Hubei Dagang Law Firm
Legal Opinion on the 2025 Annual Shareholders' Meeting of China Energy Group Changyuan Electric Power Co., Ltd.
To: China Energy Group Changyuan Electric Power Co., Ltd.
Hubei Dagang Law Firm (hereinafter referred to as "this Firm") has accepted the entrustment of China Energy Group Changyuan Electric Power Co., Ltd. (hereinafter referred to as "the Company") and appointed lawyers to attend the Company's 2025 Annual Shareholders' Meeting (hereinafter referred to as "this Shareholders' Meeting"), and to issue legal opinions on the legality of the convening and holding procedures of this Shareholders' Meeting, the qualifications of attendees, the qualifications of the convener, as well as the legality and validity of the voting procedures and results.
In order to issue this "Legal Opinion," lawyers from this Firm attended this Shareholders' Meeting, reviewed the relevant documents provided by the Company regarding this Shareholders' Meeting, and listened to the explanations made by the Company's Board of Directors on relevant matters. During the review of the relevant documents, the Company assured and committed to us that the documents submitted to this Firm and the explanations made are true, and have provided the necessary original written materials, copies, or oral testimonies for this "Legal Opinion," and that the copies or reproductions are consistent with the originals.
Lawyers from this Firm, based on the "Securities Law of the People's Republic of China," "Company Law of the People's Republic of China," "Rules for Shareholders' Meetings of Listed Companies," "Implementation Rules for Online Voting at Shareholders' Meetings of Listed Companies on the Shenzhen Stock Exchange," and other relevant laws, regulations, normative documents, and the "Articles of Association of China Energy Group Changyuan Electric Power Co., Ltd." (hereinafter referred to as "the Articles of Association"), and in accordance with the recognized business standards, ethical norms, and the spirit of diligence and responsibility in the legal profession, express legal opinions on this Shareholders' Meeting.
This Firm's lawyers agree that the Company will announce this legal opinion together with the resolutions of this Shareholders' Meeting and will bear legal responsibility for the legal opinion in accordance with the law.
The legal opinions are as follows:
I. On the convening and holding procedures of this Shareholders' Meeting
This Shareholders' Meeting was convened at the proposal of the Company's Board of Directors, and a notice regarding this Shareholders' Meeting was published on April 24, 2026, in the "Securities Times," "China Securities Journal," and on the Giant Tide Information Network, disclosing the time, place, agenda, attendees, registration methods for the on-site meeting, the equity registration date for shareholders entitled to attend the meeting, and their rights to appoint proxies to attend the meeting and participate in voting. The above announcement clearly listed the matters to be discussed at this Shareholders' Meeting and disclosed the content of all proposals as required. After issuing the above meeting notice, the convener did not amend the proposals listed in the meeting notice nor add new proposals.
This Shareholders' Meeting was held in a combination of on-site voting and online voting.
As witnessed by the lawyers from this Firm, this Shareholders' Meeting was held as scheduled on May 20, 2026 (Wednesday) at 3:00 PM in the Company's conference room, and the actual time, place, and content of the meeting were consistent with the announcement.
The online voting for this Shareholders' Meeting was conducted through the Shenzhen Stock Exchange trading system, with the voting times as follows:
- Morning: 9:15-9:25, 9:30-11:30
- Afternoon: 1:00-3:00.
The voting time through the internet voting system started at 9:15 AM on May 20, 2026, and ended at 3:00 PM on the same day.
Upon verification, the convening and holding procedures of this Shareholders' Meeting comply with the provisions of laws, administrative regulations, departmental rules, normative documents, and the Articles of Association.
II. On the qualifications of attendees and the convener of this Shareholders' Meeting