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On 14 July 2015, China Nuclear Industry 23 International Corporation Limited changed its company name to China Nuclear Energy Technology Corporation Limited (the “Company” or “CNE TECH CORP”). The Company is committed to its business philosophy “integrity, professionalism, astuteness, pioneering, innovation, respect”, in search of excellence to create better value for the shareholders.
The Company aims to establish a financial services business with focus on the financing and leasing sector of nuclear power, clean energy, energy conservation and environmental protection industries, to realize industry and financial synergies. It will continue to generate more revenue from the projects in the areas such as photovoltaics, solar power generation, biomass energy, to become a leading contractor in the field of new energy generation, at the same time achieve operational integration of photovoltaic power plant investment and EPC operations to maximize investment returns.
On 10 May 2022, the Company completed a share subscription with its strategic investor and Yahgee International (Hong Kong) Co., Limited (雅致國際（香港）有限公司) becomes the largest shareholder of the Company. Yahgee International (Hong Kong) Co., Limited (雅致國際（香港）有限公司) is principally engaged in investment holding and is a direct wholly-owned subsidiary of 深圳市新南山控股（集團）股份有限公司 (transliterated as Shenzhen New Nanshan Holdings Group Co. Ltd*) (“Nanshan Holdings”), a company incorporated in the PRC with limited liability and is listed in the Shenzhen Stock Exchange (stock code: 002314) and headquartered in Shekou, Shenzhen.
Nanshan Holdings is principally engaged in the businesses of, among others, modern warehousing and logistics services, property development and integrated development of industrial cities. Nanshan Holdings is held as to approximately 68.43% by its largest shareholder 中國南山開發（集團）股份有限公司 (transliterated as China Nanshan Development Group Co. Limited*) (“China Nanshan Group”), a company incorporated in the PRC with limited liability, which is principally engaged in the provision of modern integrated logistics services, integrated development of industrial cities, the provision of financial services and asset management services. The largest shareholder of China Nanshan Group is 招商局（南山）控股有限公司 (transliterated as China Merchants (Nanshan) Holdings Co., Ltd.*) (“China Merchants (Nanshan)”), holding approximately 36.52% of China Nanshan Group. The parent company of China Merchants (Nanshan) is China Merchants Port Holdings Company Limited, a company incorporated in Hong Kong with limited liability and listed on the Stock Exchange (stock code: 144), which is ultimately controlled by the State-owned Assets Supervision and Administration Commission of the State Council of the PRC.
China He Investment (Hong Kong) Company Limited (‘‘China He Investment HK’’) is the second largest shareholder of the Company. China He Investment HK is a wholly-owned subsidiary of ZOC Investment Co., Ltd. (“ZOC Investment”). ZOC Investment is a wholly-owned subsidiary of 中國核工業建設集團公司(transliterated as China Nuclear Engineering Group Co.*) (“CNEGC”) and an investment platform for new fields and new businesses. CNEGC is a key state-owned enterprise under the direct management of the PRC State Council.