FilingReader Intelligence

CECEP Solar advances renewable portfolio with new project, option exercise

February 20, 2025 at 11:00 AM UTCBy FilingReader AI

CECEP Solar Energy (SZSE:000591) is expanding its footprint in renewable energy with a new 7.4MW distributed photovoltaic (PV) power generation complex project in Mudanjiang, with a planned investment of approximately ¥30.21 million. This investment will be undertaken by its subsidiary, CECEP Solar Technology Harbin, through its Mudanjiang branch. The project will be financed through a mix of capital and loans. In tandem with project developments, the company's 2020 stock option incentive plan has seen significant activity. The board approved the exercise of stock options for 117 eligible individuals, totaling 8,068,140 shares with an exercise price of ¥4.196 per share. Concurrently, the company will cancel unexercised options from terminated employees and those with expired terms, streamlining the incentive structure. These strategic moves aim to bolster CECEP Solar’s market position and contribute to a cleaner energy landscape.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000591Shenzhen Stock Exchange
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