Concord NE (00182) plans to invest 550 million yuan to participate in the establishment of a joint venture company.

CONCORD NE (00182) announced that after the trading session on December 3, 2025, Cohesion Capital Management (a wholly owned subsidiary of the company) and Yongzhou Jie Pai (a wholly owned subsidiary of the company) entered into a partnership agreement with Jiangsu Zhaoyin, Taikang Life Insurance, and Taikang Pension Insurance to establish a partnership enterprise. The total capital commitment of all partners is RMB 1.811 billion, with the group's capital commitment totaling RMB 550 million. The purpose of the partnership enterprise is to establish and operate the fund, to seek good investment returns for all partners through direct or indirect equity investments in and/or shareholder loans to the invested companies. The announcement stated that the establishment of the fund by the group will strongly promote deep cooperation with major insurance capital. The group will further leverage its deep experience and professional capabilities in the new energy field, providing investment opportunities and advice, as well as professional services such as asset management for the invested projects to diversify sources of income. Yongzhou Jie Pai, as a limited partner of the partnership enterprise, will have the opportunity to obtain a majority of the excess returns after the fund meets the capital contribution and minimum capital return distribution requirements for limited partners. Furthermore, the fund may also acquire renewable energy projects invested by the group in mainland China, which will expand the group's business model of "development-construction-sale-asset management" and enhance the efficiency of internal fund utilization in project asset turnover and fund circulation.