China Yangtze Power Co., Ltd announced a private placement of stocks and/or convertible corporate bonds on December 11, 2021. The transaction will include participation from no more than 35 specific investors. The shares being issued including the initial number of convertible corporate bonds issued do not exceed 30% of the company’s total share capital before the issuance. The transaction has been reviewed and approved at the 30th meeting of the fifth board of directors of the company. The convertible corporate bonds subscribed by investors will not be transferable within 6 months from the end of issuance, and the stocks converted by the convertible corporate bonds shall not be transferred within 18 months from the end of the issuance of convertible corporate bonds.