Xinte Energy (01799) subsidiary plans to apply for the issuance of asset-backed special plans.

XINTE ENERGY (01799) announced that, in order to further optimize its capital structure, activate existing assets, and improve the turnover rate of group assets, Xinjiang New Energy (a subsidiary of the company) intends to use its two new energy power generation projects as underlying assets to apply for the registration of the shelf quota within TBEA Co., Ltd. (the company's controlling shareholder) and issue the first phase of the asset-backed special plan. The above matters will be part of TBEA Co., Ltd.'s shelf issuance of asset-backed special plans. According to the plan, TBEA Co., Ltd. intends to use energy infrastructure (including new energy power generation projects) held by its subsidiaries (including the group) as underlying assets, apply for registration and shelf issuance of asset-backed securities on the Shanghai Stock Exchange, apply for a shelf quota of RMB 3 billion, and may issue multiple products within the quota. Xinjiang New Energy intends to sell part of the equity of its subsidiaries, Rongsheng Power and Xinyuan Power, to the manager. The price for the sale of such equity of the subsidiaries to the manager will be determined based on the assessment value of the subsidiaries and the shareholder loans provided by Xinjiang New Energy. It is currently expected that the initial issuance size of the asset-backed special plan will not exceed RMB 1.5 billion, available for subscription by eligible professional investors.