Core Viewpoint - Shenzhen Green Exchange and Global Capital Group's Global Green have signed a collaboration for the development of national methodologies for carbon emissions rights in China, focusing on four key sectors: energy, agriculture, construction, and fuel volatility emissions [1][4]. Group 1: Methodology and Market Impact - Methodology serves as the foundational rule for the carbon market, facilitating the release of carbon asset value through technological innovation and industry collaboration, which accelerates low-carbon transformation and creates sustainable green revenue for enterprises [3]. - The application of carbon reduction methodologies has significant economic impacts on related industries, with energy sector projects based on methodologies generating over hundreds of billions in industrial value globally [3]. - The construction methodology being developed is expected to activate domestic green building materials and smart construction industries, with a potential market size reaching trillions [3]. Group 2: Collaboration Details - The collaboration will establish a professional team to complete multiple national methodologies and accompanying preparation instructions, focusing on various industries including automotive, battery, construction, energy, photovoltaic, wind power, and more [4]. - The partnership signifies a deep integration in carbon credit development and low-carbon technology, concentrating on data research, model building, and industry adaptability studies to provide replicable emission reduction pathways [4].

Core Points - The stock price of China Energy Wind Power (601016) closed at 2.94 yuan on June 13, 2025, down 0.34% from the previous week [1] - The company has a total market capitalization of 19.032 billion yuan, ranking 29th in the power sector and 815th among all A-shares [1] Company Announcements - China Energy Wind Power will hold the first bondholders meeting for "Energy Convertible Bonds" from June 11 to June 17, 2025, using a simplified online procedure [1] - The company announced a cash dividend of 0.074 yuan per A-share, with a total distribution of approximately 479.03 million yuan based on the total share capital of 6,473,390,050 shares [1][2] - The conversion price for "Energy Convertible Bonds" will be adjusted from 3.44 yuan to 3.37 yuan per share, effective June 18, 2025 [2] - The maximum repurchase price for shares will be adjusted from 4.44 yuan to 4.37 yuan per share, also effective June 18, 2025 [2]

Core Insights - The Cambodian Development Council (CDC) reported that 290 investment projects were approved in the first five months of this year, with a total investment amount of $4.2 billion, indicating a strong foreign investment trend in Cambodia [1] - China remains the largest source of foreign investment, accounting for 62% of the total investment amount [1] - The number of approved investment projects increased by 90% year-on-year, while the investment amount grew by 52% year-on-year [1] Investment Breakdown - In May alone, the CDC approved 59 projects with an investment amount of $820 million, expected to create approximately 44,000 jobs [1] - Chinese investments accounted for 84.8% of the investment amount in May, maintaining its position as the top source of investment [1] - Local Cambodian enterprises contributed 8.9%, while Singapore accounted for 3.4%, Samoa 1.7%, and South Korea 1% in May [1] Key Projects - Notable projects include a 150 MW wind power plant by Hong Kong Oasis Power Energy Development Co. in Mondulkiri Province, with an investment of $210 million, expected to create 144 jobs [1] - A tire manufacturing plant located in the New Bay Economic Zone in Tbong Khmum Province, with an investment of $240 million [1] Regional Distribution - Tbong Khmum Province leads with 19 projects, followed by Siem Reap Province with 15 projects, and other provinces such as Takeo, Kratie, Phnom Penh, and Sihanoukville with fewer projects [2]

Summary of Key Points Core Viewpoint - The company announced the suspension and subsequent resumption of convertible bond conversion due to the implementation of the 2024 annual profit distribution plan, with adjustments to the conversion price and cash dividend per share [1] Group 1: Convertible Bonds - The convertible bonds will be suspended from June 11 to June 17, 2025, and will resume conversion on June 18, 2025 [1] - The pre-adjustment conversion price was set at 3.44 CNY per share, which will be adjusted to 3.37 CNY per share effective June 18, 2025 [1] Group 2: Profit Distribution - The profit distribution plan for 2024 includes a cash dividend of 0.74 CNY per 10 shares (tax included) [1] - Due to factors such as convertible bond conversion and share repurchase, the total share capital will be reduced to 6.473 billion shares, leading to an adjustment in the per-share distribution ratio [1] - The cash dividend per share will remain unchanged at 0.074 CNY (tax included) despite the adjustments [1]

Group 1 - Weijie Chuangxin plans to reduce its shareholding by up to 3%, amounting to no more than 12.91 million shares, due to personal funding needs [1] - Lier Chemical's major shareholder intends to reduce its stake by up to 3%, equivalent to no more than 24.01 million shares, for investment returns [1] - Helin Micro-Nano's controlling shareholder plans to reduce its shareholding by up to 1.5%, which is no more than 1.75 million shares, due to personal funding needs [2] Group 2 - Yifan Pharmaceutical received drug registration certificates for two products, indicating a focus on oncology and leukemia treatments [3] - *ST Jinbi is planning a change in control, leading to a temporary suspension of its stock trading [4] - Kexing Pharmaceutical's shareholder plans to reduce its stake by up to 3%, amounting to no more than 5.90 million shares, to optimize the equity structure [7] Group 3 - Li New Energy plans to invest approximately 1.25 billion yuan in three independent energy storage projects [7] - Kingsoft Office intends to acquire the remaining 31.98% stake in its subsidiary for 254 million yuan, aiming for full ownership [8] - Northeast Pharmaceutical received a CEP certificate from the European Medicines Agency for an antibiotic raw material, enhancing its product credibility [9] Group 4 - Tai'er Co. announced the lifting of a detention order on its controlling shareholder, changing it to a notice of supervision [10] - Runjian Co. won a bid for a solar power project worth approximately 83.92 million yuan, highlighting its role in the energy sector [11] - Jiuan Medical plans to register and issue medium-term notes and short-term financing bonds, with a total scale of up to 35 billion yuan and 5 billion yuan respectively [12] Group 5 - Wanma Co.'s chairman resigned due to work adjustments, but will remain as a board member [13] - Changhua Chemical plans to transfer 1% of its shares through an inquiry transfer method due to personal funding needs [14] - Jinkai Biotechnology's two shareholders plan to reduce their combined stake by up to 4%, totaling 481.6 thousand shares [15] Group 6 - Aeston plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy [16] - Maiwei Biotechnology's chairman proposed a share buyback plan with a total amount between 25 million and 50 million yuan [17] - Montai High-tech's specific shareholders and executives plan to reduce their stake by up to 3.03%, citing personal funding needs [18] Group 7 - *ST Dongjing's stock will resume trading after a change in control, with a new actual controller [20] - Tongdahai's major shareholders plan to reduce their combined stake by up to 3.57%, totaling 345.24 thousand shares [23]

Core Viewpoint - The company plans to invest approximately 750 million yuan in the development of a 112.5MW wind power project in Linyi County, which is expected to be completed and connected to the grid by 2027 [1][3][6]. Group 1: Investment Overview - The total investment for the Linyi 112.5MW wind power project is estimated at around 750 million yuan [1][3]. - The project will be developed in collaboration with the Linyi County People's Government, and the company will sign a resource development agreement [2][4]. - The project aims to enhance the company's renewable energy portfolio and is expected to generate stable cash flow once operational [7][8]. Group 2: Project Feasibility and Necessity - The project aligns with the sustainable development principles and national energy policies, addressing the increasing energy demand in Shandong Province [6][7]. - The site for the wind farm is characterized by favorable geographical conditions, including flat terrain and rich wind resources, making it suitable for wind energy development [6][7]. Group 3: Financial and Operational Impact - The project is anticipated to have a limited short-term impact on the company's asset-liability ratio and return on equity during the construction phase [8]. - Once operational, the project will provide a new revenue stream and enhance the company's competitive position in the renewable energy sector [7][8].

Investment Rating - The report assigns an "Overweight" rating to the electricity and utilities sector, indicating a positive outlook for the industry in the near term [4][8]. Core Views - The report highlights the recent policy initiatives aimed at promoting green electricity direct connections, which are expected to enhance the consumption of renewable energy and improve the overall market dynamics for the sector [3][36]. - The overall market performance of the sector has been subdued, with the industry index experiencing a slight decline of 0.18% during the reporting period [2][11]. - The report suggests that the long-term demand for electricity will remain stable, driven by the need for peak load regulation and supply assurance [7]. Summary by Sections 1. Market Performance - The industry valuation as of May 30, 2025, shows a Price-to-Earnings (PE) ratio of 17.29, slightly down from 17.3 the previous week, and a Price-to-Book (PB) ratio of 1.73, unchanged from the prior week [1][24]. - The sector's performance ranked 19th among 31 major industry categories, with individual segments like thermal power and hydropower showing varied performance [2][11]. 2. Industry and Company Dynamics - The National Energy Administration reported 4,415 new renewable energy projects added in April 2025, with a significant focus on solar and wind energy [3][36]. - Recent government policies aim to facilitate the direct supply of green electricity to consumers, mandating that at least 60% of renewable energy generated must be used on-site [3][36]. - The report emphasizes the importance of market mechanisms for carbon emissions and water rights, which are expected to enhance resource allocation efficiency [3][38]. 3. Key Data Tracking - As of May 30, 2025, the price of Shanxi mixed coal (5500) was reported at 613 CNY per ton, with no weekly change [44]. - The trading volume of green electricity certificates for wind and solar power reached 20.37 and 25.27 million certificates, respectively, during the reporting period [47][49]. - The report also tracks the carbon emissions trading data, with a total transaction volume of 65.9 million tons on May 30, 2025, at an average price of 68.69 CNY per ton [50][51].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等有关 规定，公司在回购股份期间，应当在每个月的前3个交易日内公告截至上月末的回购进展情况。现将公 司回购股份进展情况公告如下： 截至2025年5月31日，公司尚未进行股份回购。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股 份》等相关规定，在回购期限内根据市场情况择机做出回购决策并予以实施，同时根据回购股份事项进 展情况及时履行信息披露义务，敬请广大投资者注意投资风险。 ■ 一、回购股份的基本情况 中节能风力发电股份有限公司（以下简称"公司"）分别于2025年4月28日、2025年5月23日召开第五届董 事会第三十四次会议和2025年第一次临时股东大会，审议通过了《关于以集中竞价交易方式回购股份方 案的议案》，同意公司自股东大会审议通过本次公司回购股份方案之日起12个月内使用不低于人民币1 亿元（含），不超过人民币2亿元 ...

Group 1 - The 330 kV Zhongbao Substation for the Xi-Yan High-Speed Railway Yan'an section has been officially energized, playing a crucial role in distributing power from the 750 kV Luochuan Substation [1] - The construction progress of the 330 kV power supply project for the Xi-Yan High-Speed Railway is at 90% for the line and 96% for the substation, with a detailed schedule in place to ensure timely completion [1] - The project manager emphasized the importance of increasing inspection frequency and coordinating resources to ensure sufficient supply of construction materials and equipment for the railway's operation [1] Group 2 - The construction of the Chinese herbal medicine processing base in Huangling County is underway, utilizing a complete digital management model to enhance efficiency [1] - The project, covering approximately 52.6 acres with a building area of 24,000 square meters, is expected to produce 11,200 tons of Chinese herbal medicine slices annually, generating an output value of 920 million yuan [1] - The local government is focused on ensuring economic and social benefits through continuous efforts in experimental base construction, large-scale planting, and industry chain extension [2] Group 3 - The 200,000 kW wind power project in Yan'an is progressing steadily, with the construction of the booster station completed and 14 wind turbines installed, 7 of which are already in operation [2] - The wind power project is projected to generate an annual output value of approximately 100 million yuan, contributing to the green development of Yan'an [2] - Yan'an's economy has shown stability in the first four months of the year, with industrial output value reaching 84.671 billion yuan and a high resumption rate of key projects [2]

Core Points - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2] - The company was approved by the State-owned Assets Supervision and Administration Commission and registered on June 30, 2010 [2] - The registered capital of the company is RMB 647,332.7638 million [3] Chapter Summaries Chapter 1: General Provisions - The purpose of the articles is to protect the legal rights of the company, shareholders, employees, and creditors, and to regulate the organization and behavior of the company [1] Chapter 2: Business Objectives and Scope - The company's business objective is to maximize shareholder interests through effective management and innovation [4] - The business scope includes the development, investment management, construction, operation, maintenance, and equipment modification of wind power projects [5] Chapter 3: Shares - The company's shares are issued in the form of stocks, with a par value of RMB 1 per share [7] - The total number of shares issued at the time of establishment was 160,000 million shares, with major shareholders including China Energy Conservation and Environmental Protection Group [8] Chapter 4: Shareholders and Shareholders' Meeting - Shareholders have rights to dividends, voting, and supervision of the company's operations [14] - The company must hold an annual shareholders' meeting within six months after the end of the previous fiscal year [48] Chapter 5: Board of Directors - The board of directors is responsible for the overall management of the company and must report to the shareholders [45] - The board must ensure compliance with laws and regulations during meetings and decision-making processes [73] Chapter 6: Financial Accounting System - The company must establish a financial accounting system and conduct internal audits [8] - The appointment of external auditors must be approved by the shareholders' meeting [45] Chapter 7: Amendments to the Articles - Amendments to the articles must be approved by a special resolution at the shareholders' meeting [82]