China Power's subsidiary, Wuling Power Co., Ltd., successfully issued RMB 0.4 billion R&D bills on September 3, 2024, with a period of 181 days and an annual interest rate of 1.97%. This issuance is the first phase of RMB 1 billion asset-backed debt financing instruments issued by Wuling Power in China. The R&D bills are jointly underwritten by six banks and publicly issued in the interbank bond market of China. The funds raised will be used to repay existing bank loans and supplement daily operating funds. Wuling Power has a credit rating of AAA with a stable outlook. After the issuance is completed, relevant financial information and credit rating reports have been made public on the websites of the China Monetary Network and the Shanghai Clearing House.

China Power's subsidiary, Wuling Power Co., Ltd., successfully issued RMB 0.4 billion R&D bills on September 3, 2024, with a period of 181 days and an annual interest rate of 1.97%. This issuance is the first phase of RMB 1 billion asset-backed debt financing instruments issued by Wuling Power in China. The R&D bills are jointly underwritten by six banks and publicly issued in the interbank bond market of China. The funds raised will be used to repay existing bank loans and supplement daily operating funds. Wuling Power has a credit rating of AAA with a stable outlook. After the issuance is completed, relevant financial information and credit rating reports have been made public on the websites of the China Monetary Network and the Shanghai Clearing House.