Chongqing Machinery & Electric Co., Ltd. and CHN Energy Gansu Electric Power Co., Ltd. have been jointly given the construction target of a wind power project of 100,000 kW. In order to carry out the project development in a timely manner as required, the company and Gansu Electric Power have completed relevant statutory registration procedures for the establishment of Minqin CHN Energy Wind Power Co., Ltd. (the Joint Venture). Major information related to the Joint Venture is as follows: Equity structure: 51% of the equity interests is held by Gansu Electric Power and 49% of the equity interests is held by the Company.

Registered capital: RMB 166 million. Registered address: Room 202, No. 4 Jingsu Road, Sanlei Town, Minqin County, Wuwei City, Gansu Province.

Major business: construction, operation and maintenance of wind power farms; power generation, power transmission, power supply (distribution) businesses. The establishment of the Joint Venture is an important step taken by the Company to extend the downstream of the wind power industry chain when closely centering on the 14th Five-Year development plan for the industry, and also a substantial strategic layout of the company in the development of wind and solar resources, which lays a foundation for seizing more opportunities to develop wind and photovoltaic resources. In the future, the company will further enhance cooperation with energy enterprises and wind power host enterprises to establish a closer and in-depth cooperative relationship, thereby creating a new pattern for the coordinated development of the clean energy industry and facilitating the company's high-quality development.