Securities Code: 002150
Securities Abbreviation: CCE Power
Announcement No.: 2026-036
Jiangsu CCE Power Co., Ltd.
Announcement on the Transfer of Equity in a Wholly-Owned Subsidiary
The Company and all members of its Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Jiangsu CCE Power Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Ninth Board of Directors on June 30, 2026, and deliberated and approved the "Proposal on the Transfer of Equity in a Wholly-Owned Subsidiary." The relevant matters are hereby announced as follows:
I. Overview of the Transaction
To fully mobilize the enthusiasm of the Company's metal products business management team and core employees, enhance team cohesion, promote common growth and sustainable development of employees and the Company, and further enhance the overall risk resistance of related businesses, the Company intends to transfer 30% of the equity of its wholly-owned subsidiary, Changshu Tongrun Equipment Development Co., Ltd. (hereinafter referred to as "Equipment Development" or the "Target Company"), to Changshu Yuntong Enterprise Management Co., Ltd. (hereinafter referred to as "Changshu Yuntong"). After negotiation among all parties, the transaction price is determined based on the appraised value of 100% of the equity of Equipment Development, which is RMB 765.60 million. The transaction price for the transfer of 30% of Equipment Development's equity is RMB 229.68 million. Due to the proposed cash dividend of RMB 42 million by the Target Company, the adjusted equity value is RMB 345.60 million. Based on this, the final transaction price for the equity is RMB 103.68 million. After the completion of this transaction, the Company will hold 70% of the equity in Equipment Development, and Equipment Development will remain a subsidiary within the Company's consolidated financial statements.
On June 30, 2026, the second meeting of the Ninth Board of Directors of the Company deliberated and approved the "Proposal on the Transfer of Equity in a Wholly-Owned Subsidiary." In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," the "Articles of Association of Jiangsu CCE Power Co., Ltd." (hereinafter referred to as the "Articles of Association"), and other relevant regulations, this equity transfer does not constitute a related-party transaction. This transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This matter is within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for deliberation.
II. Basic Information of the Counterparty to the Transaction
(I) Basic Information
| Company Name | Changshu Yuntong Enterprise Management Co., Ltd. |
|---|---|
| Unified Social Credit Code | 91320581MAKH6RUR7L |
| Enterprise Type | Limited Liability Company (Investment or Holding by Natural Persons) |
| Date of Establishment | June 29, 2026 |
| Registered Capital | RMB 15,000 million |
| Legal Representative | Liu Zhenjiang |
| Registered Address | No. 2, Jiajiazhuang, Daitang Town, Haiyu, Changshu City |
| Business Scope | General items: Enterprise management; investment activities with own capital; asset management services for investments with own capital (projects subject to approval according to law shall be approved by relevant departments before operating based on business license). |
| Relationship Disclosure | As of now, Changshu Yuntong has no related-party relationship with the Company. |
(II) Capital Contribution Information