CHINA HK POWER(00931): Price and trading volume have fluctuated, and discussions on potential investments are still ongoing.

CHINA HK POWER (00931) announced that the Board of Directors has noted fluctuations in the company's stock price and trading volume on October 20, 2025. After conducting a reasonable inquiry into the matter, the Board confirms that, apart from what has already been disclosed, they are not aware of any reasons that could have caused such fluctuations, nor are there any insider information that needs to be disclosed under the Securities and Futures Ordinance Chapter 571 of Hong Kong. The Board also confirms that the business operations of the group remain normal, and there have been no significant changes in the business operations and financial condition as of the date of this announcement. The Board is willing to provide voluntary updates to shareholders and potential investors: the group has been in negotiations to acquire a significant liquefied natural gas project since May 1, 2025, and has signed a confidentiality agreement with a liquefied natural gas user company on September 12, 2025. Additionally, the group signed a confidentiality agreement with an international financial company on July 1, 2025, followed by a memorandum of understanding on August 1, 2025, to seek financing support for the above-mentioned liquefied natural gas project. As of the date of this announcement, negotiations regarding the potential investment are still ongoing, and the terms and conditions have not been finalized yet. No binding agreement has been reached regarding the potential investment. If there are significant developments in the investment matter, the company will issue another announcement in accordance with the listing rules at the appropriate time.