宁夏银星能源股份有限公司 第十届董事会第一次临时会议决议公告

Group 1 - The company held its first temporary board meeting of the tenth session on December 18, 2025, with all nine directors present, and the meeting was conducted via electronic voting [2][4]. - The board approved several proposals, including the performance assessment for 2024 and the annual salary payout for executives [3][5]. - The board also approved the adjustment of the company's organizational structure, resulting in nine functional departments [6][7]. Group 2 - The company approved the acquisition of a 50% stake in Ningxia Tianjing Shenzhou Wind Power Co., Ltd. for RMB 20.15275 million, with the final price subject to evaluation by the relevant state-owned asset authority [8][9]. - The acquisition was approved unanimously by the board, and it will not require shareholder approval [22][23]. - Following the acquisition, Tianjing Shenzhou will become a wholly-owned subsidiary of the company, and its financials will be consolidated into the company's reports [36][38]. Group 3 - The company plans to invest RMB 62.4 million in distributed photovoltaic projects in collaboration with three subsidiaries of its controlling shareholder, China Aluminum Corporation [42]. - The projects will have a capacity of 21.567 MWp, and the company will manage the design, investment, construction, operation, and maintenance of these projects [42][43]. - The expected internal rate of return for the projects is not less than 6.5%, and the energy savings will be shared over a period of 25 years [42][61].