China Nuclear Energy Technology (00611-HK) purchases wind power equipment and other related businesses

Original title: China Nuclear Energy Technology (00611-HK) buys wind power generation equipment and other related business

　　China nuclear technology(00611-HK) announced that after the Exchange’s trading hours on November 13, 2020,the companyIndirect wholly ownedBranchesCNNC (Nanjing) as the buyer and its seller (CRRC(01766-HK) Holds CRRC Zhuzhou Electric Locomotive Research Institute, Jiangsu Shenshan Wind Power Equipment Manufacturing, Jiangsu Zhongcheng Fastening Technology DevelopmentActions(833988-CN)) entered into an equipment purchase agreement, under which China National Nuclear (Nanjing) agreed to purchase and each vendor conditionally agreed to sell the equipment.The total consideration under the agreement purchase of the equipment is 53,250,092 yuanRMB(Equivalent to approximately HK $ 62,494,240) Equipment includes wind power equipment, wind tower equipment, anchor equipment, support structures and moreProductAnd materials, which will be used for additional construction.

After the exchange’s trading hours of November 13, 2020, Suining Wind (as principal) and GCL Energy (ascontractor) Entered into a supplementary agreement, under which Suining Wind agreed to outsource GCL Energy and GCL Energy agreed to undertake (including) the additional construction. The total consideration under the supplemental contract is RMB 31,805,900 (equivalent to approximately HK $ 37,327,364).

The reasons and advantages of entering into the supplementary contract, the terms of the main construction contract are based on the aboveOpen offerThe terms are determined after the free competition negotiation between the interested parties. In September 2020, more wind energy projects were awardedlandRight of use, To build and install four additional sets of equipment in Liangji and Weiji cities, Jiangsu province, China. Therefore, the group commissioned GCL Energy to undertake further construction and entered into additional agreements in accordance with most of the terms of the main construction agreement.As mentioned in the previous section, the construction and engineering of the additional constructionworksIt is very important for the development of wind projects and will benefit the group.

(Source: Caihua News Agency)

(Responsible publisher: DF527)