Verification Opinion
CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Construction Investment" or "Sponsor") has conducted a prudent review regarding the release of restrictions on shares issued by State Energy Group Changyuan Power Co., Ltd. (hereinafter referred to as "Changyuan Power" or "Company") to specific entities, in accordance with relevant regulations including the "Administrative Measures for Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Stock Listing Rules," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board of Shenzhen Stock Exchange."
1. Issuance of Shares to Specific Entities
With the approval from the China Securities Regulatory Commission (CSRC) regarding the registration of shares issued by State Energy Group Changyuan Power Co., Ltd. (CSRC Approval [2024] No. 1021), Changyuan Power issued a total of 731,707,317 ordinary shares (A shares) at a price of 4.10 RMB per share, raising a total of 2,999,999,999.70 RMB. The newly issued shares will be listed on December 3, 2024. Among these, the shares subscribed by the controlling shareholder, State Energy Investment Group Co., Ltd. (hereinafter referred to as "State Energy Group"), are subject to a transfer restriction for 18 months from the date of issuance and listing, while shares subscribed by other entities are restricted for 6 months.
After this issuance, the total share capital of the company increased to 3,481,035,016 shares. The specific issuance details are as follows: