Ge Long Hui·2025-11-14 13:56Core Viewpoint - Longyuan Power (00916.HK) has signed a transfer agreement to sell its 30% stake in United Power to Guoneng New Energy for a nominal price of RMB 1, resulting in Guoneng New Energy acquiring a total of 60% of United Power's shares [1] Group 1 - The transfer agreement involves Longyuan Power and Guoneng Electric, with both parties agreeing to transfer their respective stakes in United Power [1] - Following the completion of the transfer, Longyuan Power will no longer hold any shares in United Power, which will cease to be an associate company of Longyuan Power [1] - The decision to transfer the shares was made after considering the operational and developmental situation, and the transfer will not have a significant impact on the company's current profits due to prior impairment of the investment in United Power [1] Group 2 - The transfer aims to eliminate potential risks associated with United Power, which has been operating at a loss for an extended period [1] - Longyuan Power has already written off its entire investment in United Power in 2023, indicating a complete divestment from the loss-making entity [1] - The consolidation scope of Longyuan Power's financial statements will remain unchanged after the transfer is completed [1]