JNCEC Sets 25 June 2026 AGM; Seeks Mandates on Dividends, Share Issuance, Buy-back and Up to 30% Debt Capacity

Beijing Jingneng Clean Energy Co., Limited (JNCEC) will convene its 2026 Annual General Meeting (AGM) on 25 June 2026 at 10:00 a.m. in Beijing. Shareholders will vote on a series of ordinary and special resolutions that collectively shape the group’s capital allocation, auditor lineup and future financing flexibility.

Key ordinary items • 2025 performance review: The Board’s work report, KPMG-audited IFRS financial statements and the full annual report for the year ended 31 December 2025 are up for approval. • Distributions: Investors will consider a profit-distribution plan that combines a final dividend with a one-off special cash dividend for FY 2025. Record date for entitlement is 2 July 2026, with the H-share register closing on that day; transfers must be lodged by 4:30 p.m. on 30 June 2026. • Auditor changes: KPMG is proposed to remain as international auditor for 2026 at a fee of RMB3.18 million. Domestically, Grant Thornton is nominated to replace the current auditor, subject to a RMB2.52 million fee.

Special mandates sought • General share-issue mandate: The Board seeks authority to issue and/or transfer treasury shares up to 20% of the total issued share capital (excluding treasury shares) during the mandate period, subject to PRC and Hong Kong regulatory approvals. • H-share repurchase mandate: Authorization to buy back up to 10% of issued H shares during the mandate period, funded by internal resources or eligible financing. The Board would be empowered to adjust the plan or cancel repurchased shares and amend the Articles accordingly. • Debt-financing mandate: Permission to issue onshore and offshore debt instruments—ranging from ultra-short-term notes to ABS—capped at 30% of the latest audited total assets. Instrument type, size, tenor and rate would be set case-by-case within this limit.

Key dates for H-shareholders • AGM attendance eligibility: Register closes 22–25 June 2026; share transfers must be registered by 18 June 2026. • Dividend entitlement: Register closes 2 July 2026; transfers must be registered by 30 June 2026.

Voting will be conducted by poll. Shareholders may attend in person or by proxy, and directors retain the option to participate via video or teleconference.