China Power acquires 35% stake in Jieyang Power

** China Power International Development Limited announced a connected transaction involving the acquisition of a 35% equity interest in Jieyang Power. The acquisition will see China Power paying RMB36,693,510 plus a post-completion capital contribution of RMB558,600,000. Jieyang Power holds the development right to a large-scale coal-fired power generation project and approval for an offshore wind power project in Guangdong Province. CPI Holding, the controlling shareholder of China Power, owns 59.42% of the issued share capital. After the acquisition, Jieyang Power's registered capital of RMB1,700,000,000 will be held 20% by Guangdong Company, 45% by CPI Holding, and 35% by China Power. The Board believes the acquisition aligns with national policies and will strengthen the Group’s influence in regional electricity market transactions. The transaction is subject to customary closing conditions.