CGN Power to acquire four nuclear power companies from parent CGN Group

On August 27, 2025, CGN Power entered into an agreement with CGN Group to acquire stakes in Huizhou Nuclear Power (82% equity), Huizhou No. 2 Nuclear Power (100% equity), Huizhou No. 3 Nuclear Power (100% equity), and Zhanjiang Nuclear Power (100% equity). This is a connected transaction due to CGN Group being CGN Power's controlling shareholder. The acquisition has been approved by the fourth board of directors and awaits shareholder approval, with CGN Group abstaining from voting.

The financial data for the acquired companies as of June 30, 2025, shows total assets of CNY 4,522,132.38 for Huizhou Nuclear Power, CNY 973,320.66 for Huizhou No. 2 Nuclear Power, CNY 13,810.42 for Huizhou No. 3 Nuclear Power, and CNY 0 for Zhanjiang Nuclear Power. The financial statements for these entities have been audited by BDO China Shu Lun Pan Certified Public Accountants LLP.