Core Viewpoint - The company, Xiehe New Energy, announced the sale of 100% equity in three wholly-owned subsidiaries to Zhaoying Energy for approximately RMB 517.8 million, aimed at enhancing asset liquidity and optimizing capital structure [1] Group 1: Transaction Details - The sale involves three subsidiaries: Qujing Julong, Wuhua Juhe, and Anhui Taihe, all engaged in wind power project investment and operation in China [1] - The subsidiaries include a 300 MW wind farm and a 30 MW/60 MWh energy storage project in Qujing, a 50 MW wind farm in Bengbu, and a 51 MW wind farm project in Bozhou [1] Group 2: Strategic Rationale - The transfer of operational power plant assets to Zhaoying Energy opens pathways for asset securitization and value release, increasing the liquidity of the group’s assets [1] - The transaction is expected to accelerate asset turnover and capital recovery, while also helping to optimize the capital structure and reduce the debt-to-asset ratio [1] - The board of directors considers the overall sale a prudent business decision, with fair and reasonable terms that align with the interests of the company and all shareholders [1]