Core Viewpoint - The report provides an independent verification of Huadian New Energy Group Co., Ltd.'s pre-investment of self-raised funds into fundraising projects, ensuring compliance with regulatory standards and reflecting the company's commitment to transparency and accountability [2][4][5]. Summary by Sections 1. Report Basis - The report is prepared in accordance with the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring that the pre-investment report is accurate and compliant with relevant guidelines [5]. 2. Fundraising Amount and Receipt Status - The company successfully issued 4,968,944,214 shares at a price of RMB 3.18 per share, raising a total of RMB 15,801,242,600.52. After deducting issuance costs, the actual amount received was RMB 15,688,233,691.30 [5][6]. 3. Planned Investment Projects - The fundraising will be allocated to four main project categories: "Wind and Solar Base Projects," "Local Load Center Projects," "New Power System Collaborative Development Projects," and "Green Ecological Civilization Collaborative Development Projects," with an estimated total investment of approximately RMB 18 billion [6][7]. 4. Pre-Investment of Self-Raised Funds - As of July 17, 2025, the company has pre-invested a total of RMB 1,559,187.31 million in various projects using self-raised funds before the actual fundraising was completed [9][10]. 5. Fund Replacement for Pre-Invested Projects - The company plans to use the raised funds to replace the self-raised funds previously invested in projects, with a total amount of RMB 1,559,187.31 million designated for this purpose [10][11]. 6. Other Matters - Additional costs incurred from the issuance, totaling RMB 209,369,531.47 (excluding VAT), will also be covered by the raised funds, ensuring that all financial obligations are met [14].