Dandong Jinshan Thermoelectric Co., Ltd. announced that it will issue convertible preferred shares for gross proceeds of CNY 990,171,000 on August 19, 2025. The transaction included participation from returning investor Huadian Liaoning Energy Development Co.,Ltd, retains 100% stakes in the company. The company registered capital increases to CNY 1,640,558,000.

The transaction has been approved by the 25th Meeting in the 8th Directorate and are subject to the Shareholders? Approval by the Huadian Liaoning Energy Development Co.,Ltd.