Core Viewpoint - The company plans to acquire 100% equity of Weixian Lufeng New Energy Co., Ltd. for 1 yuan from Zhangjiakou Lufeng New Energy Technology Co., Ltd. due to previous business cooperation and outstanding receivables issues [1] Group 1: Acquisition Details - The acquisition is initiated by the company's wholly-owned subsidiary, Shanghai Jiawei Photovoltaic Power Co., Ltd. [1] - The acquisition price is set at 1 yuan [1] - The acquisition is linked to a prior EPC contract worth 616 million yuan signed in March 2023 for a 100 MW photovoltaic power generation project [1] Group 2: Financial Context - The project under the EPC contract was completed and accepted by August 2024 [1] - As of the announcement date, Weixian Lufeng owes the company 194 million yuan in unpaid project funds [1]

Core Viewpoint - Beijing Energy International (00686) has signed an EPC contract for a solar power project in Yunnan, China, with a total planned capacity of 60 megawatts and a contract value of approximately RMB 148 million (including tax) [1] Group 1: Contract Details - The EPC contract was established between Baoneng Fengtai (a subsidiary of the company) and a consortium, with the aim of providing EPC services for the solar power project [1] - The project is located in Longling County, Baoshan, Yunnan Province, China [1] Group 2: Strategic Focus - The company is accelerating the expansion of its clean energy and renewable energy business, which is a key focus area [1] - The involvement of established companies like China Hydropower Sixth Engineering Bureau and China Power Construction Group Jilin Electric Power Survey and Design Institute indicates a strong foundation in solar power project development [1] Group 3: Policy Alignment and Business Growth - The EPC contract aligns with national policies for the development of large power bases, enabling the company to enhance its solar power project portfolio [1] - This initiative aims to diversify the company's clean energy mix and generate greater returns for shareholders [1]

Core Viewpoint - Beijing Energy International (00686) has signed an EPC contract for a solar power project in Yunnan Province, China, with a total planned capacity of 60 megawatts and a contract price of approximately RMB 148 million (including tax) [1] Group 1 - The EPC contract was established between Baoneng Fengtai (a subsidiary of the company) and a consortium, which will provide EPC services for the solar power project [1] - The company is accelerating the development of clean energy and expanding its renewable energy business, which is a key focus area [1] - The involved companies, China Hydroelectric Sixth Engineering Bureau and China Power Construction Group Jilin Electric Power Survey and Design Institute, are well-established with extensive experience in solar power project construction and development in China [1] Group 2 - The signing of the EPC contract aligns with national policies for the development of large-scale power bases [1] - The project aims to enhance the company's business scale in the renewable energy sector, particularly in solar power plants, and diversify its clean energy portfolio [1] - This initiative is expected to generate greater returns for shareholders [1]