China Suntien Green Energy Corporation Limited has issued a circular convening a second extraordinary general meeting (EGM) on 30 October 2026 to seek shareholder approval for two renewed related-party framework agreements and the 2026 directors’ remuneration plan.
Key resolutions up for approval:
1. New Financial Services Framework Agreement with HECIC Group Finance Company • Term: 1 Jan 2027–31 Dec 2029 (renewal of the 2023 agreement). • Services: deposits, loans, bill discounting, miscellaneous fee-based services and other permitted financial services. • Pricing: interest on deposits ≥ (i) PBOC lower limits; (ii) rates offered to other HECIC members; (iii) best commercial-bank offers to the Group. Loan rates ≤ PBOC upper limits and not higher than comparable bank loans. • Annual caps: – Maximum daily deposit balance: RMB 5.50 billion for each of 2027–2029 (vs. current cap RMB 4.50 billion; 2025 peak utilisation 97%). – Maximum daily loan balance: RMB 6.00 billion per year. – Bill discounting cap: RMB 500 million per year. – Fee-based/other services handling-fee cap: RMB 5.00 million per year. • Rationale: secure competitive pricing, support funding for offshore wind and gas-fired power expansion, and enhance group liquidity management. • Compliance: deposit service requires independent shareholders’ approval under HKEX Chapter 14A; bill discounting and fee-based services subject to reporting/annual review; loan service exempt from HKEX approval but capped under SSE rules.
2. New Asset Financing Services Framework Agreement with Huihai Finance Leasing • Term: 1 Jan 2027–31 Dec 2029 (renewal of 2023 agreement). • Scope: direct lease and sale-and-leaseback of equipment. • Annual caps: RMB 800 million for newly-added direct leases and RMB 800 million for newly-added sale-and-leaseback each year (2027-2029). • Pricing: lease interest benchmarked to National Interbank Funding Center LPR and no higher than comparable third-party finance lease costs; terms not less favorable than those offered to other HECIC members. • Purpose: provide flexible, cost-effective financing for wind power and gas infrastructure projects requiring an estimated RMB 6.91 billion in capital over 2027-2029. • HKEX: exempt from independent shareholders’ vote (all percentage ratios <5%); SSE rules require shareholder approval as caps exceed 5% of net assets.
3. Directors’ Remuneration for 2026 • Non-executive directors: no remuneration from the Company. • Independent non-executive directors: fixed allowance of HKD 100,000 (pre-tax). • Executive director(s): remuneration tied to existing management pay and performance appraisal, comprising basic salary, performance bonus, long-term incentives and statutory benefits.
EGM Details Date & Time: 30 October 2026, 9:30 a.m. (PRC time) Venue: Conference Room, 4/F, International Hotel Hebei, Shijiazhuang, Hebei. H-shareholders must lodge proxy forms by 9:30 a.m., 29 October 2026.
Voting Arrangements • Poll voting required for all resolutions. • HECIC (52.80% shareholding) and interested directors/shareholders will abstain from voting on the respective connected-transaction resolutions.
Governance and Risk Controls The Company highlights internal controls including mandatory quotation comparisons with at least two independent banks, monthly monitoring of Finance Company reports, and oversight by the finance department and independent directors. HECIC has committed to fund the Finance Company if liquidity issues arise, and the Group will not deposit all cash with the Finance Company.
If approved, the renewed agreements will take effect on 1 January 2027, ensuring continuity of intra-group financial and leasing support aligned with regulatory and shareholder safeguards.