Core Viewpoint - The company is extending the validity period of its resolution for a private placement of A-shares to specific investors, indicating ongoing efforts to secure funding for various projects [2][3][5]. Group 1: Issuance Details - The company plans to issue A-shares to no more than 35 specific investors, including various financial institutions and qualified investors [3]. - The issuance price will be set at no less than 80% of the average trading price of the company's A-shares over the 20 trading days prior to the pricing date [4]. - The total amount of funds raised from this issuance will not exceed 15 billion yuan, with net proceeds allocated to several key projects and working capital [5][6]. Group 2: Project Allocation - The funds will be used for multiple projects, including: - Hami "Solar (Thermal) Storage" integrated green electricity demonstration project with an investment of 8.082 billion yuan, using 3 billion yuan from the raised funds [6]. - Gansu Qingyang "East Data West Computing" integrated smart zero-carbon data industry park project with an investment of 4.181 billion yuan, using 1.5 billion yuan from the raised funds [6]. - Zhejiang Thermal Power Construction project with an investment of 6.112 billion yuan, using 3 billion yuan from the raised funds [6]. - Hubei Yingcheng 300MW compressed air energy storage demonstration project with an investment of 1.837 billion yuan, using 500 million yuan from the raised funds [6]. - Uzbekistan Bash and Zankeldi wind power projects with an investment of 6.768 billion yuan, using 2.5 billion yuan from the raised funds [6]. - Supplementing working capital with 4.5 billion yuan [6]. Group 3: Shareholding Structure - As of the date of the fundraising prospectus, the total number of shares is approximately 41.69 billion, with China Energy Construction Group holding 45.06% of the shares, making it the controlling shareholder [7]. - The issuance will not change the company's control structure, as the controlling shareholder remains the same before and after the issuance [7].

Core Viewpoint - The construction of key power grid projects in Guangxi is actively progressing during the May Day holiday, with significant advancements in various high-voltage projects aimed at enhancing the region's power supply reliability and supporting high-quality development [1][2]. Group 1: Project Progress - A total of 27 main power grid projects of 220 kV and above and over 100 distribution network construction projects are underway, showcasing a busy and orderly construction site [1]. - The construction progress of the 220 kV external power supply project for the railway traction station in Chongzuo has reached 61%, with the project expected to provide a stable power supply network for high-speed rail operations upon completion [1]. - The Nanning pumped storage power station's 500 kV transmission project is also on track to meet its completion target by the end of May, with high-altitude installation work being conducted [1][2]. Group 2: Innovative Construction Techniques - The projects are utilizing innovative construction methods, including the use of drones for line laying and smart machinery for collaborative construction, which has improved construction efficiency by 30% [1][2]. - In Yulin, the 220 kV construction site is actively advancing earthworks and wall construction, while in Beihai, over 160 construction workers are working in shifts to meet the deadline for the cross-sea interconnection project [2]. Group 3: Economic Impact - The completion of these key power grid projects is expected to significantly upgrade Guangxi's main power grid framework, providing strong support for industrial development and public welfare, thereby injecting robust momentum into the region's high-quality development [2].