Group 1 - The core viewpoint of the article is that YN Holdings has decided to abandon investments and acquisition opportunities in distributed photovoltaics, user-side energy storage, and charging pile projects due to a lack of competitive advantage and insufficient investment returns [2] - YN Holdings cited the National Development and Reform Commission's notice on promoting market-oriented pricing for renewable energy as a reason for this strategic shift [2] - The company aims to focus on large-scale development in the renewable energy sector, aligning with its operational status and future transformation plans [2] Group 2 - In related news, Haibo Sichuang reported a 22.66% year-on-year increase in revenue for the first half of 2025, with a net profit of 316 million yuan [3] - The user-side new energy storage projects saw a year-on-year increase of 9% in newly operational models, but a 41% decrease compared to the previous month, with the East China region holding the largest market share [3] - The National Energy Administration is promoting shared energy storage and renewable energy joint operations, exploring the establishment of a capacity compensation mechanism on the generation side [3]

Summary of Key Points Core Viewpoint - The financing activities of YN Holdings (豫能控股) indicate a positive sentiment among investors, as evidenced by the net buying in recent trading days and the increase in financing balance. Financing Activities - On August 27, 2025, YN Holdings had a financing buy-in of 45.89 million yuan and a financing repayment of 42.63 million yuan, resulting in a net financing buy of 3.27 million yuan. The financing balance stood at 251 million yuan, with a cumulative net buy of 10.20 million yuan over the last three trading days and 11 out of the last 20 trading days showing net buying [1][2][4]. Margin Trading - On the same day, the company experienced a short selling of 1,500 shares with no shares being repaid, leading to a net short selling of 1,500 shares and a remaining short selling balance of 8,745 yuan [3]. Financing and Margin Balance Changes - The total financing and margin balance reached 251 million yuan, reflecting an increase of 3.27 million yuan or 1.32% compared to the previous day [4]. Market Sentiment - An increase in financing balance suggests a bullish market sentiment, indicating that investors are leaning towards buying, while the short selling activity indicates a cautious approach from some market participants [5].

Core Viewpoint - Henan YN Holding Co., Ltd. has decided to abandon investments in incremental distributed photovoltaic, user-side energy storage (excluding energy storage integrated with source-network-load projects), and charging pile projects, while cautiously advancing existing projects based on actual conditions [1][2]. Group 1: Company Decisions - The company has repeatedly abandoned investment opportunities in related projects, having held shareholder meetings in 2021, 2023, and 2024 to approve the abandonment of commercial opportunities related to distributed photovoltaic, user-side energy storage, and charging pile projects [1]. - On August 26, 2025, the company held several meetings, including an independent director meeting and a board strategic committee meeting, to review the proposal to abandon investments and acquisition opportunities in competing projects [2]. Group 2: Reasons for Abandonment - The primary reason for the abandonment is to comply with the National Development and Reform Commission's requirements, which promote the participation of renewable energy in market transactions [2]. - The company indicated that the competitive advantages of distributed photovoltaic, user-side energy storage, and charging pile projects are not significant within its renewable energy business, failing to meet investment return expectations [2]. Group 3: Impact on Company - The company stated that this decision aligns with the interests of the listed company and will not have a significant impact on its financial status or operating results, aiming to focus on the large-scale development of renewable energy [2].

Meeting Information - The third extraordinary general meeting of shareholders for 2025 will be held on September 16, 2025, at 15:00 [1] - The meeting will be conducted both in-person and via online voting through the Shenzhen Stock Exchange [1] - The record date for shareholders to attend the meeting is September 10, 2025 [2] Attendance and Voting - All ordinary shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the record date are entitled to attend the meeting [2] - Shareholders can appoint a proxy to attend and vote on their behalf, and the proxy does not need to be a shareholder [2] - The meeting will take place at the conference room 2507, Investment Building A, No. 41, Agricultural Road East, Zhengzhou [2] Agenda Items - The meeting will review several proposals, including: - Changing the registered address, abolishing the supervisory board, and adjusting the special committees [2] - Abandoning investment and acquisition opportunities in distributed photovoltaic, user-side energy storage, and charging pile projects to avoid competition [2] - Incorporating the cumulative voting system implementation details into the company’s articles of association and abolishing the previous implementation details [2][3] Voting Procedures - Proposal 1 requires individual voting on sub-proposals, with special resolutions needing approval from over two-thirds of the voting rights present [3] - Related party shareholders, specifically Henan Investment Group Co., Ltd., must abstain from voting on related party transactions [3] Registration and Contact Information - Shareholders can register in person or via phone/fax from September 11, 2025, between 8:00-12:00 and 15:00-17:30 [4] - Registration requires identification and relevant documentation depending on the type of shareholder [4] - Contact address for registration is the same as the meeting location [4] Online Voting - Shareholders can participate in online voting through the Shenzhen Stock Exchange trading system and internet voting system [4][6] - Detailed procedures for online voting are provided in the attached documents [6]

Transaction Overview - Henan YN Holdings plans to repurchase 6.17% equity of Henan Coal Storage and Distribution Trading Center from National Development Fund for a total price of 50 million yuan [1][2][5] - The investment contract stipulates that the investment period is 10 years, starting from the completion date of the capital increase [1][5] - After the repurchase, Henan Coal Storage and Distribution Trading Center will become a wholly-owned subsidiary of Henan YN Holdings [7] Financial Impact - The total assets of Henan Coal Storage and Distribution Trading Center as of June 30, 2025, are approximately 4.636 billion yuan, with total liabilities of about 4.868 billion yuan, resulting in a net asset deficit of approximately 231.56 million yuan [4] - The company's revenue for the first half of 2025 is reported at approximately 341.80 million yuan, with a net loss of about 130.17 million yuan [4] - The repurchase will be funded entirely from the company's own or self-raised funds, which will not significantly impact the company's financial and operational status [7] Shareholding Structure - Before the repurchase, Henan YN Holdings held 93.83% of Henan Coal Storage and Distribution Trading Center, with a registered capital of 81.0155 million yuan [3][6] - After the repurchase, Henan YN Holdings will hold 100% of the equity in Henan Coal Storage and Distribution Trading Center, increasing its registered capital to 81.0155 million yuan [6][7]

证券代码：001896 证券简称：豫能控股 公告编号：临 2025-41 河南豫能控股股份有限公司 第九届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1.河南豫能控股股份有限公司（以下简称"公司"）第九届董事会第二十六 次会议召开通知于 2025 年 8 月 15 日以书面形式发出。 2.2025 年 8 月 26 日会议在郑州市农业路东 41 号投资大厦 A 座 2507 会议室 以现场表决方式召开。 3.本次会议应出席会议董事 7 人，董事长余德忠，董事李军、王璞、贾伟东 和独立董事史建庄、叶建华、赵剑英共 7 人出席了会议。 4.会议由董事长余德忠主持。列席本次会议的有：监事会主席采连革，监事 周银辉、种煜晖、韩献会、毕瑞婕，副总经理刘中显、郝笑辰，总会计师王萍， 董事会秘书李琳，证券事务代表魏强龙。 5.本次会议的召集、召开和出席会议人数均符合《中华人民共和国公司法》 （以下简称《公司法》）等有关法律、行政法规、部门规章、规范性文件和《公 司章程》的规定。 二、董事会会议审议情况 （一）审议通过 ...

证券代码：001896 证券简称：豫能控股 公告编号：临 2025-44 河南豫能控股股份有限公司 关于回购国开基金持有豫煤交易中心股权的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 河南豫能控股股份有限公司（以下简称"公司""豫能控股"）于 2025 年 8 月 26 日召开第九届董事会第二十六次会议，会议审议通过了《关于回购国开 基金持有豫煤交易中心股权的议案》，现就相关事项公告如下： 一、交易概述 2015 年 10 月 30 日公司董事会召开 2015 年第 7 次临时会议，审议通过《关 于与国开投资基金有限公司共同投资河南煤炭储配交易中心有限公司的议案》， 国开发展基金有限公司（以下简称"国开发展基金"）对河南省内符合条件的投 资项目给予资本金支持，河南煤炭储配交易中心有限公司（以下简称"豫煤交易 中心"）鹤壁物流园项目被列入支持范围，国开发展基金同意对豫煤交易中心出 资 5000 万元。国开发展基金、豫能控股、豫煤交易中心三方签署国开发展基金 投资合同。合同约定国开发展基金对豫煤交易中心的投资期限为增资完成日之日 起 10 年（以下简称"投 ...

河南豫能控股股份有限公司 独立董事工作制度 （2025年8月修订） 第一章 总 则 第一条 为规范河南豫能控股股份有限公司（以下简称"公司"）独立董事 行为，充分发挥独立董事在公司治理中的作用，促进公司独立董事尽责履职，提 高公司质量，依据《中华人民共和国公司法》《上市公司独立董事管理办法》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律 法规、规范性文件以及《公司章程》的规定，制定本制度。 第二条 本制度所称独立董事，是指不在公司担任除董事外的其他职务，并 与公司及公司主要股东、实际控制人不存在直接或者间接利害关系，或者其他可 能影响其进行独立客观判断关系的董事。 独立董事独立履行职责，不受公司及公司主要股东、实际控制人等单位或个 人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、深圳证 券交易所（以下简称"深交所"）业务规则和《公司章程》的规定，认真履行职 责，在董事会中发挥参与决策、监督制衡、专业咨询作用，维护公司整体利益， 保护中小股东合法权益。 第四条 公司独立董事占董事会成 ...

（2025 年 8 月修订） 第一章 总则 第一条 为规范河南豫能控股股份有限公司（以下简称"公司"）行为，提高 股东会议事效率，维护全体股东的合法权益，保证股东会依法行使职权，保证股 东会会议程序及决议的合法性，根据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股东会规 则》《河南豫能控股股份有限公司章程》（以下简称"公司章程"）等规定，制定 本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。公司应 当严格按照法律、行政法规、公司章程及本规则的相关规定召集、召开股东会， 保证股东依法行使权利。 河南豫能控股股份有限公司 股东会议事规则 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 法律、行政法规、公司股票上市地证券监管规则和《公司章程》规定应当由 股东会决定的事项，必须由股东会对该等事项进行审议，以保障公司股东对该等 事项的决策权。 在必要、合理的情况下，对于与所决议事项有关的、无法在股东会的 ...

河南豫能控股股份有限公司 总经理工作细则 （2025 年 8 月修订） 第一章 总 则 第一条 为更好地发挥河南豫能控股股份有限公司（简称"公司"）高级管 理人员的作用，明确其职责、权限，规范其行为，根据《河南豫能控股股份有限 公司章程》（简称"公司章程"）和公司董事会赋予的职权和要求，特制定本细 则。 第二条 公司总经理由董事会聘任，主持公司日常生产经营和管理工作，组 织实施董事会决议，对董事会负责。 （一） 有《中华人民共和国公司法》第一百七十八条规定不得担任公司高 级管理人员相关情形的人员； （二） 被中国证监会采取证券市场禁入措施，且仍在禁入期间内的人员； （三） 被证券交易所公开认定为不适合担任上市公司董事、高级管理人员 等，期限未满的； 第二章 总经理任职条件 第三条 总经理任职资格应当具备下列条件： （一）具有较丰富的经济理论知识、管理知识及实践经验，具有较强的经 营管理能力； （二）具有调动员工积极性、建立合理的组织机构、协调各种内外关系和 统揽全局的能力； （三）具有一定年限的企业管理或经济工作经历，精通本行业、熟悉多种 行业的生产经营业务和掌握国家有关政策、法律、法规； （四）诚信勤勉、廉 ...