Core Viewpoint - China Anshun Energy Group Limited (Hong Kong Stock: 02399.H.K) has completed the acquisition of a utility-scale electrochemical energy storage project in Ningxia, China, which is now operational and supports multiple revenue models, contributing to regional grid stability and laying the foundation for future scalable operations [1] Group 1 - The newly acquired energy storage project provides peak shaving, frequency regulation, and ancillary services, enhancing the operational capabilities of the regional power grid [1] - The importance of new energy storage is increasing in the context of global energy structure adjustments and the ongoing green low-carbon transition, as it enhances power system flexibility and ensures grid security [1] - During the 14th Five-Year Plan period, new energy storage is transitioning from a "supporting facility" to a "fundamental and strategic asset" in the resilience construction of power systems [1] Group 2 - China Anshun Energy is accelerating its global layout and cooperation in power and energy storage assets while advancing domestic project operations [2] - The company is preparing and evaluating investment cooperation for energy storage projects in regions including China, Norway, Dubai, and Southeast Asia, aiming to share long-term returns from high-quality overseas power assets while effectively controlling risks [2] - The management emphasizes prioritizing energy transition trends by selecting energy storage and power infrastructure assets with clear cash flow mechanisms and replicable operations, thereby enhancing project selection, operational management, and risk control capabilities [2]

Group 1 - The core point of the article is that China Anshun Energy (02399.HK) has entered into a share transfer agreement to acquire 100% equity of Wuzhong Ruichu Technology Co., Ltd. for RMB 64 million (approximately HKD 71.68 million), which can be adjusted [1] - The target company operates an electrochemical energy storage project in Ningxia Hui Autonomous Region with a capacity of approximately 100 MW/200 MWh, contributing to regional grid stability and renewable energy integration [1] - The acquisition aligns with the company's strategy to diversify revenue sources and is expected to generate stable income and operational cash flow, promoting sustainable long-term growth and maximizing shareholder value [1] Group 2 - Upon completion, the target company will become a wholly-owned subsidiary of the company, and its revenue and net profit will be consolidated into the company's financial statements [1] - The seller provides a guarantee arrangement in the share transfer agreement to protect the company in case the target company fails to meet performance targets [1]

Core Viewpoint - China Anshun Energy (02399) plans to acquire 100% equity of Wuzhong Ruichu Technology Co., Ltd. from Ningxia Jinxin Shenghui Energy Technology Co., Ltd. for RMB 64 million, which is subject to adjustment [1] Group 1: Acquisition Details - The target company operates an electrochemical energy storage power station project located in Tongxin County, Wuzhong City, Ningxia Hui Autonomous Region [1] - The project consists of 20 modular storage units and 540 energy modules with a capacity of 186 kW/372 kWh, utilizing lithium-ion battery technology for efficient charge and discharge cycles [1] - The total installed capacity of the power station is approximately 100 MW/200 MWh, designed as a large-scale utility-grade energy storage facility [1] Group 2: Strategic Implications - The project supports regional grid stability and renewable energy integration, providing peak shaving, frequency regulation, and ancillary services to the national grid, which can generate stable revenue [1] - The acquisition aligns with the company's strategy to diversify revenue sources, promising stable income and operational cash flow, thereby promoting sustainable long-term growth and maximizing shareholder value [1]

Core Viewpoint - China Anshun Energy (02399) plans to acquire 100% equity of Wuzhong Ruichu Technology Co., Ltd. from Ningxia Jinxin Shenghui Energy Technology Co., Ltd. for RMB 64 million, which is subject to adjustment [1] Group 1: Acquisition Details - The target company operates an electrochemical energy storage power station project located in Tongxin County, Wuzhong City, Ningxia Hui Autonomous Region [1] - The project consists of 20 modular storage units and 540 energy modules with a capacity of 186 kW/372 kWh, utilizing lithium-ion battery technology for efficient charge and discharge cycles [1] - The total installed capacity of the power station is approximately 100 MW/200 MWh, designed as a large-scale utility-grade energy storage facility [1] Group 2: Strategic Importance - The project supports regional grid stability and renewable energy integration, providing peak shaving, frequency regulation, and ancillary services to the national grid, which can generate stable revenue [1] - The acquisition aligns with the company's strategy to diversify revenue sources, promising stable income and operational cash flow, thereby promoting sustainable long-term growth and maximizing shareholder value [1]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或 任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA ANCHU ENERGY STORAGE GROUP LIMITED 中 國 安 儲 能 源 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2399） 有關收購目標公司100%股權的 須予披露交易 本公司的財務顧問 於2026年1月26日（ 交易時段後 ），本公司（ 作為買方 ）與賣方、目標公司及擔保人 訂 立 股 權 轉 讓 協 議 ， 據 此 ， 賣 方 同 意 出 售 而 買 方 同 意 以 代 價 人 民 幣 64,000,000 元 （ 相 當 於約 71,680,000 港元 ）（ 可 予 下調 ）收 購 股權 ， 即目 標 公 司全 部 註冊 及 繳足 股 本。 – 1 – 股權轉讓協議 股權轉讓協議之主要條款概述如下： 日期 2026年1月26日（ 交易時段後 ） 訂約方 收購事項 董 事 ...

Group 1 - The CEO and Executive Director of China Anshun Energy (02399), Guo Hanfeng, reduced his holdings by 300,000 shares at a price of HKD 0.708 per share, totaling approximately HKD 212,400 [1] - After the transaction, Guo's remaining shareholding is approximately 188 million shares, representing a holding percentage of 5.27% [1] - The transaction involves an associated party: Equal Plus Limited [1]

Group 1 - The CEO and Executive Director of China Anshun Energy (02399), Guo Hanfeng, reduced his holdings by 300,000 shares at a price of HKD 0.708 per share, totaling approximately HKD 212,400 [1] - After the transaction, the latest number of shares held by Guo Hanfeng is approximately 188 million, representing a holding percentage of 5.27% [1] - The transaction involves an associated party: Equal Plus Limited [1]

Core Viewpoint - China Anshun Energy (02399) has completed a subscription agreement, issuing 524 million shares at a subscription price of HKD 0.55 per share, representing approximately 14.68% of the company's expanded issued share capital as of the announcement date [1]. Group 1 - The subscription conditions were fulfilled on January 2, 2026, and the subscription was completed on January 6, 2026 [1]. - The company issued 524 million subscription shares to subscribers under the general authorization [1]. - The subscription price per share was set at HKD 0.55 [1].

Core Viewpoint - China Anshun Energy (02399.HK) has completed a subscription agreement, issuing 524 million shares at a price of HKD 0.55 per share, representing approximately 14.68% of the enlarged issued share capital of the company [1] Group 1 - The subscription conditions were fulfilled on January 2, 2026, and the subscription was completed on January 6, 2026 [1] - The total proceeds from the subscription amount to approximately HKD 288.4 million, with net proceeds of about HKD 288.2 million [1]

Core Viewpoint - China Anshun Energy (02399) has completed a subscription agreement, issuing 524 million shares at a subscription price of HKD 0.55 per share, representing approximately 14.68% of the company's enlarged issued share capital [1] Group 1 - The subscription conditions were fulfilled on January 2, 2026, and the issuance was completed on January 6, 2026 [1] - The shares were issued under a general mandate as per the terms of the subscription agreement [1]