Xinjiang Tianfu Energy (SH:600509) Zheng Quan Zhi Xing·2025-08-11 16:26Core Viewpoint - The announcement details a supplementary agreement for a general contracting project between Xinjiang Tianfu Energy's subsidiary and Kuitun Huaneng Electric Power Construction Co., with a contract value of 51.736 million yuan to accommodate changes in project design [1][2]. Group 1: Transaction Overview - The project involves a 3GW photovoltaic project in Manas County, with the supplementary agreement amounting to 5.17361 million yuan due to changes in the original planned route [1][2]. - The total amount for the project, including the main contract and supplementary agreement, is 47.41546 million yuan, with Kuitun Huaneng responsible for 47.10546 million yuan and China Energy Construction Group responsible for 310 thousand yuan [2]. Group 2: Related Party Information - Kuitun Huaneng Electric Power Construction Co. is a limited liability company with a registered capital of 100 million yuan, primarily engaged in power facility installation and construction [3][4]. - As of June 30, 2025, Kuitun Huaneng reported total assets of 156.87354 million yuan and total liabilities of 123.54461 million yuan [4][5]. Group 3: Pricing Basis for Related Transactions - The supplementary agreement's amount is based on the price from the publicly tendered main contract, ensuring fairness and transparency in pricing [5][6]. Group 4: Impact on the Company - The supplementary agreement is expected to facilitate the smooth progress of the photovoltaic project, contributing to the company's energy structure optimization and sustainable development [5][6]. Group 5: Approval Procedures - The transaction was approved by the company's board of directors with a unanimous vote, and independent directors confirmed that the transaction adheres to fair and transparent principles, protecting the interests of shareholders [6][7].