Beijing Jingneng Adjusts Asset Lifespan Estimates

Beijing Jingneng Clean Energy Co., Ltd. Class H (HK:0579) has released an update.

Beijing Jingneng Clean Energy Co., Ltd. has announced a revision to the estimated useful lives of its fixed assets to better reflect the actual conditions and enhance the quality of its accounting information, effective from August 1, 2024. These changes, which mainly affect the company’s power and heat generation units, align with industry depreciation policies and do not require shareholder approval. The company assures that the updated estimates will provide more accurate financial data and will not adversely affect the interests of the company or its minority shareholders.

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