Electric Investment and Financing (000958.SZ): The related party intends to participate in subscribing for the company's issuance of shares to specific investors

Gelonghui March 31 | Electric Power Investment Production & Finance (000958.SZ) announced that the company, by means of an asset swap and the issuance of shares, acquired 100% equity interest in State Power Investment Nuclear Power Co., Ltd., while divesting 100% equity interest in State Power Investment Group Capital Holdings Co., Ltd., and raised supporting funds of no more than RMB 5 billion (hereinafter referred to as the “Transaction”) has already obtained approval from the China Securities Regulatory Commission for the registration of the issuance of shares to acquire assets and raise supporting funds by State Power Investment Group Production & Finance Holding Co., Ltd., as evidenced by the CSRC’s reply letter, “Reply on Approving the Registration of State Power Investment Group Production & Finance Holding Co., Ltd.’s Issuance of Shares to Acquire Assets and Raise Supporting Funds” (CSRC License [2025] No. 2960).

The company has recently received subscription intent letters sent by email from its shareholders, China Southern Power Grid Production & Finance Holding Group Co., Ltd. (abbreviated as “CSG Production & Finance”), and Yunnan Energy Investment Capital Investment Co., Ltd. (abbreviated as “Yunnan Energy Capital”). CSG Production & Finance, or its related entities, and Yunnan Energy Capital, or its related entities, intend to participate in the company’s subscription of shares to be issued to specific targets. Specifically, CSG Production & Finance, or its related entities, plans to subscribe for an amount of no more than RMB 500 million, and Yunnan Energy Capital, or its related entities, plans to subscribe for an amount of no more than RMB 300 million. As of the date of this announcement, the company has not yet signed the relevant share subscription agreements with CSG Production & Finance, or its related entities, and Yunnan Energy Capital, or its related entities.

CSG Production & Finance and Yunnan Energy Capital are shareholders holding more than 5% of the company’s shares within the past 12 months. According to the provisions of the “Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange,” CSG Production & Finance and Yunnan Energy Capital are related parties of the company, and this Transaction constitutes a related-party transaction.