Shenyang Huetian Thermal Power Co., Ltd.
Announcement on the Investment in the Construction of the Shenyang Huetian Shengsheng Thermal Power Project Supporting Long-Distance Interconnected Heating Engineering
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Shenyang Huetian Thermal Power Co., Ltd. (hereinafter referred to as the "Company" or "Huetian Thermal Power") based on its development strategy and to promote the Company's sustainable development and enhance its profitability, is investing in the construction of the Shenyang Shengsheng 2×350MW Thermal Power Project (hereinafter referred to as the "Shengsheng Thermal Power Project," for details, please refer to the "Announcement on the Investment in the Construction of the Shenyang Shengsheng Thermal Power Project" issued by the Company on January 25, 2025, in the China Securities Journal, Securities Times, Shanghai Securities News, and Juchao Information Network, Announcement No.: 2025-03).
To effectively transport the heat generated by the Shengsheng Thermal Power Project after its completion and operation to the Tiexi heating network (heat receiving body), forming a cogeneration heating model, ensuring stable regional heating, and enhancing heating supply capacity, the Company plans to invest in the construction of the "Shengsheng Thermal Power Supporting Long-Distance Interconnected Heating Engineering" project (hereinafter referred to as "this Project"). The details are as follows:
I. Investment Overview
- Project Overview
This Project, based on the Shengsheng Thermal Power Project as the primary heat source, will construct supporting long-distance zero-level heating pipelines (from the power plant to the Company's Tiexi heating network) to meet the heating demand of the current and future heat load in the region. To ensure the safety and stability of the current primary network heating system, the zero-level network will use pressure-reducing stations to connect with the existing primary network in the Tiexi District. Based on the location of the current heat source plant and the heat load distribution, this Project plans to construct one pressure-reducing station. Additionally, optimization (new construction or renovation) of the existing primary heating network in the Tiexi District is required. A heating network monitoring center will be planned for the zero-level network of this Project. The total planned investment for this Project is approximately RMB 1.405 billion (including tax).
- Deliberation and Voting Status
On August 5, 2026, the tenth Board of Directors held its eighth extraordinary meeting in 2026 and approved the "Proposal on the Investment in the Construction of the Shengsheng Thermal Power Supporting Long-Distance Interconnected Heating Engineering." According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association" and other relevant regulations, the above investment matter needs to be submitted to the Company's shareholders' meeting for approval before it can be implemented.
- Classification of Transaction Nature
The above investment matter does not constitute a related party transaction or a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Project Investment and Implementing Entity
The investment and implementing entity for this Project is the Company, Shenyang Huetian Thermal Power Co., Ltd.
III. Basic Information of the Investment Project
- Project Name: Shengsheng Thermal Power Supporting Long-Distance Interconnected Heating Engineering