Concord New Energy Group Limited provided supplemental details on its previously disclosed disposal of three project company groups to Zhaoying Nenghe, a partnership in which the group holds a 30.37% interest through subsidiaries. The company disclosed Zhaoying Nenghe’s partner equity structure and said it will be treated as a joint venture under the equity method, and it released unaudited net asset values, considerations and estimated disposal gains for each target group, with total consideration of RMB517.8 million and an estimated aggregate gain of RMB77.5 million.

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