Core Viewpoint - Guangdong Power Development Co., Ltd. has approved several capital increases to its subsidiaries to enhance equity, mitigate risks, and promote sustainable development [5][10][14]. Group 1: Board Meeting Details - The board meeting was held on August 5, 2025, in Guangzhou, with all 10 directors present [2][3]. - The meeting was chaired by Chairman Zheng Yunpeng, and the procedures complied with relevant laws and the company's articles of association [4]. Group 2: Capital Increase Resolutions - The board approved a capital increase of 567 million yuan to Zhanjiang Zhongyue Energy Co., Ltd. to optimize its capital structure and reduce interest expenses [5][6]. - A capital increase of 1.596 billion yuan was approved for Guangdong Yue Electric Shaoguan Power Plant Co., Ltd. for similar purposes [10][11]. - A capital increase of 660 million yuan was approved for Lincang Yue Electric Energy Co., Ltd. to enhance its operational sustainability [14][15]. Group 3: REITs Issuance Plan - The board approved a plan to issue an asset-backed special plan (similar to REITs) with a scale of up to 3.801 billion yuan, using Dongguan Ningzhou project as the underlying asset [18][26]. - The plan includes providing operational support of up to 4.3 billion yuan to the subsidiary involved in the project [26]. - The issuance aims to revitalize existing assets, improve capital structure, and ensure sustainable development [35].