CHINA GREEN Electric (000537.SZ) establishes a subsidiary, CHINA GREEN Electric (Lingwu City) New Energy Optimization Company, to optimize the company's strategic layout.

CHINA GREEN Electric (000537.SZ) announced that the company has invested its own funds to establish "CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd." with a registered capital of 20 million yuan. On March 3, 2025, the company obtained the business license for CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd. The investment in CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd. aims to meet the requirements for obtaining new energy project construction quotas and subsequent professional management. This will help optimize the company's strategic layout, enhance the installed capacity of the company's new energy projects, and support the realization of the "Fourteenth Five-Year Plan" development goals. It is in line with the company's development strategy, will not have a negative impact on the company's financial situation, and is beneficial for safeguarding the interests of the company and all shareholders.