DATANG POWER (00991) intends to purchase 50% equity of Anhui Electric Power.

DATANG POWER(00991) announced that its wholly-owned subsidiary, Datang Anhui Power Generation Co., Ltd. ("Anhui Company"), has signed a property transaction contract with Huainan Mining (Group) Co., Ltd. ("Huainan Mining") to purchase 50% equity of Anhui Power Company Limited ("Anhui Power") held by Huainan Mining for a transaction amount of 1 yuan (RMB, the same below). After the transaction is completed, Anhui Company will hold 100% equity of Anhui Power, and Anhui Power will indirectly become a subsidiary of the company and be included in the company's consolidated financial statements. Anhui Power was established in February 1999 and mainly engages in the production and supply of electricity and heat. It currently has two 320MW thermal power generation units, which were put into operation in June 1997 and November 2005, respectively. As of April 30, 2025, Anhui Power's total assets were approximately 787 million yuan, total liabilities were around 2.473 billion yuan, owner's equity was about -1.686 billion yuan, and the asset-liability ratio was approximately 314%.