Guangdong Power Corp. A: The controlling shareholder pledged 577 million A-shares for debt issuance.

Guangdong Power Holdings A announced that its controlling shareholder, Guangdong Energy Group, plans to use part of the company's A-share stocks as the underlying assets for non-public issuance of convertible bonds, and has obtained the letter of no objection from the Shenzhen Stock Exchange. Recently, in order to protect the rights of bondholders, Guangdong Energy Group has pledged 577 million A-share stocks and their dividends to Citic Securities, with the pledge period until the date of release procedures. As of the date of the announcement disclosure, Guangdong Energy Group and its concerted actors have pledged a total of 902 million shares, accounting for 25.36% of their holdings and 17.19% of the company's total share capital. This pledge does not infringe upon the interests of the company or pose forced liquidation risks, and does not affect control rights and company operations.