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On November 27, China State Construction Development Holdings Limited (hereinafter referred to as "China State Construction Development" or "the Company") announced that its subsidiary, Shenyang Huanggu Thermal Power Co., Ltd. (hereinafter referred to as "Huanggu Thermal Power"), successfully sold 42,796 tons of carbon credits through the national carbon emission trading system. The average transaction price was 104.33 yuan per ton, resulting in a total transaction value of 4.465 million yuan, marking the Company's first carbon credit sale.

In recent years, Huanggu Thermal Power has implemented the concept of "Technology Empowerment and Green Development," creating a new energy recycling system and innovating lean production methods. This has led to a deep optimization of energy utilization, resulting in significant achievements in energy conservation and emissions reduction.

As a key unit in the national carbon emission trading quota management, Huanggu Thermal Power has made continuous breakthroughs in carbon reduction, being the first in the industry to achieve a surplus in carbon quotas. This has made an important contribution to the carbon reduction efforts of both China State Construction Development and its parent company, China State Construction International Group Ltd. (hereinafter referred to as "China State Construction International"), assisting China State Construction International in achieving its 2025 carbon intensity targets ahead of schedule and striving for even higher goals. This carbon credit sale not only represents China State Construction Development's first carbon transaction but also sets a precedent for carbon quota sales in the thermal power industry in Shenyang.

Huanggu Thermal Power adheres to the grand goal of "Carbon Neutral Transformation" set by China State Construction International and China State Construction Development. The successful sale of these carbon credits signifies a new breakthrough in the Company's carbon asset management and is an important reflection of its achievements in reducing consumption and carbon emissions in recent years. Moving forward, the Company will further rely on technological empowerment, deepen energy-saving initiatives, optimize carbon asset management, and continuously enhance its competitiveness in sustainable development.

The English version is provided for reference only. The Chinese version shall prevail in case of any discrepancies between the English and Chinese versions.