淮河能源关联交易、资金存放等财务事项披露：聚焦关键业务，洞察财务脉络

Core Viewpoint - Huaihe Energy Group Co., Ltd. conducted a detailed review and explanation of financial matters in response to the inquiry letter regarding the issuance of shares and cash payment for asset acquisition and related transactions, covering various aspects of the company's financial and operational status [1] Group 1: Related Transactions - The accountant analyzed the borrowing of funds and asset sales to related parties by the Electric Power Group, confirming that the funds borrowed were primarily used for daily operations, with reasonable interest rates and no non-operational fund occupation, and all principal and interest have been fully recovered [2] - The Electric Power Group sold assets of the Panji Power Plant to address competition issues, with asset pricing being reasonable and in line with contractual payment progress [2] Group 2: Fund Management - The Electric Power Group established a robust internal control system for funds deposited with the group's financial company, ensuring independence and security, with no non-operational fund occupation [3] - The deposit and loan amounts are aligned with interest income and expenses, and discrepancies in disclosed deposit balances are due to non-related party deposits not being included in related transactions [3] Group 3: Investment Income - Investment income for Huaihe Energy is aligned with the operational performance of subsidiaries, influenced by coal prices, and the acquisition of minority stakes complies with regulations [4] - Subsidiaries decide on dividends based on performance, with the listed company enhancing its dividend capacity to protect investor interests [4] Group 4: Fixed Assets and Construction in Progress - The changes in the original value of fixed assets are consistent with production capacity variations, and effective internal controls are in place for impairment testing [5] - Construction projects are progressing normally, with no premature or delayed transfers to fixed assets, and the impact of new depreciation on operations is expected to be minimal [5]