[China Nuclear Power: Plans to invest 178.5 million yuan to participate in the establishment of CNNC Ruian] On November 9, China Nuclear Power (601985.SH) announced that the company plans to jointly invest 350 million yuan with Hengyi Group, Zhejiang Electric Power, Nuclear Energy Development, and Jingou Technology to establish CNNC (Ruian) Nuclear Energy Co., Ltd., of which the company will invest 178.5 million yuan and hold 51% of the shares. CNNC Ruian will be responsible for the development, construction and operation of the Wenzhou Fenghuang Island Nuclear Energy Project. This transaction constitutes a related transaction, which has been reviewed and approved by the company's board of directors and does not need to be submitted to the shareholders' meeting for review.