CNE TECH CORP Cuts Price for Complete Take-over of Ningxia Tianping Boguang to RMB71.93 Million

Bulletin Express08-14

China Nuclear Energy Technology Corporation Limited (CNE TECH CORP) released a second supplemental announcement on 14 August 2026, confirming a downward revision of the consideration for acquiring 100% of Ningxia Tianping Boguang New Energy Co., Ltd.

The agreed purchase price has been reduced by 10.52%, from RMB80.38 million to RMB71.93 million. The revised payment structure under the Ningxia Share Purchase Agreement is now: • First instalment: RMB37.60 million (previously RMB42.60 million). • Second instalment: RMB12.50 million (previously RMB14.20 million). • Third instalment: RMB12.49 million (previously RMB14.25 million). • Final balance: RMB9.33 million, unchanged and payable within seven business days after fulfilment of the contractual post-completion conditions, including recovery of specified accounts receivable.

Management attributed the reduction to (1) heightened industry and market uncertainties, (2) the seller Ningxia Jiayang’s current operating and funding capacity, and (3) findings from an additional review of the target’s financials and construction status ahead of closing.

All other key terms of the share purchase agreement remain intact. The transaction continues to be classified as a discloseable transaction under Hong Kong listing rules.

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