SSE Signs Strategic Cooperation Memorandum with China Huadian Corporation Ltd.

On November 4, 2022, the Shanghai Stock Exchange (SSE) and China Huadian Corporation Ltd. (hereinafter referred to as China Huadian) held a signing ceremony for a strategic cooperation memorandum. Jiang Yi, Secretary of Party Leadership Group and Chairman of the Board of China Huadian; Shao Guoyong, Member of Party Leadership Group, Vice President and Chief Accountant of China Huadian; Qiu Yong, Party Secretary and Chairman of SSE; Cai Jianchun, Deputy Party Secretary and President of SSE; and Dong Guoqun, member of the Party Committee and Executive Vice President of SSE attended the signing ceremony. Shao Guoyong and Dong Guoqun signed the memorandum on behalf of the two sides.

Jiang Yi, Secretary of Party Leadership Group and Chairman of the Board of China Huadian, said at the signing ceremony that the in-depth strategic cooperation between China Huadian and the SSE is a critical initiative to implement the important decisions and arrangements of the CPC Central Committee and the State Council to deepen the reform of state-owned enterprises (SOE) and the capital market, and an important measure to promote the high-quality development of central SOEs through capital market. China Huadian will continuously stick to the dual-driven development of business operation and capital operation, deepening the strategic cooperation in improving the quality of listed companies, cultivating high-quality listed companies, widening direct financing channels, making innovative financial products and other fields. It will make full advantage of capital markets to carry out the industrial development policy, promote state-owned assets to grow and thrive, so as to contribute to the healthy development of capital markets and the construction of a new type of energy system and the realization of the carbon peaking and carbon neutrality.

Qiu Yong, Party Secretary and Chairman of SSE, said that the report to the 20th CPC National Congress pointed out that China needs to accelerate the green transformation of its development mode, actively yet prudently promote carbon peaking and carbon neutrality, and speed up the planning and construction of a new energy system. In recent years, the SSE has earnestly implemented the decisions and arrangements of the CPC Central Committee, committed to serving the national energy security strategy and the reform and innovation strategy of SOEs, actively leveraged the functional advantages of the exchange, and carried out comprehensive services for the whole product line. China Huadian is the backbone of implementing China's energy security strategy and a main force in practicing green, low-carbon and high-quality development. The cooperation between the SSE and China Huadian has broad space and great prospects. The SSE will provide good services for China Huadian to improve the quality of its listed companies and cultivate eligible subsidiaries for subsequent listing, supporting China Huadian's high-quality development and making new and greater contributions to China's construction of capital market and energy development.

The SSE has always maintained close high-level communication and meetings with China Huadian and had extensive business cooperation in corporate restructuring and listing, REITs asset screening, corporate bonds and ABS issuance, etc. The two sides will take the signing of the strategic cooperation memorandum as a new starting point for future comprehensive, in-depth and long-term cooperation to form a positive cycle between the capital market, new energy technology and electric power industry, implement the national energy security strategy, and accelerate the green transformation of China's development mode.

Heads of relevant departments and units of the SSE and China Huadian attended the above activity.