Funeng (600483): The Holding Subsidiary Has Received The Notice On Carrying Out The Transfer Of Power Generation Right Of LNG Power Plant In 2020

Funeng (600483. SH) announced that on October 21, 2020, Fujian Jinjiang natural gas power generation Co., Ltd., the company's holding subsidiary, received the notice on carrying out the transfer of power generation right of LNG power plant in 2020 issued by Fujian Provincial Department of industry and information technology. The main contents of the notice are as follows:

(1) in 2020, Jinjiang gas power will transfer its power generation right and generate 2.486 billion kwh.

(2) the transferor's listing transaction mode is adopted in this transfer transaction. The transferor shall declare the listing intention through the trading platform, including the trading electricity quantity and the transfer electricity price. The transferee shall declare the trading power through the trading platform within the specified trading time for delisting declaration, and the trading platform shall clear the transaction, and the transaction price shall be the listing price.

(3) the transfer transaction is organized by Fujian electric power trading center before the end of October, and the transaction time cycle is from November to December.

(4) the State Grid Fujian Electric Power Co., Ltd. settles and transfers the electricity with the transferred units according to the on grid price (including tax) approved by the competent price department.

The implementation of power generation right transfer transaction is conducive to improving the company's natural gas power generation business. In view of the fact that the transaction adopts the method of listing transaction by the transferor, the actual transaction amount and transfer price cannot be determined temporarily, so the specific impact of this transaction on the operating performance of Jinjiang gas power in 2020 cannot be accurately measured.