Tianneng Power (00819) subsidiary intends to acquire 50.10% equity of Anhui Xinnas for RMB 150.3 million.

Zhitong Finance APP news, Tianneng Power (00819) announced that on October 30, 2026 (after trading hours), Tianneng New Materials (an indirect non-wholly-owned subsidiary of the Company), Tianchang Holdings and Anhui Xinnas entered into an equity transfer agreement, pursuant to which Tianneng New Materials has agreed to acquire and Tianchang Holdings has agreed to sell the target equity (equivalent to 50.10% of the registered capital of Anhui Xinnas), for a consideration of approximately RMB150.3 million, which will be paid by Tianchang Holdings subscribing for the newly increased registered capital of Tianneng New Materials.