Beijing Energy: Plans to issue A-shares to specific objects to raise funds not exceeding 5 billion yuan.

Jingneng Power announces that it intends to issue A-shares to specific investors to raise funds not exceeding 5 billion RMB. The net proceeds from the issuance, after deducting issuing expenses, will be used for the expansion of the Zouzhou Thermal Power Project in Hebei Province, the Ulanqab Jingda 1500MW "Wind-Solar-Storage Integration" large-scale wind and photovoltaic base project, acquiring 40% equity of the Shiyan Thermal Power held by Jingneng Group, as well as supplementing working capital and repaying debts. The issuance of A-shares to specific investors this time includes not more than 35 specific investors who meet the conditions specified by the China Securities Regulatory Commission, including the company's controlling shareholder Jingneng Group. Jingneng Group plans to subscribe to this issuance with an amount not less than 1 billion RMB and not more than 2.5 billion RMB.