Summary of Key Points Core Viewpoint - The signing of the "Deepening Cooperation Agreement" between Hubei Energy Group Co., Ltd. and the Xiangyang Municipal Government aims to leverage the strengths of both parties to ensure energy security and promote mutual development, with a planned investment of 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [5][7]. Group 1: Agreement Overview - The agreement is a framework document that does not involve substantial transactions or constitute a major asset restructuring, thus not requiring board or shareholder approval [5]. - The cooperation is based on principles of mutual benefit and resource complementarity, establishing a long-term cooperation mechanism [7]. Group 2: Investment Plans - Hubei Energy plans to invest 10.8 billion yuan in the construction of the Nanzhang Zhangjiaping pumped storage power station, with a capacity of 1.8 million kilowatts, expected to optimize the power structure in Xiangyang [8]. - The second phase of the Yicheng Power Plant aims to enhance energy security in Xiangyang with a capacity of 2 million kilowatts [9]. - A new energy base project will add 2 million kilowatts of renewable energy capacity, focusing on multi-energy complementarity [10]. - Plans include creating zero-carbon logistics parks and community projects across various districts, promoting distributed energy solutions [11]. Group 3: Impact on the Company - The agreement is expected to strengthen the company's energy security capabilities in Hubei and aligns with its strategic development goals, with no significant impact on the company's financial status or operational results for 2025 [13].

Core Viewpoint - Hubei Energy (000883.SZ) has signed a cooperation agreement with the Xiangyang Municipal Government to enhance energy security and promote mutual development, with plans to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [1] Group 1 - The cooperation agreement was signed on September 29, 2025, based on principles of equality, mutual benefit, and win-win cooperation [1] - The investment plan includes the construction of multiple wind, solar, and energy storage projects, as well as comprehensive energy projects in Xiangyang [1] - The total planned investment for the clean energy and industrial chain in Xiangyang is 26.7 billion yuan [1]