China Nuclear Power (601985.SH) is planning to invest 1 billion yuan to acquire a stake in China Fusion Energy Technology Co., Ltd.

The Zhtng Finance and Economics APP reports that China Nuclear Power (601985.SH) has released an announcement to comply with the national future industrial strategic development requirements, implement the "three-step" nuclear energy strategy, further consolidate the central enterprise's core dominant position in China's fusion industry, and demonstrate China Nuclear Power's mission in promoting the transformation of the national energy structure and promoting the development of clean energy. In a forward-looking layout of the nuclear fusion energy field, laying the foundation for the future commercial application of fusion reactors, the company plans to participate in the investment in China Fusion Energy Co., Ltd. (hereinafter referred to as Fusion Company). Fusion Company is currently a wholly-owned subsidiary of CNNC Group. This transaction will be jointly invested by CNNC Group, China Nuclear Power, Kunlun Capital, Shanghai Fusion, Guolv Fund, Zhejiang Energy, and Sichuan Fusion at a price of 1.0019 yuan per registered capital, with a total investment of approximately 11.492 billion yuan, of which the company's investment amount is 1 billion yuan.