XINYI ENERGY & XINYI SOLAR (03868.HK/00968.HK): Proposed China listing of Xinyi Energy new energy REIT recommended by NDRC to CSRC

NewTimeSpace News: On 26 August 2026, Xinyi Energy Holdings Limited (stock code: 03868) and Xinyi Solar Holdings Limited (stock code: 00968), as the holding company of Xinyi Energy, issued a joint voluntary announcement that the proposed China listing has been recommended by the National Development and Reform Commission (NDRC) of the People's Republic of China to the China Securities Regulatory Commission (CSRC).

The announcement stated that the Xinyi Energy new energy fund project (the Xinyi Energy New Energy REIT) is an investment fund proposed to be established under the applicable laws and regulations of China, holding selected solar power plant projects currently owned and operated by Xinyi Energy, and is intended to list on a stock exchange in China, subject to the approvals and exemptions of the relevant regulatory authorities in Hong Kong and China. For the purpose of establishing the Xinyi Energy New Energy REIT and the proposed China listing, the selected solar power plant projects will be sold to or injected into the Xinyi Energy New Energy REIT.

Under the Listing Rules of Hong Kong (including, without limitation, the Practice Note 15), the establishment of the Xinyi Energy New Energy REIT and the proposed China listing constitute a spin-off transaction and a notifiable transaction for Xinyi Energy and Xinyi Solar (as the holding company of Xinyi Energy), and both companies will comply with the applicable requirements of the Listing Rules and the applicable laws and regulations of China, publishing further announcements in due course. Xinyi Energy and Xinyi Solar reminded that the proposed China listing may or may not proceed, and is subject to, among others, stock market conditions and regulatory approvals in Hong Kong and China.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.