DATANG POWER (00991) plans to increase its investment in Datang Lsi Port by approximately 920 million yuan.
Datang Power Generation Co., Ltd. (00991) announced that on August 28, 2026, the company, Datang Jiangsu, Nantong Guotou, and Datang Lusi Port signed a capital increase agreement. According to this agreement, the company, Datang Jiangsu, and Nantong Guotou agreed to increase the registered capital of Datang Lusi Port in cash. Among them, based on their respective shareholding ratios in Datang Lusi Port and the funding requirements of the expansion project, it is tentatively set that the company will increase its capital by approximately 920 million yuan, Datang Jiangsu will increase its capital by approximately 585 million yuan, and Nantong Guotou will increase its capital by approximately 167 million yuan, with a total capital increase of approximately 1.672 billion yuan.
DATANG POWER (00991) announced that on August 28, 2026, the company, Datang Jiangsu, Nantong Guotou, and Datang Lsigang signed a capital increase agreement, under which the company, Datang Jiangsu, and Nantong Guotou agreed to inject cash to increase the registered capital of Datang Lsigang. According to their respective shareholdings in Datang Lsigang and the funding requirements of the expansion project, it is tentatively agreed that the company will increase its capital by approximately 920 million yuan, Datang Jiangsu will increase its capital by approximately 585 million yuan, and Nantong Guotou will increase its capital by approximately 167 million yuan, totaling an increase of about 1.672 billion yuan.
After the completion of this capital increase, the company's accumulated investment in Datang Lsigang will amount to approximately 1.593 billion yuan, maintaining a total shareholding ratio of 55%; Datang Jiangsu's accumulated investment in Datang Lsigang will amount to approximately 1.013 billion yuan, with a total shareholding ratio of 35%; and Nantong Guotou's accumulated investment in Datang Lsigang will amount to approximately 290 million yuan, holding a total shareholding ratio of 10%.
The announcement stated that this capital increase would bring new funds into Datang Lsigang, enhance its financial strength and financing capabilities, promote the smooth development of its expansion project, optimize the company's power structure adjustment, and align with the company's energy transition development direction. The expansion project is Datang Lsigang's 21 million kilowatt expansion project.
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