CGN POWER (01816) spends 9.38 billion yuan to acquire nuclear power assets in Huizhou and Zhanjiang.

CGN POWER (01816) announced that on August 27, 2025, the Board of Directors announced that the Board of Directors had reviewed and approved the resolution of the company (as the buyer) entering into a share transfer agreement with China General Nuclear Power Corporation (as the seller). According to the share transfer agreement, the company agreed to acquire and China General Nuclear Power Corporation agreed to sell 82% equity interest in the Huizhou Nuclear Power, 100% equity interest in Huizhou Second Nuclear Power, 100% equity interest in Huizhou Third Nuclear Power, and 100% equity interest in Zhanjiang Nuclear Power, with a total cash consideration of approximately RMB 9.38 billion. After the completion of the acquisition, the target company will become a subsidiary of the company, and its financial performance will be consolidated into the group's financial statements. The announcement stated that through this acquisition, the company's controlled operating, under construction, and reserve installed capacity will increase. For the company, expanding operational and construction capacity is not only an effective way to increase nuclear power generation and CKH HOLDINGS performance growth, but also an important way to enhance the company's market position and long-term competitiveness in the nuclear power industry. This acquisition is beneficial for quickly expanding the company's controlled operating, under construction, and potential installed capacity, realizing the strategic positioning as the sole platform for nuclear power generation under China General Nuclear Power Corporation, and further consolidating the company's leading position in the industry. In view of this, it is expected that the acquisition will increase the company's long-term value.