Southern Power Grid Energy Storage: Nanning Pumped Storage Power Station Production Investment Project.

Announcement from Southern Power Grid's Energy Storage: On December 19, 2025, the company's major asset restructuring project will include the investment in the Nanning Pumped Storage Power Station. Units 1 and 2 will be put into assessment trial operation, and Units 3 and 4 are expected to be put into assessment trial operation before the end of the year, in accordance with the expected commissioning time disclosed in the company's "Report on Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions." The units will officially enter commercial operation after completing the assessment trial operation.