Electricity investment production and financing: major asset replacement and issuance of shares to purchase assets have obtained approval from the China Securities Regulatory Commission.

The announcement of State Grid Corporation of China states that it intends to purchase 100% equity of China General Nuclear Power Corporation through asset replacement and issuance of shares, and to transfer 100% equity of State Grid Corporation of China Investment Holdings and raise matching funds. On December 26, 2025, the company received approval from the China Securities Regulatory Commission to issue 7.578 billion shares and 4.412 billion shares respectively to China General Nuclear Power Corporation and China Life Insurance for the purchase of related assets, and approved the issuance of shares to raise matching funds not exceeding 5 billion yuan. The approval is valid for 12 months from the date of issue, and the company will handle the transaction matters within the specified period and disclose them in a timely manner.