On 28 June 2022, China Resources (Holdings) Co., Ltd. (CRH) and China Resources Power Holdings Company Limited (Company) have entered into the Framework Agreement in relation to the cooperation on Integrated Energy Projects for a term from 28 June 2022 to 31 December 2024. Nature of transaction: The parties to the Framework Agreement have agreed to cooperate with each other in the following manner: The Group will utilize the rooftops and relevant storage and operation space of CRH Group to install photovoltaic power station facilities and will supply power and provide integrated energy services to CRH Group after photovoltaic power stations were put into operation. The Group will also utilize the waste steam, heat and pressure to construct power generation projects to supply power and provide integrated energy services to CRH Group.

The Company will take advantage of its power industry resources to construct energy storage and cold storage projects to supply power and provide integrated energy services to CRH Group based on the peak-to-trough price difference of CRH Group ' s power consumption throughout the whole day and in accordance with its energy consumption needs and conditions (collectively, "Integrated Energy Projects"). Pricing policy: The pricing policy of the Framework Agreement will be based on the market prices determined by ascertaining the prevailing prices at which the same or similar type of products or services are provided by or to or between independent third parties under normal commercial terms in the ordinary course of business, in each case taking into account the applicable circumstances, including but not limited to the relevant policies and regulations of the PRC and provincial power system reformation and the configuration, costs, profit, resources, experience, quality assurance requirement and technical solutions of relevant parties. When determining whether the transaction price for any transaction under the Framework Agreement represents market prices, to the extent reasonably practicable, the business team of CRH Group and the Company would (i) compare the power tariffs supplied by/offered to other independent third party suppliers/customers of the same type in the vicinity of the relevant power projects, (ii) obtain market and industry data on such power tariffs from time to time through public available information, and (iii) keep regular contact with other established customers/suppliers to better understand the market price trends (if applicable).

CRH Group and the Company will review and ensure that the terms and pricing of the transactions to be conducted under the Framework Agreement are consistent with those of other independent third parties.