China Power International Development Limited announced the acquisition of a 31% equity interest in Tuoli Power. This transaction is part of an Equity Transfer Agreement entered into on 17 July 2025 between the Company, CPI Holding, Pingmei Shenma Xinjiang, Xinjiang Energy, and Tuoli Power. Pingmei Shenma Xinjiang has pledged to ensure a reliable coal supply and maintain stable coal prices through future long-term agreements with Tuoli Power. The acquisition is expected to enhance Tuoli Power's future profitability and support synergistic development among its shareholders. The Directors of the Company have expressed confidence that the terms of the agreement are fair and reasonable and in the best interest of the Company and its shareholders.
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