Guangdong Electric Power Development Co., Ltd.

Guangdong Electric Power Development Co., Ltd. is a limited liability company established through a collaboration of several entities, including Guangdong Electric Power Holding Company and China Construction Bank Guangdong Province Trust Investment Company. The company is listed on the Shenzhen Stock Exchange and operates primarily in the electric power and heat production and supply sector. Its registered office is located in Guangzhou City, Guangdong Province, and it is ultimately controlled by the State-owned Assets Supervision and Administration Commission of the People's Government of Guangdong Province. The company focuses on the investment, construction, and operation management of electric power projects, including both traditional and new energy sources. Its portfolio includes large-scale coal-fired power plants as well as clean energy projects such as LNG power generation, wind power, and hydropower. As the largest listed power company in Guangdong Province, it holds a significant market share and is committed to diversifying its energy production while adhering to sustainability goals. The company aims to enhance its operational efficiency and expand its service offerings, positioning itself as a comprehensive energy service provider in the region.

1. The largest listed company of power in Guangdong The Company's main power generation assets are located in Guangdong Province, with a total asset size of more than 175.154 billion，It is the largest listed company with state-owned assets in Guangdong Province. As of December 31, 2024, the Company, as the largest listed power company in Guangdong Province, has a total of 34.837 million kilowatts of market-oriented units in the province, accounting for 15.65% of the total market-oriented units in the province. 2. Strong background and resource advantages Guangdong Energy Group, the controlling shareholder of the company, as a provincial key energy enterprise, has been actively supporting listed companies to become better and stronger by using the advantages of its resources, technology and asset scale. As the only listed company and main force of Guangdong Energy Group, the company has always been subordinated to serving the overall situation of the reform and development of Guangdong Province and Guangdong Energy Group. It has deeply cultivated the main power industry, actively played the value discovery function and resource allocation function of the capital market, and assisted the reform and development of Guangdong province's energy resources. 3. Comprehensive advantages of main business During the 14th Five Year Plan period, guided by the national energy development strategy, the company implemented the specific deployment of the Guangdong Provincial Party Committee's "1310" plan, built a first-class green and low-carbon power listed company, coordinated safety and development, optimized and strengthened coal-fired, gas-fired, and biomass power generation businesses, and vigorously developed new energy. The company has abundant project reserves and broad development prospects; The main business is clear, the structure is reasonable, the industrial position and market share are prominent, and it has strong comprehensive strength and broad development prospects. 4. Competitive advantage in electricity market The company's generator set has high parameters, large capacity, high operation efficiency, low coal consumption, stable operation, superior environmental protection performance and strong market competitive advantage. In 2024, the company completed a total of 112.976 billion kilowatt-hours of electricity in the market, and the scale of electricity sales continued to rank first in the province, with electricity sales prices superior to the province's average. The company gives full play to its three advantages of scale, brand and service. With its marketing service network all over the province and its technical accumulation and comprehensive resources in the power industry, the company provides auxiliary value-added services such as peak regulation, frequency modulation and backup for the power grid, and provides high-quality value-added services such as comprehensive energy saving and power consumption consultation for users, thus realizing the transformation from a power generation enterprise to an energy comprehensive service enterprise. 5. Advantage of financial resources At present, the company's total assets reach 100 billion, and the cash flow of its stock business is abundant, which provides a good support for the company's sustainable development. The company's financial position is good, with good financing channels such as bank credit, bonds and securities markets and rich financing methods. The company will make full use of internal and external financial resources to provide strong financial guarantee for the production and operation of enterprises, the construction of key projects and the rapid development of new energy industry. 6. Regional development advantages As the main energy source in Guangdong province, the company shoulders the important task of helping Guangdong Province to build a clean, low-carbon, safe and efficient modern energy system. The company will actively integrate into the construction of Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen's advanced demonstration zone and the development of Guangdong's "one core, one belt and one area". It will steadily push forward the construction of key energy projects and the development of new energy resources in the province and actively seek to expand into regions with better resource conditions and higher power demand, helps the "30·60" target to be implemented.