Hengxin Technology restructures solar assets via RMB 750 million quasi-REITs, net disposing 70% stake

• Hengxin Technology outlined a corporate reorganization to set up privately traded quasi-REITs, resulting in a net disposal of 70% of two solar-thermal power stations.
• Target issue size RMB 750 million; external investors expected to take RMB 525 million, with Zhongguang New Energy subscribing RMB 225 million for 30% of units.
• Structure uses an SPV transfer, a sale of 100% of the project company to the SPV, then an absorption merger into the project company.
• Group expects to retain control and continue consolidating the assets under HKFRS 10 despite the 30% unit holding.
• Net proceeds expected at about RMB 460 million; about RMB 400 million earmarked for a 350MW solar thermal project, RMB 60 million for working capital.

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. Hengxin Technology Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277760), on August 07, 2026, and is solely responsible for the information contained therein.