Sichuan New Energy Power's controlling shareholder restructuring moves forward

Sichuan New Energy Power Co., Ltd. announced ongoing progress in its controlling shareholder's equity change. This change stems from Sichuan Energy Investment Group Co., Ltd. and Sichuan Investment Group Co., Ltd. merging to establish Sichuan Energy Development Group Co., Ltd.

Following this merger, Sichuan Energy Development Group will assume the shares directly and indirectly held by the former Nengtou Group, becoming the new controlling shareholder of Sichuan New Energy Power. The actual controller of the company remains the Sichuan Provincial State-owned Assets Supervision and Administration Commission.

The company previously issued several announcements regarding this strategic reorganization, detailing the planned merger and related equity changes.

As of the disclosure date, registration and transfer procedures for the shares directly held by Nengtou Group with China Securities Depository and Clearing Corporation Limited have not yet been completed, and related industrial and commercial change registration procedures are also pending. The company will continue to monitor progress and fulfill its information disclosure obligations.