SPIC Capital Holdings wins CSRC approval for major restructuring

State Power Investment Corporation Group Capital Holdings Company Limited (SPIC Capital Holdings) announced it has received approval from the China Securities Regulatory Commission (CSRC) for its major asset restructuring. The company plans to acquire 100% of Guodian Investment Nuclear Energy Company Limited through an asset swap and share issuance, while divesting 100% of State Power Investment Corporation Group Capital Holdings Company Limited. Concurrently, SPIC Capital Holdings will raise supporting funds.

The CSRC's approval, issued on December 26, 2025, permits SPIC Capital Holdings to issue 7,578,062,467 shares to State Nuclear Power Technology Co., Ltd. and 4,411,647,740 shares to China Life Insurance Company Limited for asset acquisition. Additionally, the company is authorized to raise supporting funds not exceeding 500 crore.

This approval is valid for 12 months from its issuance date. SPIC Capital Holdings is required to adhere strictly to the submitted application documents, fulfill information disclosure obligations, and process the share issuance as per regulations.