Construction Corp. of China Group Co., Ltd. and Power Construction Corp. of China Group Finance Co., Ltd. The latter will provide deposit, loan, and other financial services to the former. The maximum daily deposit balance is estimated to be RMB 220亿元, and the maximum daily entrusted loan balance to Power Construction Corp. of China and its subsidiaries is RMB 15亿元.

Additionally, the board approved the appointment of Mr. Wang Xiaojun as general manager and a director candidate, and Mr. Jian Shangyou as assistant general manager. These appointments align with the company's operational needs and strategic direction. All related transaction proposals and appointments will be submitted for shareholder approval.