Core Viewpoint - The company has announced a commitment to cash dividends for the years 2024 to 2026, ensuring a minimum payout based on net profit [1] Summary by Relevant Sections Dividend Policy - The company plans to distribute cash dividends of no less than 35% of the net profit attributable to shareholders each year from 2024 to 2026 [1] - The annual cash dividend amount will be at least 400 million RMB [1] - In cases where the net profit is insufficient, the company will utilize retained earnings from previous years to meet the dividend commitment [1] Commitment to Shareholders - The company emphasizes its dedication to returning value to shareholders and society [1] - The specific dividend distribution will be evaluated based on profitability, cash flow, and capital expenditure [1]

Core Viewpoint - China Yangtze Power Co., Ltd. (referred to as "Yangtze Power") announced that its controlling shareholder, China Three Gorges Corporation (referred to as "Three Gorges Group"), plans to increase its stake in the company through secondary market transactions within the next 12 months, with an investment amount between 4 billion and 8 billion yuan [1][3] Group 1 - The share buyback is based on Three Gorges Group's confidence in Yangtze Power's future development [3] - There is no set price range for the buyback, which will be conducted based on market conditions, with funding sourced from Three Gorges Group's own and self-raised funds [3] - Before the buyback, Three Gorges Group and its concerted parties hold a total of 12.865 billion shares in Yangtze Power, accounting for 52.58% of the total share capital, with Three Gorges Group holding 10.474 billion shares, or 42.81% of the total [3] Group 2 - Yangtze Power, established by Three Gorges Group, primarily engages in hydropower generation, investment financing, and pumped storage [3] - According to the preliminary performance report, Yangtze Power's revenue and profit increased year-on-year in the first half of the year, benefiting from a rise in power generation from six cascade power stations, with a net profit attributable to shareholders of 12.984 billion yuan, a year-on-year increase of 14.22% [3] - To further fulfill shareholder return commitments and establish a long-term win-win mechanism, Yangtze Power announced a five-year shareholder dividend plan, proposing to distribute cash dividends of no less than 70% of the annual net profit attributable to shareholders from 2026 to 2030, with annual distributions and potential mid-term distributions under certain conditions [3]