Core Viewpoint - The company has approved the continuation and division of Anhui Qianyingzi Power Co., Ltd. to optimize management structure and enhance operational efficiency [1] Group 1: Overview of the Division - The division aims to improve resource allocation and promote business synergy [1] - Anhui Qianyingzi Power Co., Ltd. will continue to exist post-division, and a new subsidiary will be established [4] - The division does not constitute a related party transaction or a major asset restructuring [1] Group 2: Pre-Division Basic Information - Anhui Qianyingzi Power Co., Ltd. has a registered capital of 1,572 million yuan [2] - The company was established on August 28, 2013, and operates a 2x350MW low calorific value coal power generation project [2] - The company is jointly owned by the company and Anhui Waneng Co., Ltd., each holding 50% of the shares [3] Group 3: Division Plan - The division will create a new company, Anhui Qianyingzi (Second) Power Co., Ltd., which will handle the second phase expansion project [4] - The existing company will continue its current operations, while the new company will focus on a 1x1000MW coal-fired power generation project and related services [6] Group 4: Financial and Employee Considerations - The division will involve the allocation of assets, liabilities, and equity based on a special audit report as of October 1, 2025 [7] - An employee placement plan will be established to ensure that employee rights are protected during the division process [7] Group 5: Impact of the Division - The division aligns with the company's future strategic planning and is expected to enhance internal resource integration and operational efficiency [8] - The division is not anticipated to adversely affect the company's operational status or the interests of shareholders, particularly minority shareholders [8]