Goldwind sets 2026 transaction quota with major shareholder

Xinjiang Goldwind Science & Technology approved its 2026 estimated quota for routine related-party transactions with China Three Gorges Renewables (Group) Co., Ltd. and its controlled subsidiaries (referred to as Three Gorges Renewables). The approval, with eight votes in favor and zero against, also received the endorsement of independent directors. The proposed sales transaction quota is CNY 603,081,000 for 2026, compared to CNY 51,880,000 for January-September 2025.

Three Gorges Renewables, a major shareholder holding 9.16% of Goldwind's A shares as of September 30, 2025, is considered a related party under stock exchange rules. The transactions, primarily involving the sale of wind turbine generator sets and components, will be conducted through bidding procedures or at market prices. Goldwind’s independent directors confirmed the pricing principles are fair, transparent, and do not harm the company's or non-related shareholders' interests. The company anticipates increased sales volume due to Three Gorges Renewables' expanding wind power development.

The board also approved the 2025 third-quarter report and the 2026 continuing connected transactions (H shares) exempt quota. These related-party transactions are considered normal business activities aligned with Goldwind’s operational needs and will not adversely affect its financial position or independent operations.