GCL New Energy Signs RMB7.12 Million Distributed Photovoltaic Project Contract

Reuters12-05
GCL New Energy Signs RMB7.12 Million Distributed Photovoltaic Project Contract

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.

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