China Power meets 2025 profit targets in asset restructuring; seeks RMB26.22 million compensation from pre-restructuring sellers

China Power International Development Limited (China Power) reported that all FY 2025 profit and impairment undertakings linked to its 2025 asset restructuring have been fully achieved, eliminating any need for share‐ or cash-based compensation to SPIC Hydropower.

Profit undertaking – Asset Restructuring • Wu Ling Power: Cumulated actual net profit reached RMB339.54 million versus a committed RMB305.89 million, leaving no shortfall. • Changzhou Hydropower: Cumulated actual net profit totaled RMB417.58 million, exceeding the RMB320.53 million commitment.

Impairment undertaking – Market Approach Assets • The adjusted year-end valuation of five asset groups under Wu Ling Power rose to RMB372.94 million, up from the RMB349.94 million appraisal benchmark. No impairment compensation is therefore payable for FY 2025.

Profit undertaking – Asset Pre-restructuring • Certain assets acquired by Wu Ling Power before the main restructuring underperformed their FY 2025 commitments. The cumulative shortfall amounts to RMB26.22 million. • Compensation is due from SPIC Jiangxi Company, Dongfang Intelligence, Beijing Xinying & Mengdong Xiehe, Jiangxi Gandian, Qinghai Huanghe Hydropower and SPIC Hainan Company. Entities whose assets exceeded targets—Hunan Nuclear Power, Beijing Zhonghe Zero Carbon and SPIC Hunan Energy Development—incur no liability. • China Power’s board deems the compensation claims fair and is initiating procedures to secure payment.

Governance update The board, including independent non-executive directors, will continue monitoring performance across the three-year compensation period (FY 2025–FY 2027) and release further disclosures as required.