CONCORD NE (00182) plans to sell 100% equity of Cangzhou Julong for 65.3 million yuan.

CONCORD NE (00182) Announcement: on December 15, 2025, the company's several wholly-owned subsidiaries (namely, Yinwa Power and Cangzhou Julong) entered into a sale agreement with Shijirui Energy, with Yinwa Power selling 100% equity of Cangzhou Julong to Shijirui Energy for approximately RMB 65.3 million. Cangzhou Julong is mainly engaged in operating the 50MW CECEP Solar Energy generation project located in Cangzhou City, Hebei Province, China. The Group has adopted a "build-and-sell" strategy, under which the Group constructs power plants and sells part of the equity in the power plants upon completion or operation. The directors believe that the "build-and-sell" strategy will help the Group maximize its advantages, achieve a more attractive investment return, improve cash flow turnover, reduce debt ratio, and support the Group's stable and rapid development.