China Resources Power gains Shenzhen bourse nod for spin-off and A-share IPO of China Resources New Energy

Bulletin Express04-29 08:02

Hong Kong-listed China Resources Power Holdings Company Limited (China Resources Power) disclosed that the Listing Committee of the Shenzhen Stock Exchange Main Board approved the proposed A-share issuance and listing of its subsidiary, China Resources New Energy Holdings Company Limited, during the committee’s 18th review meeting on 28 April 2026.

The transaction forms part of a previously announced spin-off plan first detailed on 22 March 2023 and further outlined in the Company’s circular dated 21 June 2023. With the Shenzhen Stock Exchange’s approval in place, the proposed spin-off and listing now await registration consent from the China Securities Regulatory Commission and will depend on prevailing market conditions.

China Resources Power affirmed that it will continue to observe all applicable Hong Kong Listing Rules and release further updates as necessary. The Board urged shareholders and potential investors to exercise caution when trading the Company’s securities, emphasising that no assurance can be given regarding the timing of the spin-off and A-share listing.

As of 29 April 2026, the Board comprises four executive directors, three non-executive directors and seven independent non-executive directors, chaired by Mr. Shi Baofeng.

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