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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 is positioned as a foreign investment financing service platform for industrialization of China’s new nuclear technology and implementation of overseas development strategy. It 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.
China He Investment (Hong Kong) Company Limited (‘‘China He Investment HK’’) is the controlling 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.