The board of directors (the "Board") of CGN Power Co., Ltd. announce that it has been notified, on July 31, 2023, that the State Council has approved Ningde Unit 5 and Unit 6 of Fujian Ningde Second Nuclear Power Co., Ltd. an associate of the Company. Currently, the Company and Ningde Second Nuclear are carrying out various preparatory work for the construction of Ningde Unit 5 and Unit 6 in an orderly manner. Construction will begin when the "Permit for Nuclear Power Station Construction" has been obtained from the National Nuclear Safety Administration.

The approved Ningde Unit 5 and Unit 6 will both adopt HPR1000 nuclear power technology, with a capacity of 1,210MW for a single unit.