Core Viewpoint - Zhongmin Energy Co., Ltd. is holding its first extraordinary general meeting of shareholders in 2025 to discuss several key resolutions, including amendments to the company's articles of association and the establishment of a new offshore wind power project [2][4]. Group 1: Meeting Details - The meeting is scheduled for September 19, 2025, at 14:30, located at the International Building, Fuzhou [4][5]. - Shareholders must register to attend, with the record date set for September 15, 2025 [2][3]. - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [5][3]. Group 2: Proposed Resolutions - Resolution 1 involves amending the company's articles of association to eliminate the supervisory board and transfer its responsibilities to the audit committee [6][7]. - Resolution 2 proposes revisions to the company's shareholder meeting rules to align with recent regulatory changes [7][8]. - Resolution 3 focuses on updating the board meeting rules, also reflecting the removal of the supervisory board [8][9]. - Resolution 4 aims to revise the independent director work system in accordance with new legal requirements [9][10]. - Resolution 5 seeks to amend the related party transaction decision-making system to enhance operational standards [10][11]. - Resolution 6 proposes the investment in the Changle B District offshore wind farm project, with an estimated total investment of 1.177 billion yuan and a projected annual power generation of approximately 456.542 GWh [11][12]. Group 3: Project Economic Viability - The offshore wind farm project has a total installed capacity of 114 MW and is expected to yield a capital internal rate of return of 5.03% [12]. - The project aligns with the company's strategic direction and is anticipated to enhance its market competitiveness in the offshore wind sector [12].

Group 1 - The company is investing in the Changle B District (Adjustment) offshore wind farm project with a total investment of 1.177 billion RMB [4][9] - The project is expected to have a total installed capacity of 114 MW and an estimated annual power generation of approximately 456.542 GWh [8][9] - The internal rate of return on capital for the project is estimated to be 5.03%, indicating good financial viability [9] Group 2 - The company has established a wholly-owned subsidiary, Fujian Fuzhou Mintou Offshore Wind Power Co., Ltd., to undertake the project [5][7] - The project aligns with the company's strategic positioning and is expected to enhance its competitiveness in the offshore wind power sector [10][59] - The project has received approval from the Fujian Provincial Development and Reform Commission [5] Group 3 - The company will hold its first temporary shareholders' meeting on September 19, 2025, to discuss the investment project and other matters [14][63] - The meeting will utilize a combination of on-site and online voting methods [15][16] - The company has made amendments to its articles of association, eliminating the supervisory board and transferring its responsibilities to the audit committee [39][66]

Group 1 - The company, Zhongmin Energy, announced the establishment of a wholly-owned subsidiary, Fujian Fuzhou Mintou Offshore Wind Power Co., Ltd., to invest in the Changle B District (Adjustment) offshore wind farm project [1] - The Changle B District (Adjustment) offshore wind farm project has a total installed capacity of 114 MW and is located approximately 38 km offshore from the center of the site [1] - The project received approval from the Fujian Provincial Development and Reform Commission on November 30, 2024 [1] Group 2 - The total estimated investment for the project is 1.177 billion yuan [2] - The project is expected to generate approximately 456.542 GWh of annual grid-connected electricity, with an estimated equivalent full-load hours of 4004.8 hours per year [2] - The internal rate of return on capital for the project's full cycle is projected to be 5.03%, indicating good financial indicators and profitability [2]

Meeting Overview - The 21st temporary meeting of the 9th Board of Directors of Zhongmin Energy was held on August 26, 2025, in Fuzhou, with all 9 directors present [1] - The meeting was chaired by Chairman Guo Zheng and complied with relevant laws and regulations [1] Resolutions Passed - The Board approved the revision of the company's Articles of Association, eliminating the position of supervisors and transferring their responsibilities to the Audit Committee [2] - The revised Articles of Association will be submitted for approval at the 2025 first extraordinary general meeting of shareholders [2] Governance Enhancements - The meeting agreed to revise the Shareholders' Meeting Rules, which will now be referred to as the Shareholders' Meeting Procedures, to enhance the governance of the shareholders' meeting [3] - The Board also approved revisions to the Board Meeting Procedures to strengthen the governance of the Board [3] Independent Director and Related Party Transactions - The meeting approved the revision of the Independent Director Work System to align with the revised Articles of Association and relevant regulations [5] - The Related Party Transaction Decision-Making System was also revised to improve operational standards and protect shareholder rights [5] Audit Committee and Investor Relations - The Board approved the revision of the Audit Committee Working Rules to comply with updated regulations [6] - The Investor Relations Management System was revised to enhance communication with investors and protect the rights of minority shareholders [6] Project Investment - The Board approved the investment in the Changle B District (adjusted) offshore wind farm project, which aligns with the company's strategic direction and offers significant environmental, social, and economic benefits [7] - This project will also be submitted for approval at the 2025 first extraordinary general meeting of shareholders [7] Upcoming Meetings - The company has scheduled the 2025 first extraordinary general meeting of shareholders for September 19, 2025, combining on-site and online voting [7]

Core Viewpoint - The company has announced an investment of 1.177 billion yuan in the construction of the Changle B Zone (Adjustment) offshore wind farm project, which is expected to enhance its market competitiveness in the offshore wind energy sector [1][3]. Group 1: Investment Overview - The investment project is named Changle B Zone (Adjustment) offshore wind farm [1]. - The total investment for the project is estimated at 1.177 billion yuan [1]. - The project has been approved by the Fujian Provincial Development and Reform Commission [1][2]. Group 2: Investment Entity Information - The investment will be executed through a wholly-owned subsidiary named Fujian Fuzhou Mintou Offshore Wind Power Co., Ltd., established on June 18, 2024 [2]. - The registered capital of the subsidiary is 220 million yuan [2]. - The company will engage in power generation, transmission, and distribution activities [2]. Group 3: Project Details - The offshore wind farm project is located approximately 38 km offshore from the east side of Zhanggang Street, Changle District, Fuzhou City [3]. - The total installed capacity of the project is 114 MW, including offshore wind turbines and an onshore control station [3]. Group 4: Economic Viability - The project is expected to generate approximately 456.542 GWh of electricity annually, with an estimated equivalent full-load hours of 4004.8 hours [3]. - The internal rate of return on capital over the project's lifecycle is projected to be 5.03%, indicating good financial health and profitability potential [3]. Group 5: Strategic Impact - The investment aligns with the company's strategic positioning and development direction, aiming to increase its offshore wind power capacity and create new profit growth points [4]. - The project is expected to enhance the company's competitiveness in the offshore wind energy market, benefiting both the company and its shareholders [4].