Zhonghuan New Energy (01735) received a controlling shareholder to increase its holdings and consolidate long-term value through multiple strategic layouts

Zhitong Finance App learned that Central Culture Resource Group Limited (Central Culture Resource Group Limited) (controlling shareholder), which is controlled by Mr. Yu Zhuyun, Chairman of Central New Energy (01735), purchased a total of 577,000 shares of the company from the open market at an average purchase price of HK$8.606 per share on November 28 and December 1, 2025.

According to people familiar with the matter, the controlling shareholder does not rule out the possibility of further purchasing the company's shares in the market.

Chairman Yu Zhuyun's move demonstrated his firm confidence in the company's future development prospects. Under his leadership, Zhonghuan New Energy continues to deeply cultivate the main photovoltaic industry, actively expand core technologies in the fields of optical storage and charging, BC, hydroaminol, perovskite, AI computing power, etc., focus on application-side innovation and expansion, build a closed loop of zero-carbon industry ecology, break through technical bottlenecks, reduce electricity costs, and build a zero-carbon industrial cluster.

Recently, Zhonghuan New Energy has continuously made key breakthroughs in global layout and strategic cooperation, and successfully introduced major overseas strategic investments. On November 15, the company announced that it has reached a global strategic cooperation with the Hemingway Family Fund of the United States. Entities under the fund will act as industrial investors, hold no more than 20% of the company's shares for a long time and become strategic cornerstone investors. The Hemingway family will help the company obtain orders from markets in Africa, the Middle East, Eastern Europe, etc., and accelerate overseas localization.

From November 27 to 29, Zhonghuan New Energy successfully hosted the 21st China Solar-grade Silicon and Photovoltaic Power Generation Symposium (CSPV), the most influential annual academic event in the field of silicon materials and photovoltaic power generation in China. The conference built a collaborative platform for the deep integration of “government, industry, academia, research and use” for the new energy industry. Through a combination of technical discussions and field practice, the conference also forged consensus on the green transformation of the industrial chain and provided a practical path reference for the high-quality development of the industry.

From increasing controlling shareholders' holdings, to introducing international strategic capital, to laying out a green industrial chain and digital finance, Zhonghuan Renewable Energy has established a development path of “deep technological cultivation, closed industrial loop, global expansion, and digital empowerment”. These initiatives are intertwined, and have strongly consolidated its core competitiveness in the field of photovoltaic manufacturing and zero-carbon solutions.