Wanneng Electric Power's controlling shareholder and concerted action person have completed an increase in holdings, with an amount close to 1.5 billion.

Announcement from Anhui Province Wanneng Co., Ltd.: The controlling shareholder, a wholly-owned subsidiary of Energy Group, Wanneng Capital, has completed its implementation of the capital increase plan. Starting from June 13, 2025, within 3 months, Wanneng Capital will increase its holdings by 20,715,209 shares, accounting for 0.9138% of the total share capital, at a total cost of 149.6642 million RMB. Prior to the increase, Energy Group and its concerted actors held 56.74% of the shares, which increased to 57.65% after the increase. The lawyer believes that the qualification of the main body of the increase and the behavior are compliant. This increase is exempt from the tender offer situation. The company has fulfilled its disclosure obligations and does not involve tender offers, and the controlling rights have not changed.