Core Viewpoint - The company plans to increase its capital investment in its wholly-owned subsidiary, Puding Power Company, by 1.334 billion yuan to support the construction of the Guizhou Energy Puding Power Plant project, which has a total investment of 6.67 billion yuan [1][2] Group 1: Investment Details - The capital increase of 1.334 billion yuan will be used for various project costs, including procurement of main equipment, EPC engineering costs, land acquisition, and other expenses [2] - The investment amount represents 12.8% of the company's most recent audited net assets, and does not require approval from the shareholders' meeting [2] Group 2: Project Overview - The Guizhou Energy Puding Power Plant project will consist of two 660MW high-efficiency supercritical coal-fired generating units, along with supporting facilities for flue gas dust removal, desulfurization, and denitrification [1] - The project has received necessary approvals from the Guizhou Provincial Energy Bureau and the Provincial State-owned Assets Supervision and Administration Commission [1] Group 3: Financial Status of Puding Power Company - As of June 30, 2025, Puding Power Company has total assets of 5.703 billion yuan, total liabilities of 4.706 billion yuan, and net assets of 999.7 million yuan, resulting in a debt-to-asset ratio of 82.51% [1] - For the first half of 2025, Puding Power Company reported revenue of 1.166 billion yuan and a net profit of 72.688 million yuan (unaudited) [1] Group 4: Company Strategy - The company focuses on integrated development in coal production, advanced coal power, and renewable energy generation, aiming to enhance energy security and clean energy supply capabilities [2] - The company plans to accelerate the development of renewable energy projects centered around the Panzhou and Anshun multi-energy complementary energy bases [2]

Group 1 - The company plans to increase its capital by 1.334 billion yuan to its wholly-owned subsidiary, Puding Power Company, to meet project construction needs, adhering to a minimum requirement of 20% project capital [2] - The total investment for the Guizhou Energy Puding Power Plant project is 6.67 billion yuan, which includes the construction of two 660MW high-efficiency supercritical coal-fired generating units and associated pollution control facilities, with a planned construction period of 25 months [2] - As of June 30, 2025, Puding Power Company has total assets of 5.703 billion yuan, total liabilities of 4.706 billion yuan, and a net asset of 999.7 million yuan, resulting in a debt-to-asset ratio of 82.51% [2] Group 2 - The capital increase will primarily fund the construction of the Guizhou Energy Puding Power Plant, covering major equipment procurement, EPC engineering costs, land acquisition, and other expenses, with any surplus funds potentially allocated to other core investment projects [3] - The company operates as a comprehensive energy enterprise focused on coal production, advanced coal-electricity integration, and new energy generation, with business activities primarily in the coal and electricity sectors [3] - The investment amount represents 12.8% of the company's most recent audited net assets and does not require approval from the shareholders' meeting [3]