China Longyuan, announced on July 1, 2024 that its controlling shareholder, State Power Investment Corporation Limited (SPIC), plans to inject a portion of new energy assets into China Longyuan Electric Power Group Co., Ltd. (China Longyuan). The move aims to implement the previous commitment between the two parties to reduce and resolve industry competition issues. The expected injection of new energy installed capacity is about 4 million kilowatts, and will be phased in. It is preliminarily estimated that this transaction will not constitute a major asset restructuring. Currently, the asset injection is in the early stage, and the specific asset target will be determined after the completion of due diligence and audit evaluation. The company will disclose the progress of the transaction in accordance with relevant securities supervision regulations, and remind shareholders and potential investors to pay attention to investment risks.

China Longyuan, announced on July 1, 2024 that its controlling shareholder, State Power Investment Corporation Limited (SPIC), plans to inject a portion of new energy assets into China Longyuan Electric Power Group Co., Ltd. (China Longyuan). The move aims to implement the previous commitment between the two parties to reduce and resolve industry competition issues. The expected injection of new energy installed capacity is about 4 million kilowatts, and will be phased in. It is preliminarily estimated that this transaction will not constitute a major asset restructuring. Currently, the asset injection is in the early stage, and the specific asset target will be determined after the completion of due diligence and audit evaluation. The company will disclose the progress of the transaction in accordance with relevant securities supervision regulations, and remind shareholders and potential investors to pay attention to investment risks.