


Group 1 - The core transaction involves Hunan Energy Group Development Co., Ltd. issuing shares and paying cash to acquire 90% equity in Copper Bay Hydropower, 90% equity in Qingshui Pond Hydropower, 88% equity in Xiaoxi Hydropower, and 85% equity in Gaotan Hydropower, while also raising supporting funds from up to 35 qualified investors [7][15][16] - The total assessed value of the acquired assets is 151,244.52 million yuan, based on asset-based valuation methods [7][11] - The transaction is structured to ensure that the acquired assets align with the company's core business in the electric power and heat production and supply industry [8][9] Group 2 - The independent financial advisor, CITIC Securities, has confirmed that the transaction complies with relevant laws and regulations, and the disclosed information is accurate and complete [2][3] - The transaction is expected to enhance the company's operational capabilities and market position within the energy sector, leveraging synergies from the acquired hydropower assets [8][10] - The funding raised through the issuance of shares will be used for cash consideration in the transaction and to supplement working capital [15]