Yunnan Nengtou: The incremental project mechanism electricity price needs to be determined through bidding. There is still a certain degree of uncertainty regarding the impact on the future operation of the company's new energy incremental projects.

Yunnan Nengtou issued a notice of abnormality to implement the requirements of the "Notice of the National Development and Reform Commission and the National Energy Administration on Deepening the Market-oriented Reform of Renewable Energy On-grid Electricity Prices to Promote High-quality Development of Renewable Energy". In order to smoothly and orderly promote the market-oriented reform of renewable energy on-grid electricity prices, the Development and Reform Commission of Yunnan Province, the Energy Administration of Yunnan Province, and the National Energy Administration's Yunnan Supervision Office recently issued a notice on the "Implementation Plan for Deepening the Market-oriented Reform of Renewable Energy On-grid Electricity Prices in Yunnan Province to Promote the High-quality Development of Renewable Energy". According to the implementation plan, the electricity price mechanism for incremental projects needs to be determined through competitive bidding, and there is still some uncertainty about the future operation of the company's new energy incremental projects. Investors are advised to pay attention to investment risks.