Inner Mongolia Jingtai Electric Power Generation Co., Ltd announced that it has entered into an capital increase agreement to issue common shares for gross proceeds of CNY 282,240,000 on April 1, 2022. The transaction will include participation from existing investors Beijing Jingneng Power Co., Ltd. for proceeds of CNY 143,942,400, Inner Mongolia Yitai Coal Co.,Ltd. for proceeds of CNY 81,849,600, and Shanxi Yudean Energy Co., Ltd. for proceeds of CNY 56,448,000. The registered capital will increase from CNY 1,578,000,000 to CNY 1,860,240,000, post the transaction.

The transaction has been approved at the 14th meeting of the 8th board of directors of the company.