PN Smart Energy Announces Strategic Partnership to Target 200MW Distributed Solar Portfolio, Accelerating Five-Year Growth Strategy

NINGBO, China, Aug. 19, 2026 (GLOBE NEWSWIRE) -- PN Smart Energy Limited ("PN Smart" or the "Company") (NASDAQ: PN), a global independent power producer (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, today announced that through its key operating subsidiary Nanjing Cesun Power Co., Ltd. (“Nanjing Cesun”), the Company has entered into a Framework Agreement for Distributed Photovoltaic Power Plant Investment Sourcing (the “Agreement”) with Nanjing Chenxi Construction Technology Co., Ltd. (“Nanjing Chenxi”), in which PN Smart holds a 40% stake. Led by a team with rich experience in renewable energy investments, Nanjing Chenxi is dedicated to solar plant construction and project development. This strategic partnership is designed to identify, screen, and secure approximately 200 megawatts of high-quality distributed solar assets.