Securities Code: 000537
Securities Abbreviation: Green Power
Announcement Number: 2026-018
Bond Code: 148562
Bond Abbreviation: 23 Green Power G1
Bond Code: 524531
Bond Abbreviation: 25 Green Power G1
Valuation Enhancement Plan of Tianjin Green Power Group Co., Ltd.
The company and all members of the board guarantee that the information disclosed is true, accurate, complete, and does not contain false records, misleading statements, or significant omissions.
I. Triggering Conditions and Review Procedures
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Triggering Conditions
According to the China Securities Regulatory Commission's "Guidelines for the Supervision of Listed Companies No. 10 - Market Value Management," companies whose stock closing prices are below the audited net assets per share attributable to ordinary shareholders for 12 consecutive months are classified as long-term below par and must prepare a valuation enhancement plan within two months after the end of that quarter, which must be reviewed by the board and disclosed externally. From January 1, 2025, to December 31, 2025, the stock closing prices of Tianjin Green Power Group Co., Ltd. were below the audited net assets per share for the most recent accounting year, necessitating the formulation of a valuation enhancement plan. Specifically, from January 1, 2025, to April 29, 2025, the daily closing price was below the audited net asset value of 9.21 yuan per share at the end of 2023, and from April 29, 2025, to December 31, 2025, it was below the audited net asset value of 9.48 yuan per share at the end of 2024. -
Review Procedures
On February 27, 2026, the company held the 26th meeting of the 11th board of directors, which approved the proposal to formulate the "Valuation Enhancement Plan" with 9 votes in favor, 0 against, and 0 abstentions. For details, please refer to the "Announcement of Resolutions of the 26th Meeting of the 11th Board of Directors" disclosed on the same day on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement Number: 2026-016).
II. Specific Plan of the Valuation Enhancement Plan
- Focus on Core Responsibilities and Improve Operational Efficiency
The company will align with the national "14th Five-Year Plan" and the 2035 vision, centering on enhancing profitability and comprehensively improving operational management efficiency.- Actively expand effective investments and shift from scale expansion to quality and efficiency. The concept of effective investment will be integrated throughout the investment decision-making, project management, and post-investment evaluation processes to fundamentally transform the development model.
- Strengthen the management of the entire investment process to ensure project quality. Enhance project approval, feasibility study review, and multi-department joint review, focusing on key elements such as resource conditions, technical solutions, market absorption, and investment returns to ensure project quality from the source. Establish a dynamic monitoring and post-evaluation mechanism for the entire project investment cycle to keep track of project progress, cost control, and expected benefit achievement, providing timely warnings and corrections for projects deviating from targets.
- Optimize development layout and structure to enhance investment returns. Fully implement the "two transfers" strategic layout, expanding delivery channels for new projects while addressing the absorption issues of existing projects. Focus on provinces with high electricity loads, promote the acquisition of quality wind and solar projects, and strive for quality offshore wind resources to promote coordinated development of land and sea. Continue to deepen the "new energy + cultural tourism" integrated development model and actively collaborate with strategic partners to obtain quality new energy indicators.