CGN Power Co., Ltd. — Capital/Financing Update 2025

Mar 26, 2025

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CGN Power Co., Ltd.*
中國廣核電力股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1816)

PROPOSALS FOR EXTENSION OF THE VALIDITY PERIOD OF THE RESOLUTION IN RESPECT OF THE ISSUANCE OF A SHARE CONVERTIBLE CORPORATE BONDS TO NON-SPECIFIC INVESTORS AND THE VALIDITY PERIOD OF THE RELEVANT AUTHORIZATIONS

References are made to the circular dated July 5, 2024 (the "Circular") and the announcement dated August 8, 2024 (the "Announcement") of CGN Power Co., Ltd.* (the "Company"), in relation to, among other matters, the Issuance of A Share Convertible Corporate Bonds to non-specific investors proposed by the Company. Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Circular and the Announcement.

Resolutions in relation to "To consider and approve the resolution on the Issuance of A Share Convertible Corporate Bonds to non-specific investors" and "To consider and approve the resolution on authorization to the Board or its authorized persons granted by the general meeting of Shareholders to deal with the matters in relation to the Issuance of A Share Convertible Corporate Bonds to non-specific investors at its sole discretion" were considered and approved at the EGM, H Shareholders' Class Meeting and A Shareholders' Class Meeting convened by the Company on August 8, 2024.

According to the abovementioned resolutions, the validity period of the resolution in relation to the Issuance shall be twelve months from the date on which the resolution was considered and approved at the EGM and the Class Meetings; and the validity period of the authorizations to the Board to deal with the matters relating to the Issuance (the "Relevant Authorizations") shall be twelve months from the date on which the resolutions were considered and approved at the EGM and the Class Meetings, except for the authorizations in items (5), (6), (7) and (12), which are valid for the period up to the date on which the relevant matters are completed.

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The Issuance has been approved by the CSRC for registration. As the relevant work on the Issuance is still under progress and the validity periods of the resolutions on the Issuance and the Relevant Authorizations will expire soon, in order to ensure the smooth implementation of relevant work on the Issuance, the Company convened Board meeting on March 26, 2025, at which “the proposal in relation to the extension of the validity period of the resolution of the general meeting on the Issuance of A Share Convertible Corporate Bonds to non-specific investors” and “the proposal in relation to extension of the validity period of the resolution on authorization to the Board or its authorized persons granted by the general meeting of Shareholders to deal with the matters in relation to the Issuance of A Share Convertible Corporate Bonds to non-specific investors at its sole discretion” were considered and approved. It is agreed to extend the validity periods of the resolutions of the general meeting on the Issuance and the Relevant Authorizations for twelve months from the date of the expiry of the original term, and table such resolutions to the 2024 annual general meeting, 2025 first A Shareholders’ class meeting and 2025 first H Shareholders’ class meeting of the Company for consideration.

Apart from the abovementioned extension of the validity periods of the resolutions of the general meeting on the Issuance and the Relevant Authorizations, all other matters and contents of the resolutions on the Issuance shall remain unchanged.

By order of the Board

CGN Power Co., Ltd.*

Yin Engang

Chief Financial Officer, Joint Company Secretary and Board Secretary

The PRC, March 26, 2025

As at the date of this announcement, the Board of the Company comprises Mr. Gao Ligang as an executive Director; Mr. Yang Changli, Ms. Li Li, Mr. Pang Songtao, Mr. Feng Jian and Mr. Liu Huanbing as non-executive Directors; Mr. Wong Ming Fung, Mr. Li Fuyou and Ms. Xu Hua as independent non-executive Directors.

• For identification purpose only