CGN Power Co., Ltd. — M&A Activity 2025

Jan 20, 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)

Connected Transaction

Progress in Acquisition of 100% Equity Interest in Taishan No. 2 Nuclear Power

Reference is made to the connected transaction announcement dated January 8, 2025 of CGN Power Co., Ltd. (the "Company") (the "Announcement") in relation to, among other things, the entering into of the Share Transfer Agreement between the Company and China General Nuclear Power Corporation (中國廣核集團有限公司) ("CGN") for the transfer of 100% equity interest in CGN Taishan No. 2 Nuclear Power Co., Ltd.* (中廣核台山第二核電有限公司) ("Taishan No. 2 Nuclear Power"). The Company proposed to acquire from CGN 100% equity interest in its wholly-owned subsidiary, Taishan No. 2 Nuclear Power, and the Completion Date is the date on which the registration of industrial and commercial changes related to this transaction is completed. Unless indicated otherwise, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board announces that Taishan No. 2 Nuclear Power has recently completed the registration of industrial and commercial changes for this transaction and has become a wholly-owned subsidiary of our Company, and obtained the renewed business license from the Market Supervision and Administration of Taishan Municipality (台山市市場監督管理局).

By order of the Board

CGN Power Co., Ltd.*

Yin Engang

Chief Financial Officer, Joint Company Secretary and Board Secretary

The PRC, January 20, 2025

As at the date of this announcement, the Board of our 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