Sichuan Guangan AAA Public (600979.SH) intends to acquire 90% of the equity of Qitai Hengtuo to expand its wind power generation business.

Sichuan Guangan AAA Public (600979.SH) announced that the company plans to acquire 90% equity of Qitai County Hengtuo New Energy Power Generation Co., Ltd. ("Qitai Hengtuo") at a price of 0 yuan. After the equity acquisition, Qitai Hengtuo's wholly-owned subsidiary, Qitai County Hengzhong New Energy Power Generation Co., Ltd. ("Qitai Hengzhong"), will continue to invest, construct, and operate the 400MW Henglian Qitai coal-fired power plant with flexible transformation supporting wind power projects. At the same time, the company and another shareholder, Ruineng Electric Power Co., Ltd. ("Ruineng Electric Power"), will jointly increase the capital of Qitai Hengtuo by 445 million yuan in cash according to their respective shareholding ratios, and assume the paid-in obligations of the original 5 million yuan registered capital. After the capital increase, Qitai Hengtuo's registered capital will change to 4.5 billion yuan. Additionally, Qitai Hengtuo will increase the capital of Qitai Hengzhong by 4.45 billion yuan in cash, changing Qitai Hengzhong's registered capital to 4.5 billion yuan. After the completion of this equity acquisition, Qitai Hengtuo will become a subsidiary controlled by the company and will be included in the company's consolidated financial statements. This move is aimed at expanding the wind power business, enlarging the scale of green energy industry, and promoting the transformation of comprehensive energy business.