CITIC Securities Co., Ltd.
Verification Opinion on the Adjustment of the 2026 Annual Daily Related Transaction Quota for Inner Mongolia Electric Power Investment Energy Co., Ltd.
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "this Independent Financial Advisor") serves as the independent financial advisor for Inner Mongolia Electric Power Investment Energy Co., Ltd. (hereinafter referred to as "Electric Power Investment" or "the Company") in its issuance of shares and payment of cash to purchase assets and raise supporting funds, which constitutes a connected transaction (hereinafter referred to as "this Restructuring"). In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Administrative Measures for Major Asset Restructuring of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, we have prudently reviewed the Company's adjustment of its 2026 annual daily related transaction quota. The details are as follows:
I. Overview of Connected Transactions
(I) Review of Connected Transactions
On August 10, 2026, the Company's sixth extraordinary board meeting in 2026 deliberated and approved the "Proposal on Adjusting the Company's 2026 Annual Daily Related Transaction Quota." The proposed adjustment for the Company and its subsidiaries' daily related transactions in 2026 is RMB 825,318.85 million (excluding tax), with an increase of RMB 842,898.35 million and a decrease of RMB 17,579.50 million. The actual total amount of similar transactions in 2025 was RMB 1,671,081.12 million (excluding tax). This proposal is a connected transaction proposal, and connected directors have recused themselves from voting. It has also been reviewed and approved by the Company's independent directors' special meeting and the audit committee. In accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations, this connected transaction matter still needs to be submitted to the Company's shareholders' meeting for deliberation.
(II) Expected Daily Connected Transactions for the Company in 2026 After This Adjustment