Zhejiang Energy (600023.SH) plans to invest 751 million yuan to participate in the equity of China Fusion Energy Co., Ltd.

Zhenergy Power (600023.SH) announced that it, along with China Nuclear Industry Group Limited (referred to as "China Nuclear Group"), China Nuclear Power, China Petroleum Group Kunlun Capital Limited (referred to as "Kunlun Capital"), Shanghai Future Fusion Energy Technology Co., Ltd. (referred to as "Shanghai Fusion"), National Green Development Fund Co., Ltd. (referred to as "Green Fund"), and Sichuan Zhongke Fusion Energy Technology Co., Ltd. (referred to as "Sichuan Fusion"), jointly invested approximately 11.492 billion yuan in China Fusion Energy Company (referred to as "Fusion Company") at a price of 1.0019 yuan/registered capital. They subscribed to an additional registered capital of 11.469 billion yuan for Fusion Company, with the company contributing approximately 751 million yuan to hold a 5% stake in Fusion Company.