Mondian Huaneng adjusts asset acquisition terms for wind power ventures

Inner Mongolia MengDian HuaNeng Thermal Power Corp (Mondian Huaneng) has adjusted its asset acquisition and capital raising plan following new VAT policies on wind power. The acquisition of 70% equity in Inner Mongolia Shangdu Zhenglan Banner New Energy Co., Ltd. and 75.51% equity in Inner Mongolia Duolun New Energy Co., Ltd. now totals 533,615.66 million yuan, down from 571,682.72 million yuan. This adjustment in transaction price is less than 20% of the original amount.

The payment structure has also been revised, with cash payments totaling 266,550.54 million yuan and share-based payments amounting to 267,065.12 million yuan. The number of shares to be issued will not exceed 771,864,503 shares. The target companies' projected net profits for the performance commitment period have been adjusted due to the new VAT policy, with total committed net profits for 2025, 2026, and 2027 now at 265,620.21 million yuan. Matching funds to be raised were reduced from 285,000.00 million yuan to 265,000.00 million yuan.

These adjustments were approved by Mondian Huaneng's 19th Board of Directors meeting on December 2, 2025, and are deemed compliant with relevant regulations by Beijing Jiayuan Law Offices and Guotai Haitong Securities Co., Ltd.