China Resources Power Holdings Limited (CR Power) was listed on the Main Board of the Hong Kong Stock Exchange in November 2003. As a Hong Kong-listed entity under China Resources Group, it ranks among China's most efficient and best-performing comprehensive energy enterprises. Its business portfolio spans wind power, photovoltaic power, thermal power, hydropower, distributed energy, electricity retail, integrated energy services, and coal.

As of the end of 2023, CR Power's operational installed capacity reached 77,324 MW, with equity installed capacity in operation standing at 59,764 MW. Renewable energy accounted for 37.8% of its equity installed capacity. Its operations cover 31 provinces, autonomous regions, municipalities, and special administrative regions across China.

CR Power has been recognized for the 17 consecutive year in the Forbes Global 2000 list of the world's top publicly traded companies, ranking 850th overall. It was also named one of Time magazine's World's Best Companies of 2023, ranking 707th.

In February 2023, CR Power and Shine Green Energy established a joint venture— Guangxi Nanning Runxin Lvneng Co., Ltd., in which we hold a 51% stake, jointly investing in the development of wind and solar power projects.

State Power Investment Corporation Limited (SPIC), a centrally administered extra-large state-owned enterprise, is a diversified energy conglomerate with operations spanning power, heat, coal, aluminum, logistics, finance, environmental protection, photovoltaics, and power station services. It holds the unique distinction of owning and operating the full spectrum of power generation types, including nuclear, thermal, hydro, wind, and solar PV.

As of the end of February 2024, SPIC's total assets reached RMB 1.77 trillion, with a total installed capacity of 238 GW. Renewable energy constitutes 69.98% of this capacity, positioning SPIC as the global leader in installed solar PV capacity and the world's second-largest in wind power capacity.

Diantou Ronghe Renewable Energy Co., Ltd. is a subsidiary of SPIC, focusing on three core pillars: renewable energy capital investment, renewable energy industry chain investment, and financial services. Its primary business activities include renewable energy investment and development, financial leasing, supply chain finance, factoring, energy industry investment, and industrial equity investment.

Together, the three parties have established a joint venture— Diantou Xinrong (Beijing) Renewable Energy Co., Ltd., in which our company holds a 40% equity stake. This joint venture is dedicated to the investment, development, construction, and operation of high-quality wind power, photovoltaic, energy storage, and other renewable energy projects and related upstream/downstream industries across China.

Brookfield Asset Management is one of the world's largest alternative asset managers, with a focus on real estate, infrastructure, renewable energy, and private equity. It has been actively investing in China for over a decade, beginning in 2013 when it became a cornerstone investor in Xintiandi Group. During this period, Brookfield has grown its assets under management in China to US$17 billion and completed a series of landmark projects and investments. These include the acquisition of the logistics warehousing brand Gazeley in 2014; the rebranding of Gazeley into Brookfield's logistics platform in 2016; the acquisition of a Walmart logistics warehouse site in Dongguan in 2017; and the purchase of two community retail properties in Shanghai in 2018 – Jinqiao Taimao and Nanxiang Taimao.

With a focus on strategic collaboration and mutual benefit, Shine Green Energy and Brookfield have entered into a joint venture agreement to set up joint companies in China’s prime wind and solar regions for the development, investment, construction, and operation of renewable energy projects.

Beijing Energy Holding Co., Ltd (BEH),a state-owned enterprise wholly funded by the Beijing Municipal Government, is tasked with the critical mission of ensuring a secure and reliable energy supply for China's capital. Established in 2004 through the merger of two predecessor investment companies, BEH expanded its integrated energy chain via subsequent mergers with the Beijing Heating Group in 2011 and the Beijing Jingmei Group in 2014.

Through years of strategic consolidation, BEH has evolved from a single-sector energy provider into a diversified industrial group, with operations spanning heating, power generation, coal, wellness tourism, and beyond. By the end of 2024, the Group had grown its asset base to RMB 493.4 billion, generating annual revenue of RMB 97.5 billion. It oversees more than 860 wholly-owned or controlled subsidiaries and holds stakes in over 120 other enterprises. With a workforce exceeding 34,000, BEH's investments extend across 33 provincial-level regions in China and multiple international markets.

The Group controls six listed companies, including Jingneng Clean Energy, Jingneng Power, and BEIJING ENERGY INTERNATIONAL. Its profitability consistently ranks among the highest of all Beijing-based municipal enterprises. In 2024, BEH was ranked 247th among China's Top 500 Enterprises and 87th among the Top 500 Service Enterprises in China.

In November 2022, the three partners established a joint venture—Jingxin (Pingdingshan) Renewable Energy Co., Ltd., in which our company holds a 45% stake, to collaborate on clean energy development, green power trading, hydrogen energy initiatives, energy storage applications, and the construction of low-carbon demonstration zones. Key projects under this venture include:

· Yexian County "Generation-Grid-Load-Storage" Integrated Wind Project (500 MW)

· Ruzhou City "Generation-Grid-Load-Storage" Integrated Wind Project (500 MW)

· Baofeng County "Generation-Grid-Load-Storage" Integrated Wind Project (200 MW)

· Jiaxian County "Generation-Grid-Load-Storage" Integrated Demonstration Project (300 MW)

· Industrial Park "Generation-Grid-Load-Storage" Integrated Wind Project (≥ 500 MW)

Goldwind Science & Technology Co., Ltd. is China's first and largest professional wind power technology service provider. With a strategic focus on energy development, equipment manufacturing, services, and applications, its operations span 38 countries across six continents. Goldwind has been consistently recognized on numerous prestigious lists, including "Climate Leader," "Asia's Most Admired Companies," and "Best Investor Relations Company." It has also been ranked among the "Top 50 Most Innovative Companies Globally," "Top 200 Global Eco-Friendly Enterprises," "Global Renewable energy Top 500," "Fortune China 500," and as a leading performer in ESG (Environmental, Social, and Governance) among A-share listed companies.

Globally, Goldwind has achieved cumulative installed wind power capacity of over 111 GW, with more than 64 GW and over 49,000 wind turbine units operating worldwide.

Beijing Tianyuan Kechuang Wind Power Technology Co., Ltd. (Tianyuan Kechuang), a wholly-owned subsidiary of Goldwind established in 2005, brings 18 years of proven experience in the wind power sector. As of December 2023, its cumulative grid-connected capacity exceeds 10 GW, ranking among the top EPC (Engineering, Procurement, and Construction) providers nationally and holding the top position in China for installed hybrid tower capacity.

In March 2020, the two parties established a joint venture, Jincheng Tianyuan Wind Power Co., Ltd., in which we hold a 35% stake, to jointly develop wind power project resources in Jincheng, Shanxi Province.

Windey Energy Technology Group Co., Ltd. (Windey Group), a major state-owned listed enterprise, stands as a pioneer, innovator, and leader in China's renewable energy sector. It holds the distinction of being the earliest domestic entity dedicated to renewable energy technology R&D and product development, having manufactured China's first grid-connected wind turbine. With over 50 years of deep industry experience, Windey has established itself as a leading provider of renewable energy equipment and comprehensive energy solutions.

In alignment with China's "Dual Carbon" goals (peaking carbon emissions by 2030 and achieving carbon neutrality by 2060), Windey is actively transforming into a modern, first-class enterprise focused on renewable energy and carbon emission management. Its strategic business areas now encompass smart grids, energy storage, photovoltaics, hydrogen production, and integrated energy development. This commitment to innovation was recognized by its inclusion in the "2021 (28th Batch) Newly Accredited National Enterprise Technology Centers" list.

In January 2022, the two parties established a joint venture—Yulin Xinxin Wind Power Equipment Co., Ltd., in which we hold a 90% stake—to collaboratively engage in the manufacturing and sales of wind power equipment.