Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-06 23:55Core Viewpoint - The company, State Power Investment Corporation Water Power Co., Ltd., has completed the acquisition of a 63% stake in Wuling Power Co., Ltd. from China Power International Development Co., Ltd. and a 37% stake from Hunan Xiangtou International Investment Co., Ltd., along with a 64.93% stake in Guangxi Changzhou Hydropower Development Co., Ltd. from Guangxi Company, with the transaction finalized and the assets transferred [1]. Group 1 - The transition period for the acquired assets is defined as from November 1, 2024, to October 31, 2025, with the assessment benchmark date set for October 31, 2024 [1]. - During the transition period, the profits generated from the assets evaluated using the income method will be retained by the company, and no payments are required to be made to China Power or Xiangtou International for any profits [2]. - Any losses incurred during the transition period for the income method evaluated assets will be borne by the respective parties based on their ownership percentages at the time the agreement became effective [2]. Group 2 - For the 64.93% stake in Changzhou Hydropower, any profits generated during the transition period will be enjoyed by the company, while losses will be covered by Guangxi Company in cash according to their shareholding ratio [3]. - The audit of the transition period profits and losses was conducted by Deloitte Touche Tohmatsu, confirming that no losses occurred for both Wuling Power and Changzhou Hydropower during this period, thus no compensation is required from the transaction parties [4].