Shuifa Energy (00750) plans to sell 100% of the shares in Shuixing New Energy (Heyuan)

According to Zhitong Finance App News, Shuifa Energy (00750) announced that on December 29, 2025, Zhuhai Xingye (as the seller) (an indirect wholly-owned subsidiary of the Company) signed an equity transfer agreement with Shandong Beizi (as the buyer). Zhuhai Xingye agreed to sell, while Shandong Beizi agreed to buy and sell shares at a total cost of RMB 146.695 million (selling 100% of the company's shares in Shuixing New Energy (Heyuan)); and the total amount payable to Zhuhai Xingye was RMB 14 million.

As revealed in the Company's 2025 Interim Report, with the successive introduction of new energy industry policies, the Group will continue to rely on its rich experience and market insight in the field of clean energy, concentrate on achieving breakthroughs in the main business, promote the commencement of construction of completed projects, and focus on laying out high-quality energy projects with high return and low risk factors, while actively cultivating new business industries such as high-end facades, smart energy-saving buildings, and new materials to meet market changes and customer needs. The Group will normalize or revitalize inefficient and ineffective assets, and actively promote the transformation of the asset structure to high quality and efficiency.

The sale was in line with the Group's strategy to optimize its asset structure and improve operational efficiency. The divestment of low-quality assets and businesses with poor profitability and poor prospects will help the Group to streamline its operating structure, thereby reducing systemic risks and promoting the sustainable development of the Group's overall business. In addition, sales matters also help optimize resource allocation, improve cost management, and enable the Group to focus on implementing core business strategies.