Datang International extends 600m yuan loan to subsidiary for power plant project

Datang International Power Generation Co., Ltd. announced on December 19, 2025, an entrusted loan agreement to provide its connected subsidiary, Chaozhou Power Generation, with an RMB600 million loan through Bank of China. This loan, commencing on December 19, 2025, and maturing on December 11, 2035, bears a fixed interest rate of 2.75% per annum, 75 basis points lower than the most recent five-year loan prime rate. The funds are earmarked for the construction expenditure of the Datang Chaozhou Power Plant Units 5-6 Project.

The project, with a total investment of RMB8.394 billion, is expected to commence operation in November 2026 and January 2027 for its two units. Chaozhou Power Generation is 52.5% owned by the Company and 42.5% by China Datang Corporation Ltd. (CDC), making it a connected subsidiary and person under Listing Rule 14A.16.

This transaction qualifies as a connected transaction under the Listing Rules. With the highest applicable percentage ratio between 0.1% and 5%, the entrusted loan is subject to reporting and announcement requirements but is exempt from independent Shareholders’ approval. The Board, including independent non-executive directors, views the terms as fair and reasonable, and in the best interests of the Company and its Shareholders.