海外監管公告 本公告由中國廣核電力股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則第13.10B條作出。 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依 賴該等內容而引致的任何損失承擔任何責任。 CGN Power Co., Ltd.* 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 以下為本公司於深圳證券交易所網站發佈之《中國廣核電力股份有限公司關於「廣 核轉債」開始轉股的提示性公告》，僅供參閱。 承董事會命 中國廣核電力股份有限公司 尹恩剛 財務總監、聯席公司秘書及董事會秘書 中國，2026年1月12日 证券代码：003816 证券简称：中国广核 公告编号：2026-002 债券代码：127110 债券简称：广核转债 中国广核电力股份有限公司 於本公告日期，本公司董事會成員包括執行董事為龐松濤先生；非執行董事為楊 長利先生、李歷女士、馮堅先生及劉煥冰先生；獨立非執行董事為王鳴峰先生、 李馥友先生及徐華女士。 * 僅供識別 关 ...

Core Viewpoint - China General Nuclear Power (01816.HK) announced that its A-share convertible bonds can be converted into A-share stocks starting from January 15, 2026 [1] Group 1 - The company is issuing A-share convertible bonds to unspecified investors [1] - The announcement is in accordance with relevant regulations and the prospectus for the issuance of A-share convertible bonds [1]

Core Viewpoint - China General Nuclear Power (01816) announced that its A-share convertible bonds will be convertible into A-share stocks starting from January 15, 2026 [1] Group 1 - The company has issued a notice regarding its A-share convertible bonds [1] - The issuance is in accordance with relevant regulations and the prospectus for the public offering of A-share convertible bonds [1] - The conversion feature allows investors to convert their bonds into equity, potentially enhancing liquidity and investment appeal [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN Power, 01816) announced that its A-share convertible bonds will be convertible into A-share stocks starting from January 15, 2026 [1] Group 1 - The announcement pertains to the issuance of A-share convertible bonds by the company [1] - The convertible bonds are issued to unspecified investors according to relevant regulations [1] - The conversion feature allows bondholders to convert their bonds into equity, potentially impacting the company's capital structure [1]

债券代码：127110 债券简称：广核转债 中国广核电力股份有限公司 关于"广核转债"开始转股的提示性公告 公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 证券代码：003816 证券简称：中国广核 公告编号：2026-002 特别提示： 一、公司可转债基本情况 （一）可转换公司债券发行情况 经中国证监会《关于同意中国广核电力股份有限公司向不特定对象发行可转 换公司债券注册的批复》（证监许可〔2025〕479 号）同意注册，并经深圳证券 交易所（以下简称"深交所"）同意，中国广核电力股份有限公司（以下简称"本 公司"或"公司"）于 2025 年 7 月 9 日向不特定对象发行了 49,000,000 张 A 股 可转换公司债券，每张面值 100 元，募集资金总额人民币 490,000.00 万元。 （二）可转换公司债券上市情况 经深交所同意，公司 49,000,000 张 A 股可转换公司债券于 2025 年 7 月 25 日起在深交所挂牌交易，债券简称"广核转债"，债券代码"127110"。 （三）可转换公司债券转股期限 1. 证券代码：003816 证券简 ...

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依 賴該等內容而引致的任何損失承擔任何責任。 CGN Power Co., Ltd.* 財務總監、聯席公司秘書及董事會秘書 中國，2026年1月12日 關於A股可轉換公司債券開始轉股的公告 茲提述中國廣核電力股份有限公司（「本公司」）日期為2024年6月21日的公告、日 期為2024年7月5日的通函、日期為2024年8月8日、2025年7月6日的公告和公司 日期為今日的海外監管公告，內容有關A股可轉換公司債券（「A股可轉債」）。 根據相關規定和公司向不特定對象發行A股可轉債募集說明書的有關規定，A股可 轉債自2026年1月15日起可轉換為公司A股股票。 承董事會命 中國廣核電力股份有限公司 尹恩剛 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 於本公告日期，本公司董事會成員包括執行董事為龐松濤先生；非執行董事為楊 長利先生、李歷女士、馮堅先生及劉煥冰先生；獨立非執行董事為王鳴峰先生、 李馥友先生及徐華 ...

Investment Rating - The report maintains a positive outlook on the industry, indicating a "Look Favorably" investment rating [1]. Core Insights - The report highlights the release of the "Comprehensive Solid Waste Management Action Plan," which aims to enhance solid waste management and promote a circular economy by 2030, targeting a comprehensive utilization of 4.5 billion tons of major solid waste and 510 million tons of recyclable resources annually [2][6][8]. - Global natural gas prices have generally declined, influenced by mild weather conditions, with significant drops in prices across various markets, including a 28.24% decrease in the US Henry Hub spot price [11][12][18]. - The hydrogen energy sector is evolving towards becoming a key regulator in the power grid, with initiatives to integrate clean hydrogen production and utilization into microgrid systems, enhancing energy storage capabilities [35][37]. Summary by Sections 1. Environmental Protection - The "Comprehensive Solid Waste Management Action Plan" aims for significant improvements in solid waste management by 2030, with specific targets for waste recycling and resource utilization [2][6]. - The plan emphasizes the need for a circular economy that does not rely on subsidies, focusing on industrial collaboration and technological innovation to create a sustainable waste management system [7][8]. 2. Natural Gas - Natural gas prices have seen a significant decline, with the US Henry Hub spot price at $2.87/mmBtu, reflecting a 28.24% week-over-week drop [11][12]. - The report notes that the demand for natural gas is expected to remain weak in Northeast Asia, contributing to a slight decrease in LNG prices [11][30]. - Recommendations include focusing on integrated natural gas companies that are expected to benefit from cost reductions and improved profitability [32]. 3. Hydrogen Energy - The report discusses the strategic positioning of hydrogen energy as a flexible load regulator within the power grid, highlighting its potential to enhance energy storage and consumption efficiency [35][37]. - It emphasizes the importance of hydrogen energy in achieving energy security and autonomy, recommending companies involved in hydrogen production [35][37]. 4. Weekly Market Review - The report indicates that the electricity equipment, gas, and environmental protection sectors outperformed the Shanghai and Shenzhen 300 index during the review period [38]. 5. Company and Industry Dynamics - The report outlines significant developments in the renewable energy sector, including the establishment of national zero-carbon parks and the increase in green electricity trading volumes, which are expected to enhance market opportunities for leading companies in the sector [44][48].

Core Viewpoint - The "2025 China Enterprise ESG Top 100" list has been released by Sina Finance, highlighting the importance of ESG (Environmental, Social, and Governance) as a core measure of high-quality corporate development and a key link between corporate value and social value [1][12]. Industry Context - The global trend towards sustainable development has made ESG a critical component of corporate competitiveness, with increasing regulatory scrutiny and market focus on ESG performance [1][12]. - The ESG ecosystem in China is rapidly improving, with a growing emphasis on sustainable development capabilities as a vital part of corporate strategy [1][12]. ESG Rating System - The "2025 China Enterprise ESG Top 100" list evaluates over 5,000 A-share listed companies and mainland companies listed in Hong Kong, utilizing 18 industry-specific ESG evaluation models and over 150 ESG indicators for a comprehensive assessment [1][12]. - The list serves as a benchmark for industry development and provides valuable decision-making references for investors [1][12]. Recognition of Companies - China General Nuclear Power Corporation (CGN) has been recognized for its outstanding ESG performance, ranking 10th on the list [2][12]. - The publication of the list is seen as an authoritative acknowledgment of the sustainable development practices of the listed companies, promoting the core values of ESG across the industry [2][12]. Call to Action - Companies are encouraged to adopt the best practices of the top 100 firms, integrating ESG principles into their strategic planning, operations, and supply chain collaboration to achieve a balance between commercial and social value [2][12].

Core Viewpoint - The report highlights the growth of China's nuclear power generation, indicating a positive trend in the industry with significant year-on-year increases in output [1]. Group 1: Industry Overview - In November 2025, China's nuclear power generation reached 39.8 billion kilowatt-hours, representing a year-on-year growth of 4.7% [1]. - From January to November 2025, the cumulative nuclear power generation in China was 436.56 billion kilowatt-hours, showing an 8.1% increase compared to the previous year [1]. Group 2: Companies Involved - Listed companies in the nuclear power sector include China General Nuclear Power (003816), China National Nuclear Power (601985), Sheneng Co., Ltd. (600642), Zhejiang Energy Power (600023), Hubei Energy (000883), Huaneng International (600011), Datang Power (601991), Jiangsu Guoxin (002608), China Nuclear Technology (000777), and Funiu Co., Ltd. (600483) [1]. Group 3: Market Research - The report titled "2026-2032 China Nuclear Power Industry Market Development Scale and Investment Opportunity Analysis" by Zhiyan Consulting provides insights into the market trends and investment opportunities in the nuclear power sector [1].

Investment Rating - The report suggests a "Buy" rating for several companies in the power sector, including Huaneng International, Huadian International, Guodian Power, and Datang Power, among others [9]. Core Insights - The National Energy Administration has released detailed regulations for green certificate management, which is expected to reshape market rules and enhance the trading price of green certificates by 2026 [2][14]. - The new regulations clarify that independent energy storage discharge will no longer be eligible for green certificate issuance, which may lead to a reduction in the overall circulation of green certificates and an increase in their trading prices [2][14]. - The guidelines for industrial microgrid construction require that new renewable energy generation in industrial parks must have a self-consumption ratio of at least 60% annually, promoting local production and consumption of green electricity [6][16]. Summary by Sections Green Certificate Regulations - The new regulations maintain the core measurement standard of issuing one green certificate for every 1,000 kWh of renewable energy generated [2][14]. - Independent energy storage discharge will not receive green certificates, and projects must measure generation and storage separately [2][17]. - From January 1, 2026, the production year of the electricity must match the consumption year for green certificate cancellation, changing the previous practice of purchasing historical certificates [2][17]. Industrial Microgrid Guidelines - The guidelines aim to enhance the capacity for local production and consumption of green electricity in industrial sectors [6][16]. - New renewable energy projects in industrial parks must achieve a minimum self-consumption ratio of 60% [6][16]. - The guidelines introduce a requirement for integrating various systems, including renewable energy generation and energy management technologies [6][16]. Market Performance - The report notes that the Shanghai Composite Index rose by 3.82% during the week of January 5-9, with the power and utilities sector index increasing by 2.4%, underperforming the broader market [66][67]. - The report highlights that most listed companies in the power and utilities sector experienced stock price increases during this period [66].