Industrial Resources and Environmental Energy: Plans to acquire 100% of the equity of South Taihu Technology for 1.457 billion yuan.

Wuchan Huaneng announced on July 16 that the company plans to acquire 100% equity of Huzhou Nantai Lake Power Technology Co., Ltd. held by Meixinda Xinwang Energy Co., Ltd. with self-raised funds totaling 1.457 billion yuan. Nantai Lake Technology is a mature company in the field of cogeneration in Zhejiang Province. Wuchan Huaneng is optimistic about the development prospects of the cogeneration industry and the target company, aiming to increase its market share in the cogeneration field. This transaction is not considered a related-party transaction or a major asset restructuring, and will need to be reviewed by the company's shareholders' meeting.