China Power International Development Ltd. has announced that its indirect subsidiary, Weifang New Energy, has entered into three separate EPC (engineering, procurement, and construction) contracting agreements related to the development of Phase I of the Lubei Project. This project is located in the Lubei Saline-Alkali Beach Wind-Solar-Storage-Transmission Integrated Base in Weifang, Shandong Province, China. The contracts involve a consortium comprised of State Nuclear Institute and China Railway 14th Bureau, who will serve as the main contractors for the construction of the integrated wind, photovoltaic, storage, and transmission facility. The transaction is classified as a connected transaction under the Hong Kong Stock Exchange Listing Rules but is exempt from independent shareholders' approval requirements.

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