An Hui Wenergy to spin off subsidiary for operational efficiency

An Hui Wenergy's board of directors approved the demerger of its 50%-owned subsidiary, Anhui Qianyingzi Power Generation Co., Ltd. (Qianyingzi Company), on November 6, 2025. This demerger will result in Qianyingzi Company continuing its operations while a new subsidiary, Anhui Qianyingzi (Second) Power Generation Co., Ltd., will be established. The new company will take over the second phase expansion project, including the 1x1000MW coal-fired power generation project.

Following the demerger, Qianyingzi Company's registered capital will be RMB 62,400.00, with An Hui Wenergy and Anhui Hengyuan Coal & Power Co., Ltd. each contributing RMB 31,200.00 for 50% ownership. The new company will have a registered capital of RMB 94,800.00, with both parent companies contributing RMB 47,400.00 for 50% ownership. The demerger is intended to optimize resource allocation and improve operational efficiency and is subject to approval from market supervision authorities.