此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商、銀行經理、律 師、專業會計師或其他專業顧問。 閣下如已將名下的大唐國際發電股份有限公司的股份全部售出或轉讓，應立即將本通函送交買主或承讓人 或經手買賣或轉讓的銀行、持牌證券交易商或其他代理商，以便轉交買主或承讓人。 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通函內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示不會就本通函全部或任何部分內容或因依賴該等內容而引致的任何損失承擔任 何責任。 00991 主要交易 及 持續關連交易 2025年金融服務協議 獨立董事委員會及獨立股東之獨立財務顧問 Trinity Corporate Finance Limited 本封面頁所用詞彙與本通函「釋義」一節所界定者具有相同涵義。董事會函件載於本通函第4頁至第14頁。 獨立董事委員會函件載於本通函第15頁至第16頁。獨立財務顧問向獨立董事委員會及獨立股東提供意見 之函件載於本通函第17頁至第30頁。 2025年10月10日 | 釋義 | | | 1 | | --- | --- | --- | --- | | ...

Group 1 - The National Development and Reform Commission has made significant progress in the relocation of non-capital functions from Beijing, with key projects being implemented in Xiong'an New Area [1] - Four universities, including Beijing Jiaotong University and Beijing University of Science and Technology, are accelerating the construction of their campuses in Xiong'an, while five other universities have confirmed their site selections and are preparing overall planning [1] - Major hospitals, such as Peking University People's Hospital and Peking Union Medical College Hospital, are advancing their construction in Xiong'an, with several hospitals having confirmed their site selections and are working on preliminary research reports [1] Group 2 - Several central enterprises, including China Star Network and China National Chemical Corporation, have established their headquarters in Xiong'an, with operations stabilizing [2] - China Huaneng and China National Chemical Corporation officially moved to Xiong'an on October 9, 2023, while the main structure of the China Mineral headquarters project has been capped [2] - The National Development and Reform Commission will continue to promote the implementation of subsequent relocation projects and improve municipal and public service facilities in Xiong'an, ensuring that relocated personnel can settle and thrive in the area [2]

Core Insights - The National Development and Reform Commission (NDRC) is actively promoting the relocation of non-capital functions from Beijing to Xiong'an New Area, achieving significant progress in landmark projects [1][2] Group 1: Education Sector - Four universities, including Beijing Jiaotong University and Beijing University of Science and Technology, are accelerating the construction of their campuses in Xiong'an [1] - Five additional universities have confirmed land for their campuses and are currently developing overall planning and construction schemes [1] Group 2: Healthcare Sector - Beijing University People's Hospital's Xiong'an branch is advancing its main structure construction [1] - The construction of Peking Union Medical College's National Medical Center in Xiong'an commenced on September 29, 2023 [1] - Several hospitals have confirmed land for their Xiong'an branches and are progressing with preliminary work such as feasibility studies [1] Group 3: State-Owned Enterprises - China Star Network and four affiliated companies are set to move to Xiong'an by October 2024, with stable operations already in place [1] - China Sinochem and China Huaneng officially relocated their headquarters to Xiong'an on October 9, 2023 [1] - The main structure of the China Mineral Headquarters project has been completed, and several other state-owned enterprises are accelerating project design after confirming land [1] Group 4: Future Plans - The NDRC and relevant authorities will continue to promote the implementation of subsequent relocation projects, enhancing municipal and public service facilities in Xiong'an [2] - Policies supporting housing, talent, education, and healthcare will be detailed to ensure relocated personnel can settle and thrive in Xiong'an [2]

公告 延遲寄發有關 2025 年金融服務協議的通函 茲提述大唐國際發電股份有限公司（「本公司」）日期為2025年8月28日有關2025金融服務 協議的公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者具有相同 涵義。 誠如該公告所披露，本公司預期將於2025年10月9日或之前向股東寄發一份通函，當中 載有（其中包括）2025年金融服務協議之詳情、獨立董事委員會函件及獨立財務顧問函 件（均就2025年金融服務協議項下提供存款服務之條款提供意見）（「該通函」）。 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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對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。 00991 承董事會命 孫延文 聯席公司秘書 中國，北京，2025年10月9日 於本公告日，本公司董事為： 李凱、蔣建華、龐曉晉、馬繼憲、朱梅、王劍峰、趙獻國、李忠猛、韓放、金生祥、 宗文龍*、趙毅*、尤勇*、潘坤華*、謝秋野*。 * 獨立非執行董事 由於本公司需要更多時間編製載入該通函的資料，該通函的寄發日期預期將延遲至2025 ...

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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對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。 公告 延遲寄發有關 2025 年金融服務協議的通函 00991 誠如該公告所披露，本公司預期將於2025年10月9日或之前向股東寄發一份通函，當中 載有（其中包括）2025年金融服務協議之詳情、獨立董事委員會函件及獨立財務顧問函 件（均就2025年金融服務協議項下提供存款服務之條款提供意見）（「該通函」）。 由於本公司需要更多時間編製載入該通函的資料，該通函的寄發日期預期將延遲至2025 年10月13日或之前。 承董事會命 孫延文 聯席公司秘書 中國，北京，2025年10月9日 於本公告日，本公司董事為： * 獨立非執行董事 茲提述大唐國際發電股份有限公司（「本公司」）日期為2025年8月28日有關2025金融服務 協議的公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者具有相同 涵義。 李凱、蔣建華、龐曉晉、馬繼憲、朱梅、王劍峰、趙獻國、李忠猛、韓放、金生祥、 宗文龍*、趙毅*、尤勇* ...

Group 1 - Power stocks have rebounded today, with notable increases in share prices for companies such as China General Nuclear Power (up 4.76% to HKD 3.08), Datang International Power Generation (up 3.96% to HKD 2.36), Huaneng International Power (up 3.89% to HKD 5.61), and Longyuan Power (up 3.65% to HKD 8.53) [1] - On September 25, the State-owned Assets Supervision and Administration Commission (SASAC) held a meeting focusing on stabilizing electricity prices, coal prices, and preventing "involution" competition [1] - Guosen Securities predicts that the downward pressure on electricity prices will ease as the most challenging period is coming to an end, with a comprehensive marketization of green electricity gradually releasing price risks [1] Group 2 - GF Securities notes that while there are significant differences regarding the long-term contract electricity prices for 2025, expectations for stable electricity prices are strengthening [2] - The focus is shifting towards the proportion of long-term contract electricity, with thermal power companies now prioritizing efficiency and revenue per kilowatt-hour rather than merely increasing generation volume [2] - Current dividend yields for Huaneng International and Huadian International are close to 8% in the Hong Kong market, while Sheneng shares and Inner Mongolia Huadian have yields near 6% in the A-share market, enhancing the low volatility dividend attributes under stable electricity prices [2]

Investment Rating - The industry investment rating is "Positive" and is maintained [11] Core Viewpoints - The report indicates that while electricity prices and volumes continued to decline in the third quarter, the significant drop in coal prices is expected to lead to positive performance for thermal power operators in northern and parts of eastern and central China [2][6] - Hydropower performance is anticipated to be limited due to weak electricity generation during the main flood season, with a year-on-year decrease of 9.95% in hydropower generation from July to August [7][35] - Nuclear power generation is expected to grow steadily, but performance may vary by province due to differing impacts from declining electricity prices [7][36] - Clean energy utilization hours have decreased nationally, but regions like Fujian, Shanghai, and Guangdong have shown recovery in wind energy utilization hours, leading to strong performance from certain regional new energy operators [8][43] Summary by Sections Thermal Power - The three core factors affecting thermal power profitability are coal prices, electricity prices, and utilization hours. Despite a general decline in electricity prices across provinces, coal prices have significantly decreased, with the average coal price in Qinhuangdao dropping by 175.63 yuan/ton year-on-year [6][20] - The comprehensive coal price drop is expected to reduce thermal power fuel costs by approximately 0.035 yuan/kWh year-on-year, supporting continued improvement in thermal power operations, especially in northern and eastern provinces [6][32] Hydropower - Hydropower generation faced a year-on-year decline of 9.95% due to high base effects and uneven rainfall distribution. However, improved water inflow in September is expected to alleviate some pressure on hydropower performance [7][35] - Major hydropower companies are expected to manage water reservoir operations effectively to mitigate fluctuations in water inflow [35] Nuclear Power - Nuclear power generation is projected to grow by 7.09% year-on-year, supported by increased installed capacity and stable maintenance schedules. However, market price fluctuations may impact performance differently across operators [36][7] Clean Energy - Wind and solar power generation saw significant year-on-year growth of 11.85% and 22.09%, respectively, but utilization hours have decreased. Regional disparities exist, with eastern coastal provinces showing improved wind energy utilization [8][43] - Despite high growth in installed capacity, the overall performance of new energy operators may face pressure due to rising costs and weak electricity prices, although some regional operators are expected to perform well [8][43] Investment Recommendations - The report recommends focusing on quality thermal power operators such as Huaneng International, Datang Power, and Guodian Power, as well as major hydropower companies like Yangtze Power and State Power Investment Corporation. For new energy, it suggests companies like Longyuan Power and China Nuclear Power [9][54]

FF301 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 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00991 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,110,621,398 | RMB | | 1 RMB | | 6,110,621,398 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 6,110,621,398 | RMB | | 1 RMB | | 6,110,621,398 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | - ...

证券代码：601991 证券简称：大唐发电 公告编号：2025-046 大唐国际发电股份有限公司 董事会决议公告 特别提示 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。 大唐国际发电股份有限公司（"大唐国际"或"公司"）第十二届四次董事会于2025年9月29日（星期一） 以书面形式召开。会议应到董事15名，实到董事15名。会议的召开符合《中华人民共和国公司法》 （"《公司法》"）和《大唐国际发电股份有限公司章程》（"《公司章程》"）的规定，会议合法有效。 会议审议并一致通过如下决议： 一、审议通过《关于调整公司联席公司秘书的议案》 表决结果：有权表决票数15票，15票同意，0票反对，0票弃权 1.同意委任朱卓婷女士为大唐国际联席公司秘书，协助公司总会计师、董事会秘书、联席公司秘书孙延 文先生履行其公司秘书职责。（简历见本公告附件） 2.同意不再聘任严洛钧先生为公司联席公司秘书。严洛钧先生卸任之日为本次董事会审议批准之日。严 洛钧先生确认其与公司董事会并无意见分歧，亦无任何需提请公司股东关注的事项。公司董事会对严洛 钧先 ...

Core Viewpoint - 大唐国际发电股份有限公司 is transitioning from a traditional large thermal power company to a comprehensive energy company with multiple energy sources, focusing on green transformation and high-quality development during the "14th Five-Year Plan" period [1] Group 1: Business Performance - In 2023, 大唐发电 achieved a turnaround from loss to profit, with historical highs in both revenue and operating profit expected in 2024 [2] - By the first half of 2025, the total profit reached 7.284 billion yuan, a year-on-year increase of 36.14%, with significant contributions from the coal and wind power sectors [3] Group 2: Energy Transition and Development - The company is actively developing wind and solar energy projects, exploring new industries such as pumped storage and hydrogen energy, and optimizing its energy structure [4] - As of mid-2025, clean energy installations accounted for 40.87% of the total capacity, with a total installed capacity of 80,889.68 MW [3] Group 3: Digital Transformation - The company is accelerating its digital transformation, implementing smart management systems in wind farms and utilizing VR training systems for employee skill development [5][6] - The establishment of a centralized control center for renewable energy is underway, enhancing operational efficiency and reducing the need for on-site personnel [6] Group 4: Strategic Projects and Initiatives - During the "14th Five-Year Plan," the company has successfully completed key supply tasks, contributing significantly to the energy supply for the capital [7] - Major projects include the 2 million kW renewable energy delivery project in Inner Mongolia, which is expected to produce over 4.1 billion kWh of green electricity annually [7][8] - The company is also focusing on large-scale wind and solar base development, offshore wind power, and new business models to increase the proportion of clean energy installations [8]