Sichuan Chuantou Energy plans to increase capital by 505 million yuan to Zhong He Hui Neng to promote project construction.

Sichuan Chuantou Energy (600674.SH) announced that in order to promote project construction and ensure the capital requirements for project construction, the company plans to increase its capital by 505 million yuan to China Nuclear Huineng Co., Ltd. ("China Nuclear Huineng") in accordance with its shareholding ratio. China Nuclear Huineng is a holding subsidiary of China National Nuclear Power. It is reported that China Nuclear Huineng, as a specialized platform for the development, construction, and operation of non-nuclear clean energy industries of the China National Nuclear Power Group, primarily engages in new energy generation related businesses such as wind power and photovoltaic power, possessing strong industry competitive advantages and outstanding profitability. Increasing the capital of China Nuclear Huineng will help the company maintain high-quality development, and is of great significance for ensuring the necessary project construction funds, reducing project construction costs, and serving the long-term interests of shareholders. It will also help to improve the company's profitability and asset value appreciation capabilities.