GCL New Energy Holdings Ltd. announced that on 5 December 2025, its indirect wholly-owned subsidiary, Wuhan Xiexin, entered into PC Agreements for distributed photovoltaic projects with Zhejiang Xinhong, an indirect non wholly-owned subsidiary of GCL Energy Technology. The agreements cover a distributed solar power plant with a construction capacity of approximately 7.137 MW in Yangzhou High-tech Zone, Jiangsu Province, and another project with a construction capacity of 17.97 MW in Suzhou, Jiangsu Province. The total contract price for the Suzhou project is approximately RMB7.12 million (tax inclusive). The transactions constitute connected transactions under Chapter 14A of the Hong Kong Listing Rules and are subject to reporting, announcement, and annual review requirements, but are exempt from independent shareholders' approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GCL New Energy Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251205-11946614), on December 05, 2025, and is solely responsible for the information contained therein.
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