Jiangsu Guoxin forecasts 2026 connected transactions, board changes

Jiangsu Guoxin Corp. has forecast routine connected transactions for 2026, with a total estimated value not exceeding RMB 12.75bn. These transactions involve various related parties, including Jiangsu Guoxin Group, Jiangsu Xin Neng, and Jiangsu Guoxin Natural Gas. The forecast, along with a proposed financial cooperation agreement with Jiangsu Guoxin Group Finance Co., Ltd. for 2026-2028, was approved by the board of directors on November 28, 2025, and will be submitted for shareholder approval.

In a separate announcement, the company also disclosed the upcoming election for its seventh board of directors, with the current board's term expiring on December 18, 2025. The board has nominated four non-independent and three independent director candidates. These elections will also be put to a vote at the extraordinary general meeting scheduled for December 18, 2025.

The forecasted connected transactions are intended to meet the company's daily operational needs, with pricing based on fair market principles to avoid undermining company or shareholder interests. These transactions are not expected to negatively impact the company's independence or its core business reliance on related parties.