Yuneng Holdings: Plans to jointly invest 1 billion yuan with its wholly-owned subsidiary to establish a holding company.

Yuaneng Holdings announcement: the company and its wholly-owned subsidiary Yuaneng New Energy intend to jointly invest 1 billion yuan to establish Yuaneng Holdings Smart Energy Co., Ltd., with respective capital contributions of 70% and 30%. Smart Energy will be responsible for advancing the preliminary work of the Yuaneng Taiqian 21000MW coal-fired power project and developing new energy resources. This investment aims to build a clean, low-carbon, safe, and efficient new power system, promoting the company's transformation and development into a first-class comprehensive energy enterprise.