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

Feb 13, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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 APPLICATION FOR THE ISSUANCE OF A SHARE CONVERTIBLE CORPORATE BONDS TO NON-SPECIFIC INVESTORS UPON REVIEW BY THE LISTING REVIEW COMMITTEE OF THE SHENZHEN STOCK EXCHANGE

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

On February 13, 2025, the Listing Review Committee of the Shenzhen Stock Exchange convened the third review meeting of the Listing Review Committee for 2025, and reviewed the application for the Issuance of Convertible Corporate Bonds. According to the review results at the meeting, the application for the Issuance of Convertible Corporate Bonds has been approved upon review.

The implementation of the Issuance of Convertible Corporate Bonds is subject to the approval for registration by the CSRC. There is still uncertainty as to whether and when the CSRC will grant its approval for registration. The Company will timely fulfill its information disclosure obligations in accordance with the progress of the above matters and in compliance with relevant laws and regulations. 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, February 13, 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