BJ ENERGY INTL (00686) announced that on December 22, 2025, its wholly-owned subsidiary, Jingneng International (Gaoyou) New Energy Co., Ltd., intends to acquire a 70% equity stake in Yangzhou Tairun New Energy Power Development Co., Ltd. from Gaoyou Yongtai Enterprise Operation Management Co., Ltd. for approximately RMB371 million (tax inclusive).

The board believes the acquisition aligns with the group’s development strategy, providing an opportunity to further expand its clean energy portfolio and optimize its asset structure. This move supports the company’s long-term focus on the clean and renewable energy sector and aligns with China’s macro trends toward transitioning to a green, low-carbon energy system, as well as the objectives of the 14th Five-Year Plan.

Additionally, the acquisition is expected to enhance the group’s operational scale and asset base, generating potential operational synergies through integrated management and efficient resource allocation. It will also strengthen the group’s overall competitiveness in the clean energy market, supporting sustainable growth.

Upon completion, the target project will have an installed capacity of approximately 460 megawatts. Given its geographical proximity to the group’s existing photovoltaic power projects in Gaoyou City, Jiangsu Province, the acquisition is expected to create synergies in project management, operational efficiency, and overall power generation capacity, thereby improving profitability.