Guang'an Aizhong (600979.SH) intends to acquire 90% equity of Qitai Hengtuo to expand its wind power generation business.

Intelligent Finance and Economics APP News, Guang'an Aizhong (600979.SH) announced that the company plans to acquire 90% of the equity of Qitai County Hengtuo New Energy Power Generation Co., Ltd. ("Qitai Hengtuo") at a price of 0 yuan. After the equity acquisition is completed, Qitai Hengtuo's wholly-owned subsidiary Qitai County Hengzhong New Energy Power Generation Co., Ltd. ("Qitai Hengzhong") will continue to invest, construct, and operate the 400MW Henglian Qitai coal-fired power plant flexibility transformation supporting wind power project; at the same time, the company and another shareholder Ruineng Power Limited (referred to as "Ruineng Power") jointly increase the capital of Qitai Hengtuo by 445 million yuan in cash according to the shareholding ratio, and take over the originally paid-in obligations of 5 million yuan in registered capital according to the shareholding ratio. After the capital increase, Qitai Hengtuo's registered capital will change to 4.50 billion yuan; at the same time, Qitai Hengtuo will increase the capital of Qitai Hengzhong by 4.45 billion yuan in cash, and after the increase in capital, Qitai Hengzhong's registered capital will change to 4.50 billion yuan. After the completion of this equity acquisition, Qitai Hengtuo will become a subsidiary controlled by the company and will be included in the company's consolidated financial statements. This initiative is aimed at expanding wind power business, increasing the scale of green energy industry, and promoting the transformation of comprehensive energy business.