ENN subsidiary launches green asset-backed program up to 4 bn yuan

ENN Natural Gas Co., Ltd. announced its controlled subsidiary, ENN (China) Gas Investment Co., Ltd., will issue an asset-backed special program. The Shenzhen Stock Exchange has issued a "no-objection letter" for the "ENN Neo-Energy 1-8 Phase Carbon Neutral and Green Asset-Backed Special Program."

The program has an overall shelf registration size not exceeding 4 billion yuan and will be issued in up to eight tranches. The first tranche is anticipated to be 608 million yuan. The underlying assets for the program consist of various distributed photovoltaic power generation and energy storage station projects held by ENN China Investment.

This initiative is expected to optimize financing structures, enhance the company's sustainable operational capabilities, and support overall business development. The company states it will not negatively impact normal production and operations or the interests of shareholders.