China Yangtze Power Approves RMB 8.26B Pumped Storage Project in Henan February 19 – China Yangtze Power Co., Ltd. (CYPC) announced its board's approval for the HouSihe Pumped Storage Power Station project in Gongyi City, Henan Province, with total investment capped at RMB 8.264 billion (USD 1.14B). Project Specifications Parameter Value Technical Significance Installed Capacity 1,200MW (4×300MW units) Equivalent to 1.2 nuclear reactors Daily Generation 6h full-load operation 1.559B kWh annual output Cycle Efficiency 75% Industry-leading round-trip performance Unit Cost RMB 5,896/kW 12% below national average Strategic Timeline 2029 Q3: First unit synchronization 2030 Q2: Full commercial operation Grid Stabilization Functions ► Peak shaving for 8GW renewable clusters ► Frequency regulation (±0.2Hz precision) ► Black start capability within 10 minutes Capital Structure Total Investment: RMB 8.264B Equity Ratio: 20% (RMB 1.653B) Debt Financing: RMB 6.611B (10-year loan at LPR-50bps) Technical Highlights Vertical single-stage Francis turbines (600rpm) 400kV GIS substation integration AI-powered dispatch system Market Context China's 2025 pumped storage target: 62GW → Current capacity: 45GW Henan Province renewable curtailment rate: 6.7% (2023) → Projected 3.2% post-2030

Recently, China Electric Equipment Group’s subsidiary, China XD Xi’an Electric Equipment Co., Ltd. (XD XIAN), successfully developed China’s first and largest three-phase integrated 220 kV power transformer (model SFP-1150000/220) for million-kilowatt-class units, passing all required tests in a single trial. This milestone not only showcases China’s independent innovation capabilities and global leadership in high-end power equipment but also injects "Chinese expertise" into the global energy transition through open collaboration. It marks a new era in China’s power equipment manufacturing sector, characterized by breakthroughs in core technologies, smart production capabilities, and internationalization. Innovation Breakthrough: Core Technology Localization Leads Industry Transformation As a national leader in China’s power equipment sector, China Electric Equipment has consistently prioritized innovation as its core driver. For this project, the R&D team achieved breakthroughs using a world-first electromagnetic calculation methodology, overcoming technical bottlenecks such as component overheating under high magnetic leakage conditions. Innovations like multi-dimensional cooling optimization and a composite shielding system reduced product losses by 15% compared to international standards and improved temperature control precision by 20%, with key performance indicators reaching global leading levels. The group has established a full-chain innovation system spanning "basic materials-core components-complete equipment," backed by 12 national-level R&D platforms and over 10,000 authorized patents. With R&D investment intensity exceeding 6% for three consecutive years, the company continues to lead industry-wide technological advancement. Smart Manufacturing: Full Industrial Chain Strengths Empower Global Energy Infrastructure Leveraging world-class smart manufacturing capabilities, China Electric Equipment has built a digitalized closed-loop system from design simulation to precision production. The transformer utilized fully automated winding robots and a digital twin assembly system, achieving micron-level precision in critical processes and maintaining a 99.8% first-pass yield rate for five consecutive years. With 15 smart factories and 32 IEEE/IEC-certified production lines worldwide, the group boasts an annual transformer production capacity of 50 million kVA, serving over 130 countries and regions. The successful delivery of the Jiangxi Shenhua Jiujiang Power Plant project not only supports China’s "dual-carbon" goals—enhancing regional grid efficiency by 15% and reducing annual CO2 emissions by 480,000 tons—but also provides a replicable "China solution" for overseas projects through standardized, modular designs. Open Collaboration: Chinese Standards Engage Deeply in Global Energy Governance As a core member of 15 international standards organizations, including the International Electrotechnical Commission (IEC), China Electric Equipment is actively integrating Chinese technical standards into global energy systems. The three-phase integrated transformer technology has been included in the Belt and Road Energy Cooperation Promotion Catalog, while its electromagnetic calculation models were adopted by the International Council on Large Electric Systems (CIGRE) as recommended algorithms. The group has supplied over 100 ultra-high-voltage equipment units to Southeast Asia, the Middle East, and Latin America, driving a 35% increase in exports of domestically produced core components. Additionally, it established joint R&D centers in Europe and formed technology-sharing partnerships with more than 40 global energy enterprises, transitioning from "product exports" to "ecosystem collaboration." The transformer’s deployment will address Jiangxi Jiujiang’s power supply gap during the 14th Five-Year Plan period, boosting regional grid reliability by 30%. Its technological achievements have already been applied to international projects such as Saudi Arabia’s Red Sea NEOM and Chile’s carbon-neutral mining zones. Moving forward, China Electric Equipment will deepen its "innovation-smart manufacturing-openness" integrated development model, delivering higher-quality equipment for new power systems and fostering global energy interconnectivity through greater openness, ultimately contributing Chinese strength to building a shared future for humanity.

Rongke Energy Storage Launches RMB 520 Million Vanadium Flow Battery Production Line in Dalian Dalian, China – On February 24, Dalian Rongke New Energy Storage Technology Innovation and Industrial Incubation Platform commenced construction at Yinggeshi Science City, marking a milestone in China's long-duration energy storage sector. Project Overview With a total investment of RMB 800 million, this provincial-level key project will establish: Core R&D Capabilities Next-gen vanadium redox flow battery (VRFB) systems (8+ hours duration) Cost-effective iron-chromium flow batteries (12+ hours duration) Advanced Battery Development Sodium-ion batteries with 5C fast-charging and -40°C operation Hydrogen Integration Electrolyzer technologies for renewable energy coupling Technical Milestones Global Leadership: Rongke holds 216 patents covering VRFB electrolytes, bipolar plates, and stack assembly Market Dominance: 3.2GWh deployed capacity (70% global VRFB market share) Landmark Projects: World's first 100MW VRFB system (Dalian, 2022) Grid-forming hybrid storage plant with 90% round-trip efficiency CEO Vision Liu Yanhui, Chairman of Dalian Rongke Energy Storage Group, stated: "Our 16-year vertical integration strategy – from vanadium electrolyte refining to megawatt-scale system control – positions Rongke as the enabler of China's 2060 carbon neutrality. The new production line will quintuple bipolar plate output, slashing VRFB costs by 30% through: Automated electrolyte synthesis (99.9% purity) AI-driven stack assembly (0.02mm sealing precision)" Strategic Impact This facility aligns with China's 14th Five-Year Plan targets: 10GW new-type energy storage by 2025 80% renewable integration in Northeast China grid Rongke Energy Storage will make its debut at EPOWER 2025, unveiling cutting-edge products and integrated solutions.

MPMC ENERGY Commences Operations On the morning of January 16, 2025, MPMC held a grand commencement ceremony for its second global digital factory—MPMC ENERGY TECH CORPORATION (MPMC Yangzhong Plant). In the afternoon, the MPMC Ecosystem Partnership Conference and the Yangzhong Renewable Energy (Hybrid + BESS) Industry Investment Promotion Conference successfully concluded. Over 400 distinguished guests attended the ceremony, including Sheng Jia, Secretary of the Yangzhong Municipal Committee; Yu Wang, Vice Mayor of Yangzhong Municipal Government; Tao Tong, Secretary of the Yangzhong High-Tech Zone Party Working Committee and Secretary of the Sanmao Subdistrict Party Working Committee; Du Jianfeng, MPMC; and Shi Zhengrong, an iconic figure in the development of photovoltaic energy in China and globally. The MPMC Yangzhong Plant, with a total investment of RMB 193 million, occupies a Class C factory building spanning 19,000 square meters and a 3,300-square-meter R&D office building. The facility specializes in producing innovative products such as containerized intelligent diesel (gas) generator sets, lithium battery energy storage PACK modules, containerized lithium energy storage systems, PV-diesel hybrid microgrids, and solar-powered beacons. During the ceremony, Huang Qiaoyong, Director and CEO of MPMC, delivered a speech thanking guests for their support and sharing MPMC’s development history and future vision in the new energy sector. He emphasized that the opening of the Yangzhong Plant marks a new journey for MPMC in the field of new energy. Du Jianfeng, the Chairman of MPMC, shared the company's development history, reviewed the significant achievements in technological innovation, market expansion, and industry cooperation, and outlined the strategic directions and goals for future development. Marcus Schumacher, the CEO of the UAE's Jubaili Bros Group, spoke highly of the product quality and technical support of MPMC, as well as the long-term and stable cooperative relationship between the two companies. He stated that in-depth cooperation will not only promote business development in the Middle East market but also bring more diversified energy solutions to the global market. The establishment of MPMC ENERGY TECH CORPORATION marks an important milestone for MPMC in its pursuit of high-quality development and further deepens its strategic layout in the new energy field. Looking ahead, MPMC will continue to take innovation as the core, drive the energy transition and global green development, provide the world with more efficient and environmentally friendly mobile energy solutions, and contribute to building a sustainable energy future. About MPMC Shanghai MPMC Power Technology Co., Ltd. (referred to as MPMC), founded in 2008, is an international high-tech enterprise. As a world-class provider of intelligent cloud hybrid energy solutions, MPMC globally manufactures and distributes smart generator sets, mobile lighting towers, hybrid microgrid stations, and other intelligent cloud energy management solutions. Leveraging its strengths in independent R&D, proprietary intellectual property, end-to-end manufacturing, and global marketing services, MPMC has established subsidiaries and offices in the United States, South Africa, Panama, the UK, UAE, the Netherlands, and China. To date, MPMC’s products are sold in over 120 countries and regions, with distributors covering markets across the Americas, Europe, Oceania, Africa, the Middle East, and Southeast Asia. Supported by a team of over 50 experienced engineers specializing in mobile energy solutions, MPMC has also co-established a Joint Laboratory for Distributed Hybrid Energy Cloud Technology with China’s renowned Tongji University. By utilizing its self-developed "More Power Cloud" app, the laboratory focuses on advancing technical research in global hybrid cloud lifecycle management. Aspiring to lead in hybrid cloud power solutions, MPMC is committed to providing 24/7 "cloud services" to clients worldwide. MPMC is currently launching its third manufacturing plant in the United States, equipped with advanced CNC machines, welding, spraying, testing equipment, and high-standard lean manufacturing processes. Integrated with modern management systems such as CRM, ERP, PLM, MES, and OA collaborative platforms, the new plant will enhance operational standardization, transparency, efficiency, and execution. Since 2010, MPMC has been certified under ISO9001 (Quality Management), ISO14001 (Environmental Management), and OHSAS18001 (Occupational Health and Safety). Its products have obtained EU CE certification and Tire TLC certification. Key Subsidiaries SEMOOKII (established in 2021): 2 automated assembly lines. Focus: Cutting-edge lithium battery energy storage systems, including home energy storage systems, portable power stations, and battery modules. MPMC Energy Jiangsu: 6 automated assembly lines. 19,000 m² production workshop and 3,300 m² R&D center. Total investment: $20 million. Anticipated completion: 2023.

China’s Computing Power Industry Accelerates Global Collaboration as Lingang New Area Unveils Landmark Projects Shanghai, China | February 20, 2025 – In a resounding testament to China’s booming computing power industry and its commitment to global technological openness, the Lingang New Area of Shanghai hosted the 2025 “Strong Start” Major Project Signing and Key Enterprise Recognition Ceremony at the Lingang Center on February 20. The event marked the collective signing of 41 enterprises with a total investment of RMB 42.8 billion, further solidifying Lingang’s role as a global hub for next-generation digital infrastructure. Among the highlights was the signing of China Telecom’s Lingang Information Park Phase II, a RMB 25 billion mega-project set to establish a supercomputing center capable of supporting trillion-parameter AI model training. Jiang Liu, Vice General Manager of Lingang Computing Power Shanghai Technology Co., Ltd., delivered a keynote speech as a representative of the new enterprises, underscoring the strategic importance of computing power as the “engine” of the digital economy. Chen Jinshan, Member of the Shanghai Municipal Standing Committee and Secretary of the Lingang New Area Party Working Committee, attended the ceremony, reaffirming the national and global significance of Lingang’s advancements. Computing Power: Fueling China’s Digital Ambitions and Global Partnerships As a cornerstone of the digital era, computing power has emerged as a critical strategic resource driving innovation across industries. China’s computing power market, projected to grow at a CAGR of over 30% through 2030, is poised to lead global AI, big data, and semiconductor development. The Lingang New Area, leveraging its state-of-the-art infrastructure and policy advantages, is spearheading this transformation. Lingang Computing Power Shanghai, the operator of the Lingang Information Park, is accelerating the construction of its intelligent computing ecosystem. The Phase I facility, launched in 2022, delivered China’s first domestically developed 10,000-card liquid-cooled computing cluster in March 2024, now fully operational for commercial use. Phase II will expand this vision, creating a hybrid supply system integrating AI computing, general computing, and supercomputing, while collaborating with industry giants like SenseTime, China Unicom, and UCloud to advance “homegrown chips for domestic AI applications” in synergy with Lingang’s integrated circuit industry cluster. Lingang’s Computing Power Center: A Global Benchmark As the largest operator-grade computing resource hub in the Yangtze River Delta, the Lingang AI Computing Center boasts a single-cluster capacity of 10,000 GPUs, enabling seamless multi-node, multi-card parallel computing and ultra-high-throughput communication required for training trillion-parameter AI models. This infrastructure not only serves domestic innovation but also opens doors for international partnerships, aligning with China’s vision to build an open, collaborative global digital ecosystem. Driving “National-Chip Adoption” and International Synergy The Lingang Information Park Phase II project, spanning 300,000 square meters, exemplifies China’s dual focus on technological self-reliance and global integration. By fostering collaboration between telecom leaders, cloud providers, and chip manufacturers, Lingang aims to reduce dependency on foreign semiconductor technologies while inviting global enterprises to co-innovate in areas like AI algorithm optimization, energy-efficient data centers, and cross-border data governance. “China’s computing power industry is not just growing—it’s evolving as a shared global asset,” said Jiang Liu during his address. “Lingang’s open ecosystem welcomes international players to jointly explore opportunities in smart manufacturing, autonomous systems, and green computing, backed by our world-class infrastructure and policy support.” A Future Built on Openness and Innovation The Lingang New Area’s latest milestone reflects China’s broader strategy to lead the global digital economy through cutting-edge R&D, strategic investments, and international cooperation. With its unmatched scale, rapidly evolving supply chains, and commitment to sustainable growth, China’s computing power sector is set to redefine technological boundaries while offering unparalleled opportunities for global enterprises. About Lingang New Area As a flagship zone of China’s Shanghai Pilot Free Trade Zone, the Lingang New Area is a magnet for high-tech industries, offering tax incentives, streamlined regulations, and advanced infrastructure. It is home to over 1,000 AI, semiconductor, and renewable energy enterprises, driving the nation’s ambition to achieve 30% of global computing power output by 2035.