On November 25, 2024, China Longyuan Power announced that the controlling shareholder, State Energy Group, issued the "Supplementary Commitment Letter (II)", extending the integration period for wind power assets to January 24, 2028. This is aimed at solving potential business overlap issues with China Longyuan Power and promoting the injection of high-quality wind power assets. The board of directors has approved the matter and will convene an extraordinary general meeting of shareholders on December 20, 2024 for deliberation. State Energy Group has committed to steadily promote wind power business integration within the extended period in compliance with relevant laws and regulations. Over the past three years, State Energy Group has completed the injection of certain new energy assets, including equity transfers of 8 new energy companies...Show More

On November 25, 2024, China Longyuan Power announced that the controlling shareholder, State Energy Group, issued the "Supplementary Commitment Letter (II)", extending the integration period for wind power assets to January 24, 2028. This is aimed at solving potential business overlap issues with China Longyuan Power and promoting the injection of high-quality wind power assets. The board of directors has approved the matter and will convene an extraordinary general meeting of shareholders on December 20, 2024 for deliberation. State Energy Group has committed to steadily promote wind power business integration within the extended period in compliance with relevant laws and regulations. Over the past three years, State Energy Group has completed the injection of certain new energy assets, including equity transfers of 8 new energy companies in Shandong, Jiangxi, Gansu, Guangxi, among other places. China Longyuan Power will continue to opportunistically acquire eligible new energy assets to enhance company value. Additionally, China Longyuan Power will submit a resolution at the extraordinary general meeting to appoint Mr. Wang Yong as a non-executive director and provide guarantee for the medium and long-term debt financing of its wholly-owned subsidiary Xiong Ya Investment Co., Ltd. Xiong Ya's asset-liability ratio is 79.80%, planning to carry out medium and long-term debt financing to optimize its capital structure.