China Huadian Corporation (“CHD”), estab- lished during the reform of the national power system in late 2002, is a wholly State-Owned Enterprise (“SOE”) specializing in power gener- ation. It is an ultra-large SOE under the supervi- sion of SASAC (“the State-owned Assets Supervision and Administration Commission of the State Council”) of China, also a state-owned backbone enterprise directly managed by the central government. CHD’s main businesses comprise Power Generation, Coal, Science and Engineering, and Finance. Its assets and busi- ness operations are spread across 32 provinc- es (autonomous regions and municipalities), Hong Kong SAR (“Special Administrative Region”), and more than 20 other countries like Russia, Indonesia, Cambodia, and Vietnam. CHD currently holds 6 listed companies, domestically and abroad, boasting a workforce of 100,000 employees and total assets of over 1 trillion yuan. With an installed capacity of 219GW (in which clean energy accounted for 52.4%) in the Power Generation sector, the company generates 682.7 TWh of electricity and supplies 455 million GJ of heat annually. It is the largest natural gas-fired power generation operator in China, pioneering a series of bench- marking projects, notably, the world’s largest "salt-PV complementary" project, the first high-altitude Solar-H2-Storage project in China, the first hydropower station in China, one of the first ultra-supercritical GW class coal-fired units in China, the first 9H gas-fired CCHP (Com- bined Cooling-Heat-Power) project in China, one of the first offshore wind power projects in offshore deep water areas in China, and other demonstration power supply projects. In the Coal Sector, CHD possesses four 10-million-ton coal mines, including the first 10-million-ton coal mine developed by a power generation compa- ny, and the company’s annual output reached 60 million. CHD also owns a shipping capacity of 348,000 deadweight tons and 77.5 million tons of port throughput capacity.

In the Science and Engineering sector, CHD holds two listed companies and several Innova- tion Platforms regarding National Thermal Power Generation Tests, Distributed Power, etc. It takes the lead in developing the Huadian "Risen" series of power industrial control prod- ucts in China, which effectively promotes strengthening the energy and power chain. The industry and finance sector comprises two capital management platforms and one financial development management platform. It holds and controls shares in various financial institutions, including finance companies, trust companies, insurance firms, securities companies, financial leasing companies, factoring companies, and funds. This sector effectively supporterves the group's core business and the realsubstantial economy, and strivesing to pioneer a new phase of high-quality development.

In the new era, CHD adheres to the instructive of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly study- ing and implementing the important speeches and instructions of General Secretary Xi Jinping. The company stays committed to implementing the decisions and plans of the Party Central Committee and the State Council by firmly grasping the new mission and positioning of state-owned enterprises in the new era and new journey, acting on the principle of seeking prog- ress while maintaining stability, promoting stabil- ity through progress, and establishing the new before abolishing the old with high-quality devel- opment as its priority. Focusing on energy secu- rity and green, low development, company has established clear objectives and implemented them diligently, overcoming multiple challenges and achieving victories. It has surpassed the assessment targets set by the SASAC and reached historic highs in operational and devel- opment performance.

Significant progress has been made in high-qual- ity development, and the Party's leadership construction have been comprehensively strength- ened. The management and employees have shown strong motivation, laying a solid founda- tion for the company's high-quality development and significantly contributing to economic growth. CHD's installed capacity had grown from 102GW in 2012 to 219GW by the end of year 2023, show- ing an overall growth of 114.7%. While the proportion of clean energy capacity has increased from 25% to 52.4%, CHD's total assets have increased from 605 billion yuan to 1.0967 trillion yuan. The company has maintained an A-level rating in annual performance assessment for 11 consecutive years and has secured its place on the Fortune Global 500 for 12 consecutive years back to back.The company has witnessed signifi- cant improvement in its operational efficiency, with constant scale expansion and continuous structure optimization, resulting in both qualita- tive and quantitative growth.

The year 2024 is going to mark a comprehen- sive leap for CHD in its pursuit of high-quality development. It is imperative to undertake prac- tical endeavors in all aspects. CHD will take Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as its guiding prin- ciple, uphold and fortify the overall leadership of the Party, adhere to the ethos of advancing steadily while ensuring stability, and establish- ing the new before abolishing the old. We will meticulously coordinate to foster high-qual- ity development and high-level security, enhance core functions and improve core competitive- ness, fully harness the full potential of scientific and technological innovation, industrial control, and security support, ensure energy and power security, accelerate the promotion of green and low-carbon development, vigorously implement the innovation-driven strategy, promote the transformation and upgrading of traditional industries and the cultivation and growth of strategic emerging industries, and further implement the reform and enhancement of state-owned enterprises, strengthen internal driv- ing forces and innovation.By accelerating the pursuit of high-quality development, CHD aims to significantly contribute to building a strong country and realizing the great rejuvenation of the Chinese nation along the Chinese path to modernization.