Beiqing Huanneng (000803): Progress In Setting Up Carbon Neutral Investment Industry Fund

Announcement on the progress of establishing carbon neutral investment industry fund by Beiqing Huanneng Group Co., Ltd

The company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions.

1、 Overview of foreign investment

Beiqing Environmental Energy Group Co., Ltd. (hereinafter referred to as "the company") deliberated and passed the proposal on the establishment of carbon neutral investment industry fund and related party transactions at the fourth extraordinary general meeting of 2021 held on September 17, 2021. The company plans to use its own capital of RMB 100 million to cooperate with bozheng Capital Investment Co., Ltd. (hereinafter referred to as "bozheng capital") Tibet Yuze Investment Management Co., Ltd. (hereinafter referred to as "Tibet Yuze") and China Water Industry Group Co., Ltd. (hereinafter referred to as "China water industry") jointly funded the establishment of carbon neutral Industry Investment Fund (provisional name). On December 6, 2021, the company signed the partnership agreement of Fuzhou Qingyu Xinneng equity investment partnership (limited partnership), in which Tibet Yuze, the general partner, Beiqing Huanneng, the limited partner, and China Water Industry Co., Ltd. respectively contributed 100000 yuan, 50 million yuan and 50 million yuan respectively. On December 8, 2021, Fuzhou Qingyu Xinneng equity investment partnership has completed the industrial and commercial registration and obtained the business license issued by Fuzhou market supervision and Administration Bureau.

On December 17, 2021, Jiangsu Jiangnan Water Co., Ltd. (hereinafter referred to as "Jiangnan Water") held the 23rd Meeting of the sixth board of directors, deliberated and passed the proposal on the company's participation in partnership and foreign investment, and agreed to the Fuzhou Qingyu Xinneng equity investment partnership (limited partnership) established by its participating companies and partners. Jiangnan water, as a limited partner, intends to contribute 70 million yuan with its own capital.

2、 Progress

(1) basic information of new partners

Company name: Jiangsu Jiangnan Water Co., Ltd

Unified social credit Code: 91320200750510851e

Date of establishment: July 15, 2003

Registered capital: RMB 935210292

Registered address: No.66, Yangzijiang Road, Binjiang, Jiangyin City

Legal representative: Hua Feng

Business scope: water supply production and sale; Tap water drainage and related water treatment business; Design of water supply project and

Technical consultation; Water quality testing; Water meter measurement and detection; Invest in the public infrastructure industry. (for projects subject to approval according to law, business activities can only be carried out after the approval of relevant departments) major shareholders and actual controllers: Jiangyin urban and rural water supply and drainage Co., Ltd. holds 35.19%, Jiangyin public assets management Co., Ltd. holds 23.18%, and Jiangyin public assets management Co., Ltd. is the actual controller. Related relationship: there is no related relationship with the company's controlling shareholder, actual controller, shareholders holding more than 5% shares, directors, supervisors and senior managers.

Jiangnan water affairs does not belong to the person to be executed.

(2) main amendments to the original partnership agreement

Original agreement "Investment decision making procedure: in order to improve the professional degree and operation quality of investment decision-making, the investment decision-making committee of the partnership fund is set up. The investment decision-making committee is composed of five members, and all motions can be passed only after being approved by at least four fifths of the members If the amount of investment in a single project exceeds 20% of the scale of the partnership's subscription, the motion can be passed only after the approval of all members of the Committee. "

It is hereby amended as "Investment decision making procedure: in order to improve the professional degree and operation quality of investment decision-making, the investment decision-making committee of the partnership fund is set up. The investment decision-making committee is composed of seven members, and all motions can be passed only after being approved by at least five seventh of the members If the amount of investment in a single project exceeds 20% of the scale of the partnership's subscription, the motion can be passed only after the approval of all members of the Committee. "

For other main contents, please refer to the announcement on the progress of setting up carbon neutral investment industry fund and related party transactions (Announcement No.: 2021-166) disclosed by the company on December 10, 2021 in the designated information disclosure media "China Securities Journal", "Shanghai Securities News" and CNKI.

3、 Other instructions

The newly added limited partners have reached a preliminary intention, but have not signed a formal partnership agreement, and there is still uncertainty in the formal implementation. According to the follow-up progress of Fuzhou Qingyu Xinneng equity investment partnership (limited partnership), the company will timely perform the obligation of information disclosure in accordance with the provisions and requirements of relevant laws and regulations. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Board of directors of Beiqing Huanneng Group Co., Ltd. December 17, 2021