Core Viewpoint - China Shenhua (01088) has received approval for the expansion project of its wholly-owned subsidiary, Guoneng Chongqing Wanzhou Power Co., Ltd., which aims to enhance the power supply capacity in Chongqing [1] Group 1: Project Approval and Details - The project involves the construction of two 1 million kilowatt ultra-supercritical coal-fired generating units [1] - The project is located in Xintian Town, Wanzhou District, Chongqing [1] - The total investment for the project is 6.655 billion yuan, with 1.997 billion yuan as capital (30%) and 4.658 billion yuan as bank loans (70%) [1] Group 2: Environmental and Regulatory Compliance - The project must comply with national energy-saving requirements and adhere to ecological and environmental protection standards [1] - Effective measures are required to reduce energy consumption, improve efficiency, and ensure project quality and safety [1]

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份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。 ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼:01088) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而 做出。 茲載列中國神華能源股份有限公司於 2025 年 8 月 20 日在上海證券交 易所網站(www.sse.com.cn)刊登的「2025 年第一次臨時股東大會會議 資料」文件，僅供參閱。 承董事會命 中國神華能源股份有限公司 總會計師、董事會秘書 宋靜剛 北京，2025 年 8 月 19 日 於本公告日期，董事會成員包括執行董事張長岩先生，非執行董事康 鳳偉先生及李新華先生，獨立非執行董事袁國強博士、陳漢文博士及 王虹先生，職工董事焦蕾女士。 1 (在中华人民共和国注册成立的股份有限公司) 2025 年第一次临时股东大会 会议资料 二〇二五年八月 | | | | | 一、会议通知………………………………………………………………………………1 ...

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份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。 ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼:01088) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而 做出。 茲載列中國神華能源股份有限公司於 2025 年 8 月 20 日在上海證券交 易所網站(www.sse.com.cn)刊登的「關於國能萬州電廠二期擴建項目 獲得核准的公告」文件，僅供參閱。 承董事會命 中國神華能源股份有限公司 總會計師、董事會秘書 宋靜剛 北京，2025 年 8 月 19 日 於本公告日期，董事會成員包括執行董事張長岩先生，非執行董事康 鳳偉先生及李新華先生，獨立非執行董事袁國強博士、陳漢文博士及 王虹先生，職工董事焦蕾女士。 1 证券代码：601088 证券简称：中国神华 公告编号：临 2025-050 中国神华能源股份有限公司 关于国能万州电厂二期扩建项目获得核准的公告 本公司董事会及全体董事保证本公告内容不存在任何虚 ...

证券代码：601088 证券简称：中国神华 公告编号：临 2025-050 中国神华能源股份有限公司 关于国能万州电厂二期扩建项目获得核准的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 近日，中国神华能源股份有限公司（"本公司"）所属神华神东电力有限责 任公司拥有的全资子公司国能重庆万州电力有限责任公司二期 2×100 万千瓦扩 建项目（"本项目"）获得重庆市发展和改革委员会核准。核准批复文件（文号： 渝发改能源〔2025〕1034 号）主要内容如下： 一、为提升重庆市电力保障能力，同意建设本项目。 二、本项目单位为国能重庆万州电力有限责任公司，建设地点为重庆市万州 区新田镇。 三、本项目建设 2 台 100 万千瓦超超临界燃煤发电机组，同步建设脱硫、脱 硝等配套设施。 四、本项目总投资为 66.55 亿元。其中，资本金 19.97 亿元、占比 30%，银 行贷款 46.58 亿元、占比 70%。 五、本项目应符合国家节能要求，工程设计、建设及运行要满足国家生态环 保标准，采取有效措施降低能耗，提高效率，确保工程 ...

(在中华人民共和国注册成立的股份有限公司) 重要内容提示： 一、 召开会议的基本情况 2025 年第一次临时股东大会 会议资料 二〇二五年八月 | | | | | 一、会议通知………………………………………………………………………………1 | | --- | --- | | 二、2025 | 年第一次临时股东大会会议议程…………………………………9 | | 三、2025 | 年第一次临时股东大会议案 | | 议案一 | 关于取消监事会并修订《中国神华能源股份有限公 | | | 司章程》的议案……….……………………………………………10 | | 议案二 | 关于修订《中国神华能源股份有限公司股东大会议 | | | 事规则》的议案……………………….…………………………12 | | 议案三 | 关于修订《中国神华能源股份有限公司董事会议事 | | | 规则》的议案……….……………………………………………14 | 证券代码：601088 证券简称：中国神华 公告编号：临2025-041 中国神华能源股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 ...

Group 1 - The core point of the article is that China Shenhua (601088) announced the approval of its subsidiary's power expansion project, which includes the construction of two 1 million kilowatt ultra-supercritical coal-fired generating units [1] - The project is located in Chongqing and has received approval from the Chongqing Development and Reform Commission [1] - The total investment for the project is 6.655 billion yuan [1] Group 2 - The project will also include the construction of supporting facilities for desulfurization and denitrification [1] - The expansion aims to enhance the company's power generation capacity [1]

一、为提升重庆市电力保障能力，同意建设本项目。二、本项目单位为国能重庆万州电力有限责任公司，建设地点为重庆市万州区新田镇。三、 本项目建设2台100万千瓦超超临界燃煤发电机组，同步建设脱硫、脱硝等配套设施。四、本项目总投资为66.55亿元。其中，资本金19.97亿元、占 比30%，银行贷款46.58亿元、占比70%。五、本项目应符合国家节能要求，工程设计、建设及运行要满足国家生态环保标准，采取有效措施降低 能耗，提高效率，确保工程质量和安全。 （原标题：中国神华(601088.SH)：国能万州电厂二期扩建项目获得核准） 格隆汇8月19日丨中国神华(601088.SH)公布，公司所属神华神东电力有限责任公司拥有的全资子公司国能重庆万州电力有限责任公司二期2×100万 千瓦扩建项目（"本项目"）获得重庆市发展和改革委员会核准。核准批复文件（文号：渝发改能源〔2025〕1034号）主要内容如下： ...

Core Viewpoint - China Shenhua announced the approval of the Phase II expansion project of the Guoneng Chongqing Wanzhou Power Co., which includes the construction of two 1 million kilowatt ultra-supercritical coal-fired generating units [1] Investment Details - The total investment for the project is 6.655 billion yuan, with a capital contribution of 1.997 billion yuan, accounting for 30% of the total investment [1] - Bank loans amount to 4.658 billion yuan, representing 70% of the total investment [1] Project Specifications - The project will construct two 1 million kilowatt ultra-supercritical coal-fired generating units [1] - Supporting facilities for desulfurization and denitrification will be built simultaneously [1]

Core Viewpoint - The central theme of the news is the accelerated integration of industrial resources by state-owned enterprises (SOEs), exemplified by China Shenhua's acquisition of assets from its controlling shareholder, the State Energy Group, aimed at enhancing competitiveness and resolving industry competition issues [1][2]. Group 1: Acquisition Details - China Shenhua plans to acquire 13 subsidiaries from the State Energy Group, covering coal mining, coal chemical, and logistics services, with a total asset value of 258.36 billion yuan [1][2]. - The acquisition includes 100% equity of ten companies and partial stakes in two others, with the target assets expected to have a net asset value of 93.89 billion yuan by the end of 2024 [2]. - The projected revenue for the acquired assets in 2024 is 125.996 billion yuan, with a net profit of 8.005 billion yuan [2]. Group 2: Strategic Goals - The restructuring aims to achieve a strategic synergy effect, enhancing resource reserves, optimizing industrial layout, and improving overall competitiveness and risk resilience [1][3]. - The integration of upstream coal mining and downstream coal-to-oil and chemical platforms is expected to enhance the efficiency of energy utilization [3]. Group 3: Industry Context - The restructuring aligns with recent capital market reforms encouraging mergers and acquisitions among SOEs, with policies promoting industry consolidation [3]. - Despite ongoing consolidation efforts, over 40 SOEs still face issues of industry competition, indicating a need for further restructuring [3].

Group 1: Huanhong Company Acquisition - Huanhong Company is planning to acquire controlling interest in Shanghai Huali Microelectronics to resolve internal competition issues and improve operational efficiency [2][3] - The acquisition will be conducted through a combination of issuing shares and cash payments, and it is classified as a related party transaction without changing the actual controller [2][3] - The acquisition targets Huali Micro's operations at the Huanhong Five Factory, which has overlapping competition in 65/55nm and 40nm process nodes [3] Group 2: China Shenhua Acquisition - China Shenhua is set to acquire 100% equity of 13 companies from the State Energy Group to address overlapping business issues and enhance company quality [4][5] - The acquisition includes various energy and coal-related companies, and it aims to fulfill the agreement to avoid competition with its controlling shareholder [5] - The recent "Merger Six Guidelines" policy has accelerated the asset integration among state-owned enterprises, facilitating smoother mergers and acquisitions [5][6] Group 3: Industry Trends - The trend of state-owned enterprise integration has been accelerating, with significant mergers such as Guotai Junan and Haitong Securities, and China Shipbuilding's acquisition of China Shipbuilding Heavy Industry [6] - The total transaction amount for the China Shipbuilding merger reached 115.15 billion, setting a record for A-share mergers in nearly a decade [6] - Other state-owned enterprises, including Sinochem Equipment and Huadian International, are also planning major acquisition schemes [6]