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Zheneng Electric Power Receives 40 Million Yuan First-Installment Performance Compensation

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Zhejiang Zheneng Electric Power (SHA:600023) received the first installment of performance compensation of 40 million yuan from Lin Jianwei, according to a weekend filing with the Shanghai bourse.

The payment stems from a compensation agreement signed in August 2025 following board, in which Lin is obligated to pay performance compensation in four installments related to Suzhou Zhonglai Photovoltaic New Materials.

The thermal power generation company said it will cooperate in releasing part of the stock pledge per the agreements.

Shares of Zhejiang Zheneng Electric Power closed 1% higher Monday.

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