Core Viewpoint - The company intends to renew the "Technical Service Framework Agreement" with Beijing State-owned Assets Management Company to continue their transactions, which is crucial for maintaining ongoing business relationships and service provisions [1] Group 1: Agreement Details - The renewal agreement will be signed on October 31, 2025, and will be effective until December 31, 2028, covering electronic certification and other IT products and services provided by Beijing State-owned Assets Management Company [1] - The company will provide software development and other IT products and services to Beijing State-owned Assets Management Company under the renewed agreement, with the technical service amount not exceeding the annual cap set for related transactions [1] Group 2: Shareholding Structure - The company's controlling shareholder is Beijing Data Group, which holds approximately 48.30% of the issued share capital, and is fully owned by Beijing State-owned Assets Management Company [1] - Additionally, Beijing State-owned Assets Management Company, through its wholly-owned subsidiary, holds about 15% of the company's issued share capital, classifying it as a related party under the Listing Rules [1]

Core Viewpoint - China Shenhua Energy Co., Ltd. has announced its third-quarter financial report for 2025, highlighting significant operational and financial developments, including the acquisition of 100% equity in Hanjin Energy from China National Energy Group, which has been integrated into its financial statements. Financial Data Summary - The third-quarter financial report has not been audited [3] - The company completed the acquisition of Hanjin Energy on February 11, 2025, which is reflected in the financial statements [3] - The average selling cost of electricity for the group decreased by 8.0% year-on-year to RMB 327.5 per MWh [11] Shareholder Information - As of the report date, the total number of ordinary shareholders is 207,517, with the controlling shareholder, China National Energy Group, holding 69.58% of the company's issued shares [7] Operational Data - The company reported an increase in coal production costs, with direct production-related expenses accounting for approximately 69% of total costs [9] - The total installed capacity of the group's power generation units reached 48,681 MW, with coal-fired units accounting for 93.2% of the total [9][11] Related Party Transactions - The company has approved a framework agreement for continuous related party transactions with China National Railway Group for the years 2026 to 2028, which does not require shareholder approval [14] - The agreement aims to enhance transportation efficiency and reduce operational risks and costs [30] Internal Control Measures - The company has established comprehensive internal control systems to ensure fair pricing and terms for related party transactions, including a dedicated committee for oversight [33]

Core Viewpoint - The company has announced the signing of two contracts for the first batch of the recycled water supporting project, which involves engineering procurement contracts (EPC) for two segments, with a focus on ensuring compliance with relevant regulations and maintaining fair pricing principles [1][2][12]. Summary by Sections Contract Details - The first batch of Segment One contract involves the total engineering procurement for 25 sub-projects, with a service fee of RMB 16,117,443 (including tax), and a design fee of RMB 540,519 [3][5]. - The first batch of Segment Two contract covers 6 sub-projects, with a service fee of RMB 1,492,355 (including tax), and a design fee of RMB 50,048 [5][11]. Payment Terms - Payment for the first batch of Segment One will be made based on project milestones, including 30% upon budget review, 80% after completion, and the final 100% after project acceptance [4][9]. - Payment for the first batch of Segment Two follows a similar structure, with 30% upon budget review and subsequent payments based on project progress [6][10]. Regulatory Compliance - The transactions under both contracts are classified as continuing connected transactions, with applicable percentage rates exceeding 0.1% but below 5%, thus exempting them from independent shareholder approval [2][16]. - The company anticipates that the total payable amounts for both contracts will not exceed RMB 4.85 million for the fiscal year ending December 31, 2025, and RMB 9.65 million for the fiscal year ending December 31, 2026 [9][10]. Strategic Importance - The contracts align with the company's role in constructing and operating recycled water facilities in Tianjin, supporting municipal planning and policy compliance [11][12]. - The involved parties, including Cheng Investment Construction and Huamiao Planning, possess relevant experience in municipal infrastructure, ensuring quality standards for the project [12][13].