Guodian Changyuan Electric Power adjusts projects, auditors, and transactions

Guodian Changyuan Electric Power has announced a series of strategic adjustments, including changes to the implementation entities for two fundraising projects: the Guodian Changyuan Suizhou Sui County 100MW New Energy Project and the Guodian Changyuan Jingzhou Jinan Town 100MW Fishery-Solar Photovoltaic Power Generation Project. These changes result from corporate restructuring and aim to optimize resource allocation. The company also announced the permanent replenishment of working capital with surplus funds of 34,077,700 yuan from the Hanchuan New Energy 1GW Photovoltaic Base Phase II Project, which saw its planned capacity reduced from 500MW to 237.6MW due to market and land constraints.

In other developments, the company has finalized the appointment of accounting firms for 2025. China Xinghua Certified Public Accountants has been re-appointed for financial auditing with a fee of 1,400,000 yuan, while Zhong Shen Ya Tai Certified Public Accountants has been appointed for internal control auditing at a fee of 370,000 yuan, replacing the previous firm. Additionally, the company forecasts a total of 10.37 bn yuan in related-party transactions for 2026, encompassing procurement, sales, and service agreements, alongside an estimated 4 bn yuan daily maximum for deposits and 2 bn yuan daily maximum for loans with China Energy Financial Co., Ltd.

These decisions are scheduled for deliberation and approval at the company's fourth interim shareholders' meeting in 2025.