Zhongmin Energy: Intends to acquire 51% equity of Fujian Yongtai Mintou Pumped Storage Energy with 864 million yuan.

Zhongmin Energy announced that the third temporary meeting of the tenth board of directors of the company approved multiple proposals. It agreed to acquire 51% equity of Fujian Yongtai Mintou Pumped Storage Energy Co., Ltd. from the controlling shareholder, with a transaction price of 863.9315 million yuan. To meet the fund requirements for the acquisition, it plans to apply for a merger and acquisition loan not exceeding 605 million yuan from Xiamen International Bank, with a term not exceeding 10 years and an annual interest rate not exceeding 2.75%. Both proposals involve related party transactions, related directors abstained from voting, and still need to be submitted for approval at the first interim shareholders' meeting in 2026. In addition, the board of directors is scheduled to convene the shareholders' meeting on February 26th.