China Nuclear Construction: plans to raise no more than 4 billion yuan through a private placement to be used for nuclear power projects and repayment of bank loans.

China Nuclear Engineering Corporation announced that the company plans to issue shares to specific targets in 2026, with a maximum of 904 million shares to be issued, raising a total of no more than 4 billion yuan. The funds raised, after deducting issuance expenses, will be used for the first and second units of the nuclear island and supporting BOP civil engineering of the Jiangsu Xuxu Nuclear Power Plant Phase I project, as well as the civil and installation engineering of the first and second units of the Jinmen Nuclear Power Plant in Zhejiang, and repayment of bank loans. The issuance will target no more than 35 specific entities, using a competitive bidding method, with the pricing benchmark set on the first day of the issuance period, and the issuance price not lower than 80% of the average price of the previous 20 trading days. This issuance still requires approval from the State-owned Assets Supervision and Administration Commission, approval from the shareholders' meeting, approval from the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission.