Core Viewpoint - The company has approved a real estate asset-backed special plan to enhance its asset utilization and promote sustainable operations in the wind power infrastructure sector [2][18]. Group 1: Meeting and Resolutions - The third board meeting of the company was held on November 19, 2025, with all 11 directors present, and the resolutions passed were deemed legally valid [1][3]. - The board approved the implementation of a real estate asset-backed special plan, involving the company's subsidiary, Beijing Jieyuan New Energy Investment Co., Ltd., and its project in Shaanxi [2][6]. Group 2: Project Implementation Progress - The company initiated the asset-backed special plan on September 25, 2025, and has since submitted the plan to the Shanghai Stock Exchange for acceptance [6][7]. - The special plan will utilize the Shaanxi Jingbian Ningtiaoliang Wind Farm project as the underlying asset, which has a total installed capacity of 150 MW [8]. Group 3: Financial Arrangements - The plan includes financial arrangements such as factoring financing cooperation to manage uncertainties related to government subsidy payments [9]. - The original equity holder, Beijing Jieyuan, will provide liquidity support and construction project loan support to ensure the project's smooth operation [10][13]. Group 4: Impact on the Company - The implementation of the asset-backed special plan is expected to activate existing assets and unlock their potential value, contributing to a positive investment cycle in the wind power sector [18].