Qianyuan Electric Power announced that Guizhou Beipanjiang Electric Power Co., Ltd., a holding subsidiary of the company, used a single source method to procure the “Artificial Intelligence Technology Research and Engineering Demonstration Project for Typical Scenes in the Field of Hydropower and New Energy”, and determined that Guodian Nanzi and Huadian Electric Power Research Institute were the winning bidders. The amount of related transactions was RMB 28.18 million and RMB 11.62 million respectively, for a total of RMB 39.8 million. Guodian Nanzi and Huadian Electronics Research Institute are both holding subsidiaries of China Huadian Group Co., Ltd., the controlling shareholder of the company. The related transaction has been reviewed and approved by the board of directors of the company, and the relevant directors have all avoided voting.

Qianyuan Electric Power announced that Guizhou Beipanjiang Electric Power Co., Ltd., a holding subsidiary of the company, used a single source method to procure the “Artificial Intelligence Technology Research and Engineering Demonstration Project for Typical Scenes in the Field of Hydropower and New Energy”, and determined that Guodian Nanzi and Huadian Electric Power Research Institute were the winning bidders. The amount of related transactions was RMB 28.18 million and RMB 11.62 million respectively, for a total of RMB 39.8 million. Guodian Nanzi and Huadian Electronics Research Institute are both holding subsidiaries of China Huadian Group Co., Ltd., the controlling shareholder of the company. The related transaction has been reviewed and approved by the board of directors of the company, and the relevant directors have all avoided voting.