China Power amends asset restructuring compensation terms

China Power International Development Limited (CPID) has entered into a Second Supplemental Compensation Agreement on September 16, 2025, with Xiangtou International and Yuanda Environmental. This agreement amends the Wu Ling Power Compensation Agreement and the Wu Ling Power Supplemental Compensation Agreement, specifically deleting provisions related to the transfer of Wu Ling Power Profit Undertaking Assets.

Despite these changes, CPID confirms that the maximum compensation amount remains unchanged in extreme scenarios where compensation obligors must return consideration shares. The company anticipates Yuanda Environmental will continue to be consolidated in its financial statements.

The maximum net disposal of interest by the Group in Wu Ling Power and Changzhou Hydropower remains at 14.57% and 33.48% respectively. CPID's directors deem this amendment fair and reasonable, asserting it does not constitute a material amendment to the original agreements, thus not requiring further shareholder approval under Chapter 14A of the Listing Rules.