China Power International Development Limited (Stock Code: 2380) announced that Yuanda Engineering Company, an indirect non wholly-owned subsidiary of China Power, has entered into an EPC Contracting Agreement with Dazhou Energy, an indirect wholly-owned subsidiary of the group’s controlling shareholder, CPI Holding. The agreement involves system design, equipment procurement, construction, and technical support for a Desulfurization System at the Dazhou Project.

The consideration of this connected transaction is RMB199,188,000 (approximately HK$223,807,000) and includes survey design, procurement, and installation fees. Under the payment terms, an interest-free prepayment will be made, with the balance paid by installments. Pursuant to the Listing Rules, this connected transaction exceeds 0.1% but is less than 5% of the applicable percentage ratios, requiring announcement and reporting without independent shareholders’ approval. According to the announcement, the agreement is intended to meet increasingly stringent flue gas emission standards, broaden Yuanda Engineering Company’s presence in flue gas treatment, and support the group’s green and low carbon energy strategy.