Huaihe Energy: Plans to invest 68 million yuan to jointly establish a joint venture company, holding 34% of the shares.

Huaihe Energy announced that the company intends to jointly invest with Guodian Power, PetroChina Taihu Company, and Ordos New Energy Company to establish Guodian Power Huaineng Mega Base Energy Co., Ltd., which will be responsible for the development, construction, and operation of relevant projects in the Kubuqi Desert base in Inner Mongolia. The initial registered capital of the joint venture company is 200 million RMB, with Guodian Power holding 51%, the company holding 34%, PetroChina Taihu Company holding 10%, and Ordos New Energy Company holding 5%. The company will contribute 68 million RMB. The final registered capital will be determined based on 20% of the project's completion settlement amount and will be injected in phases, synchronously, and proportionally according to the progress of construction. This investment has been approved by the 22nd meeting of the 8th Board of Directors of the company and does not require submission to the shareholders' meeting for deliberation.