On January 15, 2026, PCG Power achieved a key milestone in its Series B financing, which is expected to amount to hundreds of millions of yuan. This round of financing will be jointly led by Aramco Ventures, the global corporate venture capital arm of Aramco, and Eurazeo, a leading European investment group, along with Longi, Yiyan Capital, and additional investment from existing shareholders Heda. Following the successful establishment of China's first inter-institutional REITs backed by distributed clean energy assets at the end of 2025, PCG power’s innovative business model and operational capabilities in the commercial and industrial (C&I) distributed energy sector have continued to gain strong recognition from international capital markets.

Li Wenxuan, Chairman and CEO of PCG Power commented:

"We sincerely thank both new and existing shareholders for their strong confidence in and continued support of PCG Power. This financing round represents not only a powerful endorsement by the capital markets of our business model and technological capabilities, but also a significant empowerment of our mission to drive profound transformation across the energy industry. Today, the global energy landscape is undergoing a historic shift—from resource dependency to technology-driven growth, and from static paradigms to dynamic ecosystems. As power market reforms deepen, the value logic of energy assets is being fundamentally reshaped. This transformation presents both challenges of our time and strategic opportunities for innovators to embrace the future."

Looking ahead, PCG Power will continue to strengthen its strategic positioning in the commercial and industrial distributed clean energy sector, further refining its integrated business loop of "development, construction, operation, securitization, and reinvestment." The company will also actively explore new pathways for the acquisition and technological upgrading of existing assets. In parallel, PCG Power will enhance its digital capabilities by building a comprehensive smart energy platform encompassing virtual power plants, power trading, and carbon asset management, delivering high-quality, one-stop green energy solutions for C&I customers.

This financing round will further accelerate PCG Power's global expansion. Upholding a philosophy of openness and collaboration, the company will work closely with global ecosystem partners to drive innovation and transformation across the energy sector, contributing Chinese insight and solutions to the global energy transition.

About Aramco Ventures

Aramco Ventures is the venture capital arm of Aramco, the world's leading fully integrated energy and chemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures' strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco, primarily supporting its operational decarbonization, new lower-carbon fuels businesses, and digital transformation initiatives.

About Eurazeo

Eurazeo is a leading European investment group with €37.4 billion in diversified assets under management, including €28,0 billion on behalf of institutional and retail clients through its private equity, private debt, real estate and infrastructure strategies. The Group supports more than 600 mid-market companies, leveraging the commitment of its 400-strong workforce, its in-depth sector expertise, its privileged access to global markets through 14 offices across Europe, Asia and the United States, and its responsible approach to value creation based on growth. The company's institutional and family shareholding structure, and its solid financial structure, ensure its long-term viability.