Jiangsu Guoxin (002608.SZ) holding subsidiary Guoxin Yangdian plans to implement capital increase and share expansion to build Guoxin Yangdian Phase III project

According to the Zhitong Finance App, Jiangsu Guoxin (002608.SZ) announced that the Guoxin Yangzhou Power Generation Co., Ltd. (“Guoxin Yangzhou Power Generation”), the holding subsidiary of the company, has obtained project approval for the Guoxin Yangdian Phase III 2 x 1 million kilowatt expansion project in June 2025. Guoxin Yangdian plans to introduce two new shareholders. Each shareholder plans to use a private agreement to increase capital and expand shares of Guoxin Yangdian in the form of a non-proportional capital increase, and jointly fund the construction of the Guoxin Yangdian Phase III project.

Following negotiations, the shareholders plan to adopt a private agreement to increase Guoxin Yangdian's capital by 1.8 billion yuan according to the non-proportional capital increase and share expansion plan, including Jiangsu Guoxin's capital increase of 1,0675.5 billion yuan, Yangzijiang Cultural Tourism did not increase capital, Taizhou Taineng by 90 million yuan, Yangzhou Energy Group by 458.3 million yuan, and Yangzhou Green Investment Group by 1841.5 million yuan. After the capital increase was completed, the shares held by each party in Guoxin Yangdian were: Jiangsu Guoxin 75%, Yangzijiang Cultural Tourism 2.56%, Taizhou Taineng 5%, Yangzhou Energy Group 12.44%, and Yangzhou Green Investment Group 5%, respectively.