Zhongneng Electric: Received a warning letter from the Fujian Securities Regulatory Bureau for violations of disclosure regulations.

Zhongneng Electric announced that the company, Chen Tianxu, CHENMANHONG, and Yu Chunjiang received a warning letter from the Fujian Securities Regulatory Bureau on January 16, 2026. The company was found to have failed to fulfill its review and disclosure obligations for related party transactions, failed to disclose developments in a major event, and did not follow proper procedures in the acquisition of 100% equity of Fujian Xiangrui Electric in June 2018. In 2019, the company planned to transfer 100% equity of Dalian Ruiyou for 30.7177 million yuan, but later reduced it by 6.05 million yuan without disclosure. Chen Tianxu is primarily responsible for the aforementioned violations, while CHENMANHONG and Yu Chunjiang are primarily responsible for the second violation. The company will rectify the situation, and regulatory measures will not affect its normal operations.