Henan Yuneng Holdings Co., Ltd.

Company Profile

(I) Project Construction and Operational Advantages The company upholds the craftsmanship spirit of “pursuing excellence and striving for perfection,” achieving remarkable results in project construction. Tianyi Power Generation and Fenghe Power Generation were both honored with the “China Power Quality Project Award”; Zhongyi Power Generation, Heqi Power Generation, and Puyang Yuneng Power Generation each received the “China Construction Engineering Luban Award (National Quality Project)”; Zhongyi Power Generation stands as the first ultra-low emission, high-parameter power plant in China's central and western regions, while Puyang Yuneng operates the nation's first ultra-supercritical unit in central and western China with reheat steam temperatures reaching 620°C. The company and its subsidiaries have been repeatedly honored with national and provincial-level Civilized Units, May 1st Labor Medals, and other accolades. They have been recognized as “Henan Province Advanced Unit for Energy Conservation and Emission Reduction,” “Provincial Water-saving Enterprise,” and " China's Outstanding Enterprise in Comprehensive Fly Ash Utilization." (II) Energy Layout and Development Advantages Among the Company's controlled operational thermal power units, large-capacity 600MW-class units featuring high efficiency and environmental friendliness account for over 80% of total capacity—exceeding both national and provincial averages. These units serve as critical power sources for southern and northern Henan. Aligned with the “30•60” carbon peak and carbon neutrality goals, the company continuously expands its renewable energy generation capacity. It is building a provincial-level integrated energy service provider centered on new energy, delivering stable, secure, and clean power to support Henan's economic development and ensure the well-being of its residents. (3) Technological Innovation Advantages By the end of 2024, all 600MW-class thermal power units under Yunen Holding had completed 25% deep peak-shaving flexibility upgrades, achieving a leading position within the province. In the 2023 Power Industry Thermal Power Unit Energy Efficiency Benchmarking Competition, Puyang Yunen's Unit 2 and Yakoukou Power Generation's Unit 3 received AAA-level awards for 600MW-class ultra-supercritical heating wet-cooled units and supercritical pure condensing wet-cooled units, respectively. Heqi Power Generation's Unit 4 earned a AAAA-level award for 300MW-class subcritical heating wet-cooled units. The phase-shifting reactor upgrade at Yakhkou Power Generation Unit #2 was recognized as the fourth batch of major first-of-a-kind energy equipment in China. Tianyi Power Generation passed the provincial development and reform commission's “Energy Conservation, Low Carbon, Benchmark Leadership” verification. Tianyi Power Generation's biomass project received the China Energy Conservation Association's First Prize for “Green and Low-Carbon Technological Innovation in the Thermal Power Industry” and the honor of “Green and Low-Carbon Technological Innovation Demonstration Base.” Zhongyuan Energy Construction was named an “Outstanding Service Provider for Green and Low-Carbon Innovation in the Thermal Power Industry” by the China Energy Conservation Association. (IV) Geographical Development Advantages Henan Province has strengthened coordination with Xinjiang, Qinghai, Shaanxi, and other provinces to accelerate the construction of power transmission corridors into Henan and promote inter-provincial energy enterprise cooperation in developing supporting thermal power and new energy projects. As a provincially capital-controlled comprehensive energy listed company in Henan, the Company will seize the opportunity presented by power imports to strengthen cooperation with resource-rich regions like Northwest China, gradually establishing integrated comprehensive energy bases combining wind, solar, thermal power, and storage outside the province. (V) Professional Management Team Strengths Since its inception, the company has focused exclusively on the energy sector. Core management team members possess years of dedicated experience in the power industry, demonstrating deep familiarity with energy business models and development trends. They bring extensive expertise in project investment, construction, and operations. Through sustained development, the company has established a robust talent cultivation and reserve system. It has assembled a specialized workforce in thermal power and new energy fields, encompassing engineering construction and project operations, providing personnel assurance and technical support for the company's transformation and development.