China Datang renewable power boosts capital for Zhongning energy storage project

China Datang Corporation Renewable Power Co. (the company) announced a connected transaction: a capital increase agreement for Datang Zhongning Energy Development Co., Ltd. On September 9, 2025, the company and Datang General Research Institute agreed to inject 156.5459 million yuan into Datang Zhongning for the Zhongning Energy Storage Project. The company's stake in Datang Zhongning will decrease from 100% to 78.11% but it remains a subsidiary.

In parallel, the board approved proposed amendments to its articles of association, rules of procedure for the general meeting and board of directors, and the abolishment of the supervisory committee, with functions transferring to the audit committee. These changes, effective upon shareholder approval, align with new PRC regulations.

Additionally, the company completed the issuance of its 2025 fifth tranche of ultra-short-term debentures on September 5, 2025, raising 1.5 bn yuan with a 73-day maturity and an interest rate of 1.61%. Proceeds will repay borrowings and enhance the company's financing structure.