华能澜沧江水电股份有限公司关于2024年度向特定对象发行A股股票结果暨股本变动公告

Core Viewpoint - Huaneng Lancang River Hydropower Co., Ltd. successfully completed a private placement of A-shares, raising approximately RMB 5.80 billion, with a total issuance of 631,094,257 shares at a price of RMB 9.23 per share [1][7][22]. Summary by Sections Issuance Overview - The company issued 631,094,257 shares at a price of RMB 9.23 per share, raising a total of RMB 5,824,999,992.11, with a net amount of RMB 5,803,125,714.35 after expenses [1][7]. - The issuance was approved by relevant regulatory bodies, including the China Securities Regulatory Commission and the Shanghai Stock Exchange [6][12]. Internal Decision-Making Process - The internal decision-making process included multiple board meetings and a shareholder meeting, where various proposals related to the issuance were approved [3][4]. - The company adjusted the total fundraising amount from RMB 6 billion to RMB 5.82 billion, with specific allocations for projects [5]. Fund Utilization and Impact - The raised funds will enhance the company's financial strength and debt repayment capacity, optimizing its capital structure [22]. - The investment projects funded by this issuance align with the company's main business and national industrial policies, expected to improve competitiveness and profitability [24]. Shareholder Changes - Prior to the issuance, the company had a total share capital of 18 billion shares, with Huaneng Group holding 50.40% of the shares. Post-issuance, Huaneng Group's stake was diluted to 48.69% [20][21]. - The issuance involved various institutional investors, with specific allocations and a six-month lock-up period for the shares [15][16]. Compliance and Legal Opinions - The issuance process adhered to legal and regulatory requirements, ensuring fairness and compliance in the selection of subscription objects [12][14]. - The legal opinions confirmed that the issuance was conducted in accordance with relevant laws and regulations, with no conflicts of interest reported [13][18].