Qianyuan Electric Power announced that the company plans to provide financial support of no more than 1.2 billion yuan to the holding subsidiary Guizhou Beipanjiang Electric Power Co., Ltd. to be implemented in the form of an entrustment loan to replace part of the existing high-interest loans and continue the maturing portion. The loan interest rate is the coupon interest rate and reasonable taxes on the company's plan to issue general corporate bonds and ultra-short-term financing notes. The loan period is consistent with the term of the corresponding bonds, and the credit increase is pledged with Beipanjiang Company's right to charge the same amount of electricity charges. The matter has been reviewed and approved by the 5th meeting of the 11th board of directors of the company. There is no need to submit it to the shareholders' meeting for consideration, and it does not constitute a related transaction. As of the announcement date, the company had provided a total amount of 340 million yuan in financial support, all of which was financial support for the holding subsidiary Beiyuan Company.

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