ENERGY INTINV has entered into a new structural contract to maintain substantial control over value-added telecommunications services.

date
26/08/2025
avatar
GMT Eight
International Energy Investment (00353) issued a notice that in August 2025, foreign-owned enterprises received registration from natural persons.
ENERGY INTINV (00353) announces that in August 2025, a wholly foreign-owned enterprise received a request letter jointly issued by individual registered shareholders (Mr. Sun and Mr. Zhan), corporate registered shareholders (Shenzhen Green Joint Energy), and the operating company, requiring the foreign-owned enterprise to agree to transfer 70% of the shares currently registered in the name of individual registered shareholders to the corporate registered shareholders. With the agreement of the foreign-owned enterprise, the share transfer was carried out on August 25, 2025. On August 25, 2025, the corporate registered shareholders, individual registered shareholders, Long Guang, the foreign-owned enterprise, the operating company, and other relevant contracting parties entered into a new structural contract (except for changes in contracting parties and other corresponding and necessary changes, the terms and conditions are generally the same as the existing structural contract), granting the foreign-owned enterprise rights and powers equal to and/or no less than those under the existing structural contract, and completely replacing the existing structural contract. Replacing the existing structural contract with the new structural contract did not have any significant adverse impact on the group's operations or financial condition. Following the share transfer and the conclusion of the new structural contract, the foreign-owned enterprise will continue to enjoy 70% of the economic benefits generated by the operating company's group, and the financial performance of the operating company's group will continue to be accounted for using the equity method by the group.