002128SZSE

Reply from Inner Mongolia Electric Power Investment Energy Co., Ltd. to the Shenzhen Stock Exchange's Inquiry on Issuing Shares and Cash for Asset Acquisition

✨ AI Summary

Inner Mongolia Electric Power Investment Energy Co., Ltd. responds to the Shenzhen Stock Exchange regarding its share issuance and cash payment for asset acquisition. The transaction aims to resolve industry competition issues and enhance operational efficiency. Key figures include an increase in total assets from approximately 5.16 billion to 7.66 billion RMB post-transaction, with a projected rise in net profit. The company asserts compliance with relevant regulations and outlines measures to mitigate potential impacts on shareholder returns.

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Full Translation

AI Translation· azure_openai

Independent Financial Advisor Signature Date: April 2026

1-1 Shenzhen Stock Exchange: We have received your inquiry letter dated January 9, 2026, titled "Inquiry on the Application for Issuing Shares and Cash for Asset Acquisition and Raising Supporting Funds by Inner Mongolia Electric Power Investment Energy Co., Ltd." (hereinafter referred to as "Inquiry Letter"). Inner Mongolia Electric Power Investment Energy Co., Ltd. (hereinafter referred to as "Electric Power Investment," "the Company," or "the Listed Company") has worked with CITIC Securities Co., Ltd. (hereinafter referred to as "Independent Financial Advisor," "CITIC Securities"), Zhejiang Sunshine Times Law Firm (hereinafter referred to as "Legal Advisor," "Lawyer"), Rongcheng Accounting Firm (Special General Partnership) (hereinafter referred to as "Audit Institution," "Accountant"), and Beijing Tianjian Xingye Asset Appraisal Co., Ltd. (hereinafter referred to as "Appraisal Institution," "Appraiser") to address the issues raised in the Inquiry Letter. We hereby respond to the Inquiry Letter as follows for your review. The supplementary disclosure content is highlighted in bold italics in the "Report on Issuing Shares and Cash for Asset Acquisition and Raising Supporting Funds and Related Transactions (Draft) (Revised)" (hereinafter referred to as "Restructuring Report").

Note:

  1. Unless otherwise specified, the abbreviations or definitions in this reply report are the same as those in the "Report on Issuing Shares and Cash for Asset Acquisition and Raising Supporting Funds and Related Transactions (Draft) (Revised)."
  2. The font types in this reply report represent the following meanings:
    • Questions listed in the Inquiry Letter: Black font (non-bold)
    • Responses to questions: Song font (non-bold)
    • Modifications and supplements to the Restructuring Report: Italicized bold font

1-2 Table of Contents

  • Table of Contents ......................................................................................................................................................... 2
  • Question 1: Regarding the Purpose of the Transaction and Industry Competition ................................................................................. 3
  • Question 2: Regarding the Transaction Plan .................................................................................................................. 22
  • Question 3: Regarding the Historical Development of the Target Assets .................................................................................. 47
  • Question 4: Regarding the Performance of the Target Assets .......................................................................................... 73
  • Question 5: Regarding the Financial Condition of the Target Assets .................................................................................. 132
  • Question 6: Regarding Transaction Pricing .................................................................................................................. 176
  • Question 7: Regarding Mining Rights Assessment ........................................................................................................ 235
  • Question 8: Regarding Raising Supporting Funds ........................................................................................................ 250
  • Question 9: Regarding Related Assets of the Target Assets .......................................................................................... 269
  • Other Matters ............................................................................................................................................................... 297

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