Southern Power Grid Comprehensive Energy Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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Transaction Content: The Company intends to transfer part of its assets through the Beijing Property Exchange (hereinafter referred to as "Beijing Stock Exchange"). The initial listing price will not be lower than the assessed value of the assets by the appraisal agency. The final counterparties and transaction price will be determined based on the results of the public listing auction in accordance with the relevant regulations and procedures of the property exchange. Subsequently, the Company will implement strategic transformation requirements, promote asset structure optimization, and gradually exit the smart green power projects. Previously, the Company disclosed a preliminary announcement regarding this transaction, with specific details available in the announcement dated April 30, 2026 (Announcement No. 2026-017).
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This transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and there are no significant legal obstacles to the transaction's implementation.
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Since the assets to be transferred are being publicly listed, the counterparties and final transaction price have not yet been determined, making it impossible to assess whether it constitutes a related party transaction.
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The outcome of this transaction is uncertain, and the Company's strategic transformation process may not meet expectations. Investors are advised to pay attention to investment risks.
I. Transaction Overview
(1) Background and Basic Situation of the Transaction
In accordance with the Company's strategic development needs, to accelerate the optimization and adjustment of core business layout and further optimize asset structure, the Company intends to publicly transfer part of its smart green power project assets through the Beijing Stock Exchange.
(2) Transaction Approval Procedures
This transaction has been approved by the Company's third session of the fifth Board of Directors meeting held on June 5, 2026. This transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." Due to the public listing nature of this transaction, it is currently impossible to determine the listing price or whether it involves related party transactions. The Company will fulfill the corresponding review procedures and information disclosure obligations in accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and the Company's Articles of Association based on the situation of the listing party and the listing price.
II. Basic Situation of the Assets to be Transferred
The Company intends to transfer 24 smart green power project assets and 3 shares of smart green power project companies, with a total installed capacity of approximately 444.77 MW. The ownership of the project assets to be transferred is clear, with no ownership disputes, and there are no legal restrictions on transfer such as mortgages, pledges, or seizures by judicial authorities.