淮河能源收购电力集团89.30%股权，多项协同效应助力公司发展

Core Viewpoint - Huaihe Energy Group Co., Ltd. is undergoing a significant acquisition of 89.30% equity in a power group, which is expected to enhance its scale, reduce industry competition, and strengthen its core competitiveness [1] Group 1: Transaction Necessity and Synergy - The transaction is deemed necessary due to significant business synergy, as both the listed company and the target company primarily engage in thermal power generation, which will lead to enhanced operational efficiency [2] - The acquisition will help resolve industry competition issues by incorporating Huaihe Coal Power and Huaihe Electric Power into the listed company, thereby enhancing its core competitiveness [2] - The financial company within the group will provide various supports to the power group and its subsidiaries, aligning with the main business operations [2] Group 2: Business Operations and Competitiveness - The power group operates multiple thermal and photovoltaic power projects, demonstrating competitive advantages in power generation metrics compared to regional peers [3] - Despite rapid growth in renewable energy capacity, thermal power is expected to maintain high utilization hours, indicating low consumption risk for the power group [3] - The acquisition is projected to improve the operational quality of coal power business and facilitate the development of clean energy projects [3] Group 3: Asset Evaluation and Investor Protection - The asset-based valuation method was chosen as it aligns closely with the results from the income approach, which is considered reasonable and in line with industry practices [4] - The performance commitment scope of the transaction is comprehensive and complies with regulatory requirements, which is beneficial for protecting the rights of minority investors [4] - The overall assessment and arrangements related to the acquisition are deemed reasonable and supportive of the long-term development of the listed company [4]