JNCEC(00579): Daquan company reached an agreement with the local government authorities on compensation for the withdrawal of four hydropower stations.

JNCEC (00579) announced that Dachuan Company (Sichuan Dachuan Power Limited, under the jurisdiction of the company's Southwest Branch) reached an agreement with the local government authorities on compensation for the exit of four hydroelectric power stations on December 26, 2024. A third-party asset evaluation agency, jointly appointed by Dachuan Company and the local government authorities, conducted an assessment of the assets of the four hydroelectric power stations. The total compensation for the exit of the four hydroelectric power stations is 441 million RMB. Both parties will sign a supplementary agreement for the specific payment arrangements.