Dalian Thermal Power Co.,Ltd. announced a private placement of ordinary A shares with par value of CNY 1.00 on July 4, 2023. The transaction will included participations from no more than 35 qualified investors. The shares to be issued shall not exceeding 30% of total share capital of the company.

The Issue price shall not less than 80% of the average trading price of the listed company's stock in the 20 trading days prior to the pricing benchmark date. The gross proceeds of transaction shall not exceeding 100% of the transaction price of the acquisition of assets through the issuance of shares. The share to be issued Shall not be transferred within 6 months from the date of completion of issuance of such shares.

The transaction has been approved by the 17th meeting of the 10th board of directors of the company and still needs to be reviewed and approved by the general meeting of shareholders, competent state-owned assets supervision and management department, and the approval/record of the competent state-owned assets supervision, Shanghai Stock Exchange, China Securities Regulatory Commission, and any other necessary approvals required by relevant laws and regulations. The transaction has been approved in the 11th Meeting of the 10th Board of Supervisors.