Announcement on the Results of Issuing Shares and Cash Payment for Asset Acquisition and Related Transactions

1. Stock Code: 002128 Stock Abbreviation: Electric Power Investment Energy Announcement No.: 2026-044
   The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Important Content Reminder:

1. Issuance Quantity and Price

   • Type of Shares Issued: Domestic Listed RMB Ordinary Shares (A Shares)
   • Number of Shares Issued: 711,826,654 shares
   • Issuance Price: RMB 13.47 per share

2. Issuance Objects and Lock-up Period
   (1) Issuance Objects
   The shares issued and cash payment for asset acquisition are directed to Inner Mongolia Company, which subscribes using its equity in the target assets.
   (2) Lock-up Period Arrangement
   The shares obtained by Inner Mongolia Company from the subscription will not be transferable within 36 months from the date of listing. If the closing price of the company's stock is below the issuance price for 20 consecutive trading days within 6 months after the completion of the restructuring, or if the closing price at the end of the 6-month period is below the issuance price, the lock-up period for the new shares will automatically extend for at least 6 months.

3. New Share Registration and Listing Date
   The Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. accepted the company's application for new share registration on May 27, 2026. Once the shares are registered, they will be officially included in the company's shareholder register. The nature of the newly issued shares is limited circulation shares, with a listing date of June 3, 2026, and the lock-up period starts from the date of listing. The company's stock price will not be adjusted on the first day of listing, and trading will be subject to price fluctuation limits.

4. Asset Transfer Situation
   According to the transaction plan, the target of this transaction is 100% equity of Baiyinhu Coal Power. As of the date of this announcement, the transfer of 100% equity of Baiyinhu Coal Power from Inner Mongolia Company to Electric Power Investment Energy has been completed with the registration authority.

5. Approval Procedures Required for the Implementation of This Transaction
   (1) Procedures Already Completed

   1. The transaction has received principle consent from the controlling shareholder, Mengdong Energy, and the actual controller, State Power Investment Corporation.
   2. The transaction has been approved internally by Inner Mongolia Company.
   3. The transaction proposal has been approved by the company's fourth extraordinary board meeting in 2025.
   4. The asset evaluation report has been filed with the State-owned Assets Supervision and Administration Commission of the State Council.
   5. The formal transaction plan has been approved by the company's thirteenth extraordinary board meeting in 2025.
   6. The transaction has been approved by the State-owned Assets Supervision and Administration Commission of the State Council.
   7. The transaction has been approved by the company's sixth extraordinary shareholders' meeting in 2025.
   8. The transaction has passed the exchange review.
   9. The transaction has received registration approval from the China Securities Regulatory Commission (CSRC).

(2) Procedures Yet to be Completed
As of the date of this announcement, all necessary decision-making and approval procedures for this transaction have been completed, and there are no remaining procedures to be fulfilled.