CNNP Rich Energy Corporation Limited announced a private placement for raising gross proceeds of CNY 7,500 million in a round of funding on May 9, 2022. The transaction included participation from new investors China Life Asset Management Co., Ltd. for CNY 2,053,000,000, of which CNY 181,654,132 registered capital and rest capital reserve; Sichuan Chuantou Energy Co. ,Ltd for CNY 1,600,000,000, of which CNY 141,571,657 registered capital and the rest capital reserve, Zhejiang Zheneng Electric Power Co., Ltd. for 1,200,000,000, of which CNY 106,178,743 registered capital and rest capital reserve; CITIC Securities Investment Co., Ltd. for CNY 1,000,000,000, of which CNY 88,482,286 the registered capital and rest capital reserve; National Military and Civilian Integration Industry Investment Fund Co., Ltd, a fund managed by Huihua Fund Management Co., Ltd. for CNY 1,000,000,000, of which CNY 88,482,286 registered capital and rest capital reserve, Zhuhai Deqing Mixed Reform No.

3 Equity Investment Partnership (Limited Partnership) for CNY 347,000,000, of which CNY 30,703,353 registered capital and rest capital reserve; Beijing Guanghe Huihe New Energy Technology Enterprise (Limited Partnership) for CNY 300,000,000, of which CNY 26,544,686 registered capital and rest capital reserve. The transaction was approved by the investor Sichuan Chuantou Energy Co.,Ltd. in its third board of directors of the 11th session. The shareholders have a shareholding ratio of 8.21%, 6.4%, 4.8%, 4.00%, 4.00% ,1.388% and 1.20% respectively after completion of the transaction.