SHANXI INSTALL (02520) plans to establish a joint venture company with Shanxi Sanjian and Huaneng Power for the Qingshui Pumped Storage Power Station project in Shanxi.

SHANXI INSTALL (02520) announced that on October 22, 2025, Shanxi Sanjian, Huaneng Power, and the company entered into a cooperation agreement to establish a joint venture company. Shanxi Sanjian, Huaneng Power, and the company will each contribute RMB 65 million, RMB 25 million, and RMB 10 million, respectively, representing 65%, 25%, and 10% of the registered capital of the joint venture company. The joint venture company will be established as the project company for the Shanxi Qinshui Pumped Storage Power Station project.