Jingneng Power plans to apply for a 1.05 billion entrusted loan from its controlling shareholder for use in new energy projects.

In 2025, Jingneng Power obtained a state-owned capital operating budget of 10472.76 million yuan for its subsidiary through its controlling shareholder Jingneng Group, for use in new energy projects. In order to meet the requirements for the use of funds, the company plans to apply for an equal entrusted loan from Jingneng Group, with a term of three years, which will be converted into equity investment when the company carries out capital increase and expansion. Jingneng Group is the controlling shareholder of the company, and this entrusted loan constitutes a related party transaction, but does not constitute a significant asset restructuring. In the past 12 months, the company has been involved in equity acquisitions and two similar related party transactions. On September 19, 2025, the 11th meeting of the 8th Board of Directors of the company approved the proposal, with related directors abstaining from voting. Independent directors believe that this loan for new energy projects does not harm the interests of the company and shareholders.