[Jinkai Xinneng: Plans to acquire controlling stake in Hezhang Electric Power and jointly invest in the construction of Weihe Coal and Power Project] On November 13, Jinkai Xinneng (600821.SH) announced that the company’s wholly-owned subsidiary Jinkai Guizhou plans to acquire the controlling stake in Guiyang Energy Group Hezhang Electric Power Co., Ltd. (hezhang Electric Power); the company’s indirect controlling shareholder Tianjin Jinrong Investment Service Group Co., Ltd.’s wholly-owned subsidiary Jinrong Guojin plans to acquire 7.5% of Hezhang Electric Power. After the acquisition is completed, Jinkai Guizhou and Jinrong Guojin jointly hold no less than 67.5% of Hezhang Electric Power's equity. Hezhang Electric Power holds the Guizhou Weihe 2×660MW ultra-supercritical circulating fluidized bed coal power project (referred to as the "Weihe Coal Power Project") under construction. The total capital of the Weihe coal power project is estimated to be 1.602 billion yuan, and the capital that Jinkai Guizhou should bear based on its 60% shareholding ratio is estimated to be 961 million yuan. After the completion of this transaction, the company will handle relevant procedures as soon as possible and promote the comprehensive construction of the project. The construction period is expected to be 24 months.