BJ ENERGY INTL and ABC Financial Asset Investment Cooperated on Investment and Financing

On December 22, 2022, a unit of Beijing Energy International, the BEI Energy Development (Beijing) introduced a capital infusion of RMB 1 billion from Agricultural Bank of China’s unit, the ABC Financial Asset Investment. The cooperation on the capital infusion will play a positive role in the company’s financing. While meeting its capital needs, this move will optimize its asset-liability ratio.

Beijing Energy International has always adhered to the principle of “deleveraging by bringing down debt”, actively innovated the financing mode, accelerated the implementation of financing to meet its own development needs, optimized the capital structure to effectively control financial risks. The successful introduction of capital through infusion means that the capital market has fully recognized its credit capacity and asset quality, which will help the company to further expand financing channels, adjust financing structure and stabilize financing sources.