Reply Report on the Audit Inquiry Letter Regarding the Issuance of Shares to Specific Targets by China Longyuan Power Group Corporation Limited
Shenzhen Stock Exchange:
In accordance with the requirements of the "Audit Inquiry Letter Regarding the Application of China Longyuan Power Group Corporation Limited for Issuance of Shares to Specific Targets" (Audit Letter [2026] No. 120005) (hereinafter referred to as the "Audit Inquiry Letter") issued by your exchange on January 22, 2026, China Longyuan Power Group Corporation Limited (hereinafter referred to as "Longyuan Power," the "Issuer," or the "Company"), together with CITIC Securities Company Limited (hereinafter referred to as the "Sponsor"), Beijing Jiayuan Law Firm (hereinafter referred to as "Issuer's Counsel," "Reporting Counsel," or "Jiayuan"), Zhongshen Zhonghuan Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Reporting Accountants" or "Zhongshen Zhonghuan"), and other relevant intermediaries, have conducted a thorough review and implementation of the issues listed in the Audit Inquiry Letter in the spirit of diligence, responsibility, and integrity. The response is as follows for your review.
The fonts used in this Audit Inquiry Letter reply report have the following meanings:
| Item | Font Style |
|---|---|
| Issues listed in the Audit Inquiry Letter | Bold (Black) |
| Responses to Audit Inquiry Letter issues, intermediary verification opinions | Song (Not bold) |
| Content cited from the Prospectus | Kai (Not bold) |
| Modifications and supplements to the Prospectus and other documents | Kai (Bold) |
Unless otherwise specified, the definitions of abbreviations or terms in this reply report are consistent with those in the "China Longyuan Power Group Corporation Limited 2025 Annual Prospectus for the Issuance of A-shares to Specific Targets." The data listed in this reply report may differ slightly from the results calculated directly from the relevant individual data due to rounding.
Table of Contents
Table of Contents 2
Question 1 3
Question 2 32
Question 3 87
- The application materials show that the total amount of funds raised from this issuance of A-shares to specific targets shall not exceed RMB 5.00 billion (inclusive), which will be invested in the Hainan Dongfang CZ8 site 500MW offshore wind power project (hereinafter referred to as Project One) and the "Ningxia-Hunan DC" supporting new energy base Shapotou 1GW wind power project (hereinafter referred to as Project Two), respectively.
Project One is located in the western sea area of Dongfang City, Hainan Province. The project has an installed capacity of 500MW and plans to install 22 offshore wind turbines with a single-unit capacity of 10MW and 20 offshore wind turbines with a single-unit capacity of 14MW. It includes supporting facilities such as an offshore booster station, collector submarine cables, and power transmission projects, and will be connected to the Hainan power grid via submarine cables. The total investment for the project is RMB 5.167 billion.
Project Two is located in Shapotou District, Zhongwei City, Ningxia Hui Autonomous Region, and is an important part of the new energy base supporting the "Ningxia-Hunan DC" project. The project has an installed capacity of 1GW and plans to install 140 wind turbines with a single-unit capacity of 7.15MW, along with supporting facilities such as collector lines, booster stations, and grid connection systems. The total investment for the project is estimated at RMB 4.272 billion.