CGN Power to issue A-share convertible bonds

CGN Power announced plans to issue A-share convertible corporate bonds to unspecified investors. Existing A-shareholders on record as of July 8, 2025, will have priority in the allocation. The remaining balance, including any portions relinquished by existing shareholders, will be offered through the Shenzhen Stock Exchange's trading system. The total issuance is valued at CNY 490,000,000.00, with each bond having a face value of CNY 100.00. Trading of the bonds will commence immediately upon listing, with proceeds directed towards capital financing. Existing shareholders who wish to participate in the priority allocation must ensure sufficient funds are available in their accounts on July 9, 2025. The issuance is underwritten by Huatai United Securities.