Group 1: Company Overview - Zhuolu Energy Company was established on November 29, 2024, with a registered capital of 2 million RMB and is wholly owned by Northern Holdings Company [1] - The company is located in Zhangjiakou City, Hebei Province, and its business scope includes power generation, transmission, and distribution, as well as renewable energy technology services [1] Group 2: Investment Project Details - The project involves the "Datong-Huailai-Tianjin South" UHV supporting wind power project, which plans to install 91 wind turbines with a capacity of 7.15 MW each and a total energy storage capacity of 400 MWh [2] - The total investment for the project is approximately 495.76 million RMB, with 99.15 million RMB sourced from internal funds and the remainder to be financed [2] Group 3: Board Approval and Financial Arrangements - The board approved the investment in the project, including an increase in Zhuolu Energy's registered capital to 99.15 million RMB through an additional investment of 98.95 million RMB from Northern Holdings [4] - Northern Holdings will also increase its own registered capital to 706.31 million RMB to facilitate this investment [4] Group 4: Strategic Importance and Impact - The investment aligns with the company's strategy to strengthen its renewable energy sector and enhance its influence in the Beijing-Tianjin-Hebei region [3] - The project aims to optimize the energy structure in the region, contributing to sustainable energy development [3] Group 5: Foreign Exchange Hedging Strategy - The company’s wholly-owned subsidiary in Hong Kong plans to use foreign exchange forward contracts for hedging against currency fluctuations, with a total hedging scale not exceeding 500 million USD [5][7] - The hedging activities are intended to mitigate risks associated with currency exchange rates, particularly in relation to the company's trading operations in coal and natural gas [6] Group 6: Risk Management Measures - The company has established internal control standards for foreign exchange hedging, ensuring that all transactions are based on actual business needs and avoiding speculative activities [13] - Risk control measures include selecting reputable financial institutions for hedging transactions and maintaining a liquidity buffer to manage potential funding gaps [15]