Chendian International: adjustments to the time-of-use electricity pricing mechanism have a certain impact on the company's electricity business revenue.

date
07/07/2025
Chenxiang International Announcement: The Development and Reform Commission of Hunan Province has issued a notice regarding the optimization of our province's time-of-use electricity pricing policy, which will be implemented starting from August 1, 2025. This adjustment to the time-of-use electricity pricing mechanism mainly includes changes in the scope of implementation, changes in time segments, and changes in average floating electricity prices. Peak time segments will be reduced by one month, and the average floating electricity price will be lowered. Due to the adjustments in the division of different time segments and changes in users' electricity consumption habits, it will have a certain impact on the company's electricity business revenue in 2025. Based on the preliminary calculation using the electricity consumption data from 2024 as a base, if there is a slight increase in revenue of approximately 3.82 million yuan without considering the changes in users' electricity consumption habits caused by the adjustments in time segments. This calculation is only preliminary, and the final impact amount is subject to the company's annual financial report audited in 2025.