Southern Power Grid plans to raise 2 billion yuan, and the controlling shareholder intends to subscribe for no more than 1 billion yuan.

Southern Power Grid announced that the company plans to issue up to 1.136 billion shares of A shares to a maximum of 35 specific investors, raising funds of up to 2 billion RMB. The controlling shareholder Southern Power Grid plans to subscribe for no less than 41.26% of the issued shares in cash, with a subscription amount of up to 1 billion RMB. The pricing benchmark date is the first day of the issuance period, with a price not lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing benchmark date. This transaction constitutes a related party transaction and still requires the approval of the company's shareholders' meeting, approval from the Shenzhen Stock Exchange, and registration approval from the China Securities Regulatory Commission.