According to the announcement of Shanda Electric Power, the company plans to sign a joint construction agreement with the actual controller Shandong University to jointly build the “Shandong University - Shanda Electric Power - New Power System and Smart Energy Research Institute”. The agreement is valid for three years. The company will provide a total of 10 million yuan in research funding, disbursed over three years. The research direction is collaborative optimization technology for source network load storage under the new power system. This matter constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the company's board of directors. The relevant directors have avoided voting, and there is no need to submit it to the shareholders' meeting for consideration. From the beginning of 2026 until the date the inspection opinion was issued, the total amount of related transactions between the company and Shandong University was 1,567,700 yuan.

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