China Power to acquire 31% stake in Dazhou Energy for RMB458.8m

China Power International Development Limited will acquire a 31% equity interest in Dazhou Energy for RMB458,800,000. This amount comprises RMB31,000,000 for the equity transfer, a capital commitment of RMB124,000,000, and a post-completion capital contribution of RMB303,800,000. The acquisition, formalized on September 12, 2025, is a connected transaction as Dazhou Energy is a wholly-owned subsidiary of Sichuan Company, which is a wholly-owned subsidiary of CPI Holding, the Company's controlling shareholder.

Dazhou Energy, incorporated in July 2023, holds the development right to the “Northeast Sichuan High Efficiency Clean Coal Power Comprehensive Utilization Integrated Project” in Sichuan Province, PRC. The project's first phase involves building two ultra-supercritical coal-fired power generating units with a total installed capacity of 2,000MW. As of November 30, 2024, Dazhou Energy's appraised net asset value was RMB100,000,000.

The transaction falls under the Listing Rules' announcement and reporting requirements, as the highest applicable percentage ratio exceeds 0.1% but is less than 5%, exempting it from independent shareholders' approval. The Company will finance the acquisition using its internal resources.