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2023

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02

China Southern Power Grid shareholder change! The second largest shareholder has changed.


Recently, China Southern Power Grid Co., Ltd. has undergone industrial and commercial changes. The original shareholders, State Grid Corporation of China, Guangdong Province People's Government and Hainan Province People's Government have withdrawn. The new shareholders are State-owned Assets Supervision and Administration Commission of the State Council, Guangdong Hengjian Investment Holding Co., Ltd. and Hainan Development Holdings Co., Ltd., of which SASAC of the State Council holds 51% and is the largest shareholder. At the same time, the company's registered capital increased from 60 billion yuan to 90.2 billion yuan, an increase of more than 50%.

Before that, in 2021, the special conference on improving the equity structure of China Southern Power Grid and promoting high-quality development was held in Shenzhen. The equity structure of China Southern Power Grid was adjusted to 51% held by SASAC of the State Council, 25.57% held by Guangdong Province People's Government, 21.3% held by China Life Insurance (Group) Company and 2.13% held by Hainan Province People's Government.

Guangdong Hengjian Investment Holding Co., Ltd. was established in 2007.It is a sole proprietorship approved by the provincial government and performed the duties of the investor by the provincial SASAC. It is a major strategic investment platform of the provincial party committee and provincial government and a provincial state-owned capital operation company.

By the end of June 2022, the Company had total assets of RMB 383.2 billion yuan and net assets of RMB 200 billion yuan. It is the provincial enterprise group with the largest net assets scale and the strongest capital strength in Guangdong Province.

Functional orientation: the major strategic investment platform of Guangdong Provincial Party Committee and Provincial Government and provincial state-owned capital operation company

Main business sector: capital operation, fund investment, equity management

Asset scale: By the end of June 2022, the Company had total assets of RMB 383.2 billion yuan and net assets of RMB 200 billion yuan. It is the provincial enterprise group with the largest net assets scale and the strongest capital strength in Guangdong Province.

Credit rating: AAA domestic credit rating; overseas credit rating: obtained high-level ratings from three major international rating agencies, among which Fitch Ratings awarded the company A+ rating, Moody's and S&P Global awarded A2 and A rating respectively.