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

Mar 19, 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)

APPROVAL OF THE REGISTRATION OF THE ISSUANCE OF CONVERTIBLE CORPORATE BONDS TO NON-SPECIFIC INVESTORS BY CHINA SECURITIES REGULATORY COMMISSION

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.

Recently, the Company received the Approval of the Registration of the Issuance of Convertible Corporate Bonds to Non-Specific Investors by CGN Power Co., Ltd. (Zheng Jian Xu Ke [2025] No. 479) issued by the CSRC. Details of the approval are set out below:

I. The registration of the issuance of convertible corporate bonds to non-specific investors by the Company has been approved.

II. The Issuance by the Company shall be conducted strictly in accordance with the submission documents and issuance plans submitted to the Shenzhen Stock Exchange.

III. The approval shall be valid within 12 months from the date of approval of the registration.

IV. In case of the occurrence of any material event from the date of approval of the registration until the completion of the Issuance, the Company shall promptly report such event to the Shenzhen Stock Exchange and handle such matters in accordance with the relevant requirements.

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The Board will handle matters in relation to the issuance of convertible corporate bonds to non-specific investors within the prescribed period and timely fulfill its information disclosure obligations in accordance with requirements under the aforementioned documents and relevant laws and regulations, as well as the authorization granted at the general meeting and class meeting of shareholders of the Company. Investors are advised to pay attention to investment risks.

By order of the Board
CGN Power Co., Ltd.*
Yin Engang
Chief Financial Officer, Joint Company Secretary and Board Secretary

The PRC, March 19, 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 purposes only