China Nuclear Energy Expands Distributed Solar with Hefei Rooftop Lease

An update from China Nuclear Energy Technology Corporation Limited ( (HK:0611) ) is now available.

China Nuclear Energy Technology Corporation Limited has arranged for an indirect wholly owned subsidiary to lease rooftop space on five integrated cold chain logistics warehouses in Hefei, Anhui Province, from an indirect non-wholly owned unit of major shareholder Nanshan Holdings. The rooftop areas will be used to design, construct, install and operate solar photovoltaic power systems, supporting the group’s strategic expansion in new energy and distributed solar generation.

Under Hong Kong financial reporting rules, the rooftop lease will be recognised as a right-of-use asset of approximately RMB4.94 million, making it a connected transaction subject to reporting and announcement obligations but exempt from independent shareholder approval. The lessor will have priority access to the electricity generated and will pay a discounted tariff, with the expected annual electricity fees below HK$3 million, rendering the power purchase arrangement a fully exempt continuing connected transaction under the Listing Rules.

More about China Nuclear Energy Technology Corporation Limited

China Nuclear Energy Technology Corporation Limited is a Bermuda-incorporated company listed in Hong Kong that focuses on new energy infrastructure, including rooftop solar photovoltaic power generation projects. The group is expanding its presence in distributed solar power by deploying systems on commercial and industrial rooftops in mainland China, aligning with broader clean energy and decarbonisation policies.

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Technical Sentiment Signal: Buy

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