NingXia YinXing Energy to fully acquire Tianjing Shenzhou Wind Power

NingXia YinXing Energy announced a cash acquisition of the remaining 50% equity stake in Ningxia Tianjing Shenzhou Wind Power Generation Co., Ltd. from Hanergy Sunlight New Energy Holdings (Beijing) Co., Ltd. for 2015.275万元. This transaction, approved by the board on December 18, 2025, will make Tianjing Shenzhou a wholly-owned subsidiary, expanding NingXia YinXing Energy's new energy installed capacity and enhancing profitability.

Concurrently, NingXia YinXing Energy will invest 6,240万元 to develop 21.567MWp of distributed photovoltaic power projects on rooftops and idle land owned by three subsidiaries of China Aluminum Group, its actual controller. These projects, managed under energy performance contracts, will ensure NingXia YinXing Energy receives energy efficiency benefits with an internal rate of return no less than 6.5%.

The acquisitions and investments aim to strengthen the company’s core business and support its long-term strategic goals without adverse impacts on financial status or independence. The board also approved 2024 performance assessments and organizational structure adjustments.