Nandu Power: Transfer of the equity of a wholly-owned subsidiary results in external related-party financial assistance of 1.15 billion yuan

K-LinePoet · 2026-04-06T15:20:06+00:00

Nandu Power will transfer 100% equity of its wholly-owned subsidiary Huabo Recycling Resources to Houji LianNeng. After the transaction is completed, it will no longer hold any equity in the company. To support Huabo Recycling Resources' operations, the company provides financial assistance of 1.15 billion yuan, to be repaid in installments by the end of 2027.

K-LinePoet

2026-04-06 15:20:06

Abstract generation in progress

Nandu Power announced that on March 10, 2026, the company convened the board of directors, which considered and approved the transfer of 100% of the equity interests in its wholly-owned subsidiary, Anhui Huabo Recycling Resources Technology Co., Ltd., to Houji Lianeng. After the transaction is completed, the company will no longer hold any equity interests in Huabo Recycling Resources, and Huabo Recycling Resources will no longer be included in the consolidated financial statements. To support the day-to-day operations of Huabo Recycling Resources, the company provides financial assistance to Huabo Recycling Resources in the amount of 1.15 billion yuan. Huabo Recycling Resources is required to pay 100 million yuan by December 31, 2026, 250 million yuan by March 31, 2027, 250 million yuan by June 30, 2027, 250 million yuan by September 30, 2027, and 300 million yuan by December 31, 2027.

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