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REG - China Yangtze Power - 2024 Annual Profit Distribution

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RNS Number : 3145R  China Yangtze Power Co. Ltd.  16 July 2025

 China Yangtze Power Co., Ltd.

Announcement on Implementation of 2024 Annual Profit Distribution

This announcement contains the English translation of the Chinese version of
China Yangtze Power Co.,Ltd. Announcement on Electricity Generation in the
half year of 2025 as published on the website of the Shanghai Stock Exchange,
and is provided for your reference only. In case of discrepancy between the
Chinese version and the English version, the Chinese version shall prevail.

Important notes:

l Percentage Distribution per Share

Cash dividend 0.733 CNY per A share(tax included)

l Relevant dates

 Share Class  Equity Registration Date  Last Trading Date  Ex-rights (Ex-dividend) Date  Cash Dividend Distribution date
 A-share      17 July, 2025             -                  18 July, 2025                 18 July, 2025

l Differentiated Cash and Stock Dividend Distribution:  No

I.          The session and date of the general shareholders' meeting
for the approval of the distribution plan

The 2024 annual profit distribution plan was approved by the Company's annual
general meeting held on May 22, 2025.

II.        Distribution Plan

1.   Distribution Year: 2024

2.   Distribution Objects:

As of the afternoon of the record date after the closing of the Shanghai Stock
Exchange, all shareholders of the Company registered with China Securities
Depository and Clearing Corporation Limited Shanghai Branch (hereinafter
referred to as the "CSDS Shanghai Branch").

3.   Dividend Distribution Plan:

The profit distribution is based on the company's total share capital of
24,468,217,716 shares before the implementation of the plan, with a cash
dividend of RMB 0.733 per share (tax included), totaling RMB 17,935,203,585.83
(tax included).

The company has already distributed an interim cash dividend for 2024 of RMB
0.21 per share (tax included). Combined with this cash dividend distribution,
the total cash dividend for 2024 amounts to RMB 0.943 per share (tax
included), with an aggregate cash dividend payout of RMB 23,073,529,306.19 for
the year 2024.

III.       Relevant Dates

 Share Class  Equity Registration Date  Last Trading Date  Ex-rights (Ex-dividend) Date  Cash Dividend Distribution date
 A-share      17 July, 2025             -                  18 July, 2025                 18 July, 2025

IV.       Tax Deduction Explanation

For eligible investors (hereinafter referred to as "GDR investors") who invest
in the company's Global Depository Receipts (GDRs) listed on the London Stock
Exchange, cash dividends will be distributed by the company through CSDC
Shanghai Branch to the domestic nominal holders of the underlying A-shares
corresponding to the GDRs, with Citibank, National Association as the
custodian. Withholding tax at a rate of 10% will be deducted in accordance
with the relevant tax regulations, including the Enterprise Income Tax Law of
the People's Republic of China. After receiving the dividend income from the
GDRs, if GDR investors need to enjoy any tax treaty arrangements, they can
apply to the competent tax authority of the company as specified.

The record date for GDR investors is the same as the record date for A-share
shareholders, and the cash dividends will be distributed to GDR investors by
Citibank, National Association through Euroclear Bank SA/NV and Clearstream
Banking, S.A. on July 25, 2025, London time.

For other investors holding the company's shares, the company will not
withhold and pay income tax on cash dividends. The income tax on cash
dividends should be paid by the investors in accordance with the tax laws. The
actual cash dividend per share is 0.733 CNY.

Board of Directors of China Yangtze Power Co., Ltd.

16 July, 2025

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