Announcement on the Launch of Real Estate Asset-Backed Special Plan (Inter-Institutional REITs) by Guangdong Shaoneng Group Co., Ltd.
Guangdong Shaoneng Group Co., Ltd. (hereinafter referred to as "the Company" or "Shaoneng Group") held the 41st temporary meeting of the 11th Board of Directors on June 2, 2026, where it reviewed and approved the proposal for the launch of the real estate asset-backed special plan (inter-institutional REITs). In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations for Main Board Listed Companies," and "the Company’s Articles of Association," this special plan does not constitute a related party transaction or a major asset restructuring. The relevant matters are hereby announced as follows:
I. Overview of the Transaction
(1) Background and Basic Situation
- The General Office of the State Council issued the "Opinions on Further Activating Existing Assets and Expanding Effective Investment" in 2022, proposing to effectively activate existing assets to form a virtuous cycle between existing assets and new investments, which is significant for enhancing infrastructure operation management and broadening social investment channels, and encourages the exploration of a multi-level infrastructure REITs market.
- In response to national policy calls and to effectively activate existing assets and enhance capital coordination capabilities, the Company plans to use its wholly-owned subsidiary, Shaoneng Group Shaoguan Baytou Hydropower Station Co., Ltd. (hereinafter referred to as "Baytou Company") as the project company, with the Baytou Hydropower Station located in Wantuo Village, Shili Pavilion Town, Zhenjiang District, Shaoguan City as the underlying asset, to initiate the application and issuance of the Ping An-Shaoneng Baytou Hydropower Clean Energy Green Real Estate Asset-Backed Special Plan (tentative name). At the same time, the Company will use its wholly-owned subsidiary, Chenxi Dazuo Hydropower Co., Ltd. (hereinafter referred to as "Dazuo Company") as the project company, with the Dazuo Hydropower Station located in Chenxi County, Huaihua City, Hunan Province as the underlying asset, to initiate the application and issuance of the Ping An-Shaoneng Dazuo Hydropower Clean Energy Green Real Estate Asset-Backed Special Plan (Rural Revitalization) (tentative name).
(2) Decision-Making Procedure
On June 2, 2026, the Company held the 41st temporary meeting of the 11th Board of Directors, where it reviewed and approved the proposal for the launch of the real estate asset-backed special plan (inter-institutional REITs). This proposal is subject to approval by the Company’s shareholders' meeting.