BEIJING ENERGY INT’L (686) Announces Proposed ABS Issuance, Multiple Framework Deals, and SGM Notice

Bulletin Express
Nov 12

BEIJING ENERGY INTERNATIONAL HOLDING CO., LTD. (stock code: 686) released a circular summarizing four main proposals. First, it outlines a plan to issue asset-backed securities (ABS) and transfer the entire equity interests in three subsidiaries—Xinjiang Xinyou New Energy Power Generation Co., Ltd., Youyu County Sineng Wind Power Co., Ltd., and Luan Huaqin New Energy Co., Ltd.—to raise funds and enhance the Group’s financial structure. The Company expects to recognize a one-off gain from these disposals.

Second, a proposed 2026-2028 Financial Services Framework Agreement covers deposit, loan, and other financing services on terms comparable to those of major independent commercial banks. Third, a 2025-2028 Finance Lease Business Framework Agreement aims to facilitate financing needs for new energy projects, classifying the transactions as continuing connected transactions of varying significance. Relevant thresholds trigger shareholders’ approval and reporting requirements under the Listing Rules.

Lastly, a Special General Meeting is scheduled on 28 November 2025 at 11:00 a.m. (Hong Kong venue and a branch venue in Beijing), where independent shareholders will vote on the above transactions. Interested parties will abstain from voting according to connected transaction guidelines. Shareholders are advised to refer to the circular for details on voting procedures at the upcoming meeting.

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