CN ANCHU ENERGY (02399) plans to acquire 100% equity of Wuzhong City Ruichu Technology Co., Ltd. for 64 million yuan.

CN ANCHU ENERGY (02399) announced that on January 26, 2026, the company plans to acquire 100% equity of Wuzhong Rui Chu Technology Co., Ltd. from Ningxia Jinxin Shenghui Energy Technology Co., Ltd. at a price of RMB 64 million (adjustable). It is reported that the target company is mainly engaged in the operation of an electrochemical energy storage power station project located in Tongxin County, Wuzhong City, in the central part of the Ningxia Hui Autonomous Region, China. The project consists of 20 modular energy storage units and 540 energy modules of 186 kW/372 kWh, using lithium-ion battery technology to achieve efficient charge and discharge cycles for flexible energy storage and release. The total installed capacity of the power station is approximately 100 MW/200 MWh, positioning it as a large-scale utility-grade energy storage facility that can support regional grid stability and renewable energy integration. The project is a large-scale utility-grade energy storage facility that can support regional grid stability and renewable energy integration, and can create stable income by providing peak shaving, load shifting services, frequency regulation, and ancillary services to the national grid. Given the stable operation and cash flow generation ability of the target company, the acquisition is in line with the strategic goal of diversifying the group's income sources, which can bring stable income and operating cash flow, promote sustainable long-term growth, and maximize shareholder value.