Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to lower financing costs [1] - The focus is on replacing high-cost funds with low-cost financing to optimize the overall debt structure [1]

Core Viewpoint - The company has successfully completed the issuance of its first phase of non-public debt financing tools for 2025, with a total issuance scale of RMB 800 million [1] Group 1: Debt Issuance Details - The company registered and completed the issuance of the second phase of bonds on October 27, 2025, with a face value of RMB 200 million [1] - The bonds have a maturity period of five years and a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to continuously cover short-term debts with long-term debts, replacing high-cost funds with low-cost funds to reduce financing costs and optimize its debt structure [1]

Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to replace high-cost funds with low-cost financing [1] - This approach is expected to lower overall financing costs and optimize the company's debt structure [1]

（於百慕達註冊成立之有限公司） （股份代號：750） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 China Shuifa Singyes Energy Holdings Limited 中國水發興業能源集團有限公司 本公告並不構成認購或購買任何債券或本公司其他證券的要約或邀請或招攬 或 誘 導 要 約 或 組 成 其 中 部 分，本 公 告 亦 不 擬 就 本 公 司 任 何 證 券 提 出 邀 請 要 約。 承董事會命 中國水發興業能源集團有限公司 副主席兼執行董事 完成發行 二零二五年第二期債務融資工具 茲 提 述 中 國 水 發 興 業 能 源 集 團 有 限 公 司（「本公司」）於 二 零 二 五 年 九 月 九 日 發 布 的 關 於 完 成 發 行 二 零 二 五 年 第 一 期 非 公 開 發 行 債 務 融 資 ...

Core Viewpoint - The company, Shuidafengye Energy, has agreed to acquire 100% equity of Guizhou Xingye Green Energy Technology Co., Ltd. for a total consideration of RMB 600 million, which includes cash payment and debt assumption, as a resolution to ongoing litigation [1][3]. Group 1: Acquisition Details - The acquisition involves a cash payment of RMB 216 million and the assumption of debts totaling RMB 384 million owed by the target company to the seller [1]. - The total consideration for the acquisition amounts to RMB 600 million [1]. Group 2: Target Company and Business Operations - Guizhou Xingye Green Energy Technology Co., Ltd. is primarily engaged in the maintenance management of photovoltaic power stations and electricity sales [1]. - The company has faced legal issues related to land use violations, resulting in the dismantling of a 100MW photovoltaic power station, which now operates at a reduced capacity of 65MW [2]. Group 3: Legal Context and Financial Implications - The litigation involves claims of approximately RMB 361 million from the seller, including losses from dismantling the power station and delayed electricity sales [2]. - The company anticipates significant compensation liabilities due to the litigation, particularly related to the dismantling losses of about RMB 253 million [3]. - The acquisition is viewed as a means to mitigate potential damages from the lawsuit and improve the company's credit rating by releasing assets currently under preservation orders [3]. Group 4: Strategic Benefits - The board believes that the acquisition will complement the company's existing business and enhance productivity and revenue sources [3]. - The company expects to achieve a pre-tax profit of approximately RMB 163 million upon completion of the acquisition, considering the debt waiver and the discounted acquisition price [3].

Group 1 - The company, Shui Fa Xing Ye Energy, announced the acquisition of 100% equity in Guizhou Xing Ye Green Energy Technology Co., Ltd. for a total cash consideration of RMB 216 million, along with assuming debts of RMB 384 million, resulting in a total acquisition cost of RMB 600 million [1] - The target company specializes in photovoltaic power station maintenance management and electricity sales in China [1] Group 2 - The company may face significant compensation liabilities in a lawsuit, particularly related to losses from dismantling power stations amounting to approximately RMB 253 million [2] - The acquisition is viewed as a means to resolve the EPC contract-related disputes, allowing the company to acquire the target equity and settle debts at a net amount of RMB 133 million after debt exemptions [2] - The board believes that the acquisition will complement the company's existing business, enhance productivity and scale, and expand revenue sources [2]

China Shuifa Singyes Energy Holdings Limited 中國水發興業能源集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：750） 主要交易 收購目標公司100%股 權 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 收購目標公司100%股 權 於 二 零 二 五 年 十 月 二 十 一 日（交 易 時 段 後），本 公 司、賣 方 與 目 標 公 司 訂 立 股 權 轉 讓 協 議，據 此(1)本公司同意收購而賣方同意出售目標公司合共100%股 權，現 金 代 價 為 人 民 幣216,025,300元；及(2)本公司同意承擔並以現金償還目 標 公 司 欠 付 賣 方 的 債 務，總 金 額 為 人 民 幣383,974,700元。故 此，收 購 事 項 的 總代價為人民幣600,000, ...

[Overview of Supplementary Information](index=1&type=section&id=Overview%20of%20Supplementary%20Information) This announcement provides supplementary information for China Shuifa Xingye Energy Group Limited's annual reports for the years ended December 31, 2023 and 2024, and interim report for the six months ended June 30, 2025 - This announcement provides supplementary information for China Shuifa Xingye Energy Group Limited's annual reports for the years ended December 31, 2023 and 2024, and interim report for the six months ended June 30, 2025[3](index=3&type=chunk) [Related Party Transactions](index=1&type=section&id=Related%20Party%20Transactions) [EPC General Contracting Services Framework Agreement](index=1&type=section&id=EPC%20General%20Contracting%20Services%20Framework%20Agreement) The company disclosed details of the EPC general contracting services framework agreement with Shuifa Group, including annual contract caps for 2024-2026 and actual transaction amounts for 2024, confirming compliance with listing rules and fair terms reviewed by independent non-executive directors and auditors - The Group entered into an EPC General Contracting Services Framework Agreement with Shuifa Group on November 5, 2024, for the Group to undertake certain EPC and related services for Shuifa Group, valid until December 31, 2026[4](index=4&type=chunk) EPC General Contracting Services Framework Agreement Annual Caps (Contract Amount) | Year | Cap (RMB) | | :--- | :--- | | For the year ended December 31, 2024 | 1,000,000,000 | | For the year ended December 31, 2025 | 1,200,000,000 | | For the year ended December 31, 2026 | 1,500,000,000 | - For the year ended December 31, 2024, the actual contract amount for transactions under the EPC General Contracting Services Framework Agreement was **RMB 517,355,000**[5](index=5&type=chunk) - Independent non-executive directors confirmed that the continuing connected transactions for the year ended December 31, 2024, were entered into in the ordinary and usual course of business, on fair and reasonable terms, in the overall interest of shareholders, and on normal commercial terms or better[5](index=5&type=chunk) - The auditors confirmed that the continuing connected transactions were approved by the Board, entered into in accordance with the Group's pricing policies and relevant agreements, and did not exceed the caps[6](index=6&type=chunk) - The company confirmed compliance with the disclosure requirements of Chapter 14A of the Listing Rules[7](index=7&type=chunk) [Share Award Scheme](index=3&type=section&id=Share%20Award%20Scheme) [Changes in Unvested Share Awards](index=3&type=section&id=Changes%20in%20Unvested%20Share%20Awards) This section details the changes in unvested share awards for directors, the five highest paid individuals, and other grantees for the years ended December 31, 2023 and 2024, and the six months ended June 30, 2025, including opening balances, grants, vesting, cancellations, and forfeitures [Year Ended December 31, 2023](index=3&type=section&id=Year%20Ended%20December%2031%2C%202023) This section presents the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the year ended December 31, 2023 Changes in Unvested Share Awards for the Year Ended December 31, 2023 (thousand shares) | Participant Name or Category | Balance at January 1, 2023 (thousand shares) | Granted During the Year (thousand shares) | Vested During the Year (thousand shares) | Cancelled During the Year (thousand shares) | Forfeited During the Year (thousand shares) | Balance at December 31, 2023 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Directors** | | | | | | | | | | Mr. Chen Fushan | 1,400 | – | – | – | (420) | 980 | 29/12/2020 | 0.79 | | Mr. Liu Hongwei | 1,500 | – | – | – | (450) | 1,050 | 29/12/2020 | 0.79 | | Mr. Wang Dongwei | 1,400 | – | – | – | (420) | 980 | 29/12/2020 | 0.79 | | **Subtotal** | **4,300** | **–** | **–** | **–** | **(1,290)** | **3,010** | | | | Five Highest Paid Individuals | 2,300 | – | – | – | (690) | 1,610 | 29/12/2020 | 0.79 | | Other Grantees | 53,900 | – | – | (3,000) | (15,270) | 35,630 | 29/12/2020 | 0.79 | - As of December 31, 2023, directors, the five highest paid individuals, and other grantees held **3,010 thousand shares**, **1,610 thousand shares**, and **35,630 thousand shares** of unvested awards, respectively, totaling approximately **40,250 thousand shares**[8](index=8&type=chunk) [Year Ended December 31, 2024](index=4&type=section&id=Year%20Ended%20December%2031%2C%202024) This section details the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the year ended December 31, 2024 Changes in Unvested Share Awards for the Year Ended December 31, 2024 (thousand shares) | Participant Name or Category | Balance at January 1, 2024 (thousand shares) | Granted During the Year (thousand shares) | Vested During the Year (thousand shares) | Cancelled During the Year (thousand shares) | Forfeited During the Year (thousand shares) | Balance at December 31, 2024 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Directors** | | | | | | | | | | Mr. Chen Fushan | 980 | – | – | – | (420) | 560 | 29/12/2020 | 0.79 | | Mr. Liu Hongwei | 1,050 | – | – | (1,050) | – | – | 29/12/2020 | 0.79 | | Mr. Wang Dongwei | 980 | – | – | (980) | – | – | 29/12/2020 | 0.79 | | **Subtotal** | **3,010** | **–** | **–** | **(2,030)** | **(420)** | **560** | | | | Five Highest Paid Individuals | 1,260 | – | – | – | (540) | 720 | 29/12/2020 | 0.79 | | Other Grantees | 35,980 | – | – | – | (15,420) | 20,560 | 29/12/2020 | 0.79 | - As of December 31, 2024, all unvested awards for Mr. Liu Hongwei and Mr. Wang Dongwei, totaling **2,030 thousand shares**, were cancelled, leading to a significant decrease in the directors' subtotal from 3,010 thousand shares to **560 thousand shares**[10](index=10&type=chunk) [Six Months Ended June 30, 2025](index=4&type=section&id=Six%20Months%20Ended%20June%2030%2C%202025) This section outlines the changes in unvested share awards for directors, five highest paid individuals, and other grantees for the six months ended June 30, 2025 Changes in Unvested Share Awards for the Six Months Ended June 30, 2025 (thousand shares) | Participant Name or Category | Balance at January 1, 2025 (thousand shares) | Granted During the Period (thousand shares) | Vested During the Period (thousand shares) | Cancelled During the Period (thousand shares) | Forfeited During the Period (thousand shares) | Balance at June 30, 2025 (thousand shares) | Grant Date | Acquisition Price (HKD) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Directors** | | | | | | | | | | Mr. Chen Fushan | 560 | – | – | – | – | 560 | 29/12/2020 | 0.79 | | Five Highest Paid Individuals | 720 | – | – | – | – | 720 | 29/12/2020 | 0.79 | | Other Grantees | 20,560 | – | – | – | – | 20,560 | 29/12/2020 | 0.79 | - During the six months ended June 30, 2025, the balance of unvested share awards remained unchanged, with no grants, vesting, cancellations, or forfeitures occurring[10](index=10&type=chunk) [Share Award Vesting Period and Conditions](index=5&type=section&id=Share%20Award%20Vesting%20Period%20and%20Conditions) This section clarifies the specific vesting schedule for share awards, including vesting percentages and dates for different tranches, emphasizing that all vesting is contingent upon achieving predefined performance targets - Award shares vest in three tranches over 24-36 months, 36-48 months, and 48-60 months from the grant date, with percentages of **30%**, **30%**, and **40%** respectively, all subject to performance targets[13](index=13&type=chunk)[12](index=12&type=chunk) Award Share Vesting Period and Percentage | Vesting Period (from Grant Date) | Vesting Date | Vesting Percentage | | :--- | :--- | :--- | | 24-36 months | December 28, 2023 | 30% | | 36-48 months | December 28, 2024 | 30% | | 48-60 months | December 28, 2025 | 40% | - No other awards were granted to other directors, the five highest paid individuals, or other grantees, except as already disclosed[13](index=13&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 （股份代號：750） China Shuifa Singyes Energy Holdings Limited 中國水發興業能源集團有限公司 （於百慕達註冊成立之有限公司） 補充公告 獨立非執行董事變動 茲 提 述 中 國 水 發 興 業 能 源 集 團 有 限 公 司（「本公司」）日 期 為 二 零 二 五 年 九 月 二 十 三 日 的 公 告，內 容 有 關（其 中 包 括）本 公 司 獨 立 非 執 行 董 事 變 動（「該公告」）。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 該 公 告 所 界 定 者 具 有 相 同 涵 義。 董 事 會 謹 此 向 股 東 及 本 公 司 潛 在 投 資 者 提 供 以 下 補 充 資 料。 委任獨立非執行董事 王 先 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國水發興業能源集團有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00750 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,200,000,000 | USD | | 0.01 | USD | | 32,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,200,000,000 | USD | | 0.01 | USD | | 32,000,000 | 本月底法定 ...