Datang Nuclear Power Receives RMB 1.57 Billion Capital Increase

Datang International Power Generation Co., Ltd. (Datang Power Generation) issued an announcement on the evening of October 9, 2026, stating that it has formally signed a Capital Increase Agreement with its controlling shareholder China Datang Corporation Ltd. (Datang Group) and China Datang Corporation Nuclear Power Co., Ltd. (Datang Nuclear Power Company). All parties will jointly implement a capital increase in Datang Nuclear Power Company using their own funds in cash, with a total capital increase scale of RMB 1.57 billion.

According to the provisions of the Capital Increase Agreement, this capital increase strictly proceeds in proportion to the original shareholders' shareholding ratios. Datang Group contributed RMB 942 million according to its 60% shareholding ratio, and Datang Power Generation contributed RMB 628 million according to its 40% shareholding ratio. After the completion of the capital increase, the equity structure of Datang Nuclear Power Company remains unchanged. The capital increase funds will be dedicated to supporting the engineering construction and preliminary development of multiple key nuclear power projects, specifically covering:

Capital expenditure for infrastructure of projects under construction: basic construction funds for the Liaoning Xudabao Nuclear Power Project and the Fujian Ningde Nuclear Power Phase II Project;

Preliminary work and construction preparation for new projects: long-lead equipment procurement and construction preparation costs for Phase I of the Liaoning Zhuanghe Nuclear Power Project;

Preliminary work for planned plant sites: preliminary demonstration and preliminary engineering development of the Guangdong Yangxi Nuclear Power Project.

As a specialized platform under Datang Group focusing on nuclear power project investment and operation, Datang Nuclear Power Company maintains a highly sound financial condition. Financial data shows that as of the end of June 2026, Datang Nuclear Power Company's total assets were RMB 4.698 billion, total liabilities were only RMB 1.0555 million, and the asset-liability ratio was at an extremely low level of 0.02%; in the first half of 2026, it achieved operating revenue of RMB 5.0943 million and net profit of RMB 41,100. This transaction constitutes a related-party transaction but does not constitute a major asset restructuring.

Datang Power Generation pointed out in the announcement that this capital increase will significantly enrich Datang Nuclear Power Company's capital scale and capital adequacy ratio, precisely matching the funding needs of current equity-participating and controlled nuclear power projects as they enter a concentrated construction period and key equipment ordering period. The capital increase will comprehensively strengthen Datang Nuclear Power's risk resistance and comprehensive coordinated development strength in its core nuclear energy business, accelerate the implementation of engineering milestones for its coastal nuclear power bases, and provide strong support for the Group to optimize its clean energy structure and achieve long-term asset returns.