BJP plans to apply to its controlling shareholder for a entrusted loan of 105 million for new energy projects

In 2025, Beijing Energy Holding Co., Ltd. obtained state-owned capital operating budget funds of 104.7276 million yuan for its subsidiaries through its controlling shareholder, Beijing Energy Group, for renewable energy projects. To meet the funding usage regulations, the company plans to apply to Beijing Energy Group for an equivalent entrusted loan with a term of three years, which will be converted into equity investment during the capital increase and share expansion. Beijing Energy Group is the company's controlling shareholder, and this entrusted loan is a related party transaction but does not constitute a major asset restructuring. In the past 12 months, the company has had equity acquisitions and two similar related party transactions. On September 19, 2025, the company's eighth board of directors held its eleventh meeting, where this proposal was reviewed and approved, with related directors abstaining from voting. Independent directors believe that this loan for renewable energy projects does not harm the interests of the company and its shareholders