Funeng Shares (600483): Transferred 35% Equity Of Huian Quanhui With RMB 212 Million

Funeng shares (600483. SH) announced on the evening of November 5. On August 27, 2021, Funeng group and China Resources Electric Power Investment Co., Ltd. (hereinafter referred to as "China Resources Power") publicly transferred 100% equity of Huian Quanhui (hereinafter referred to as "the underlying assets") through Shanghai United Equity Exchange Co., Ltd., and the base price of listing was 605160700 yuan. The company formed a consortium with Sinochem Quanzhou Park Development Co., Ltd. (hereinafter referred to as "Sinochem Quanzhou") and Hui'an Xinggang Public Engineering Management Co., Ltd. (hereinafter referred to as "Huian Xinggang") to enter the site and delist the above shares, with the transferred share ratios of 35%, 60% and 5% respectively.

On November 5, 2021, the company signed the "property right transaction contract" with the above-mentioned parties, and transferred the underlying assets at the bottom price of listing, including: the company transferred 35% equity of Huian Quanhui with RMB 211806245.

Funeng group, the controlling shareholder of the company, holds 50% equity of Huian Quanhui. According to relevant regulations, this transaction constitutes a connected transaction. During the past 12 months, Fujian Hongshan Thermal Power Co., Ltd., a wholly-owned subsidiary of the company, purchased 49% equity of Shenhua Funeng Power Generation Co., Ltd. held by Funeng group with its own capital of 1.988 billion yuan; Fujian Funeng new energy Co., Ltd., a wholly-owned subsidiary of the company, purchased 60% equity of Funeng China Resources (Huian) wind power Co., Ltd. held by Huian Quanhui, a wholly-owned subsidiary of the company, with its own capital of 64 million yuan.