China HK Power (00931) announced that its board has noted fluctuations in the stock price and trading volume on October 20, 2025. Following reasonable inquiries under the relevant circumstances, the board confirmed that, except for prior disclosures and those mentioned herein, it is not aware of any reasons for such price and volume fluctuations or any insider information that must be disclosed under Part XIVA of the Securities and Futures Ordinance (Cap. 571) of Hong Kong. The board also confirmed that the group's business operations remain normal, and there have been no significant changes in operational and financial status as of the date of this announcement. The board is pleased to voluntarily provide business updates to shareholders and potential investors: Since May 1, 2025, the group has been in negotiations regarding the acquisition of a significant liquefied natural gas project and signed a confidentiality agreement with a liquefied natural gas user enterprise on September 12, 2025. Additionally, the group signed a confidentiality agreement with an international financial company on July 1, 2025, followed by a memorandum of understanding on August 1, 2025, to secure financing support for the aforementioned liquefied natural gas project. As of the date of this announcement, discussions regarding the potential investment are ongoing, and relevant terms and conditions have not been finalized; no binding agreement has been reached concerning the potential investment. Should there be significant progress regarding the potential investment matter, the company will publish another announcement in a timely manner in accordance with the listing rules.