ChuanTou Energy: Plans to undertake a pumped storage project with an investment of 58.52 million yuan and establish a project company.

Chuanhua Energy announced that the company plans to undertake the Nanjing pumped-storage project from Nengtou Electric Power and establish a project company to advance preliminary work, intending to pay Nengtou Electric Power approximately 58.5241 million yuan in preliminary fees and interest. Nengtou Electric Power is a related party of the company, and this transaction constitutes a related party transaction, not a major asset reorganization, has been approved by the board of directors, and does not require review by the shareholders' meeting. The project plans to install 1.4 million kilowatts, with a total investment of about 8.341 billion yuan, currently in the feasibility study stage and not yet approved, posing uncertainty risks. The registered capital of the project company is 330 million yuan, with Chuanhua Energy holding 85%.