The Group made great efforts in the development of new energy business and continued to promote investment in industry funds. Moreover, the Group actively seized the investment opportunities in new energy and fully leveraged its existing land resources to promote the integrated development of coal and new energy and coal power and new energy. The increased installed capacity of photovoltaic power generation for external commercial operation was 259 MW in 2025. Beijing Guoneng New Energy Industry Investment Fund and Beijing Guoneng Green and Low-Carbon Development Investment Fund, which were established with the participation of the Company, have been operating smoothly. As of the end of 2025, these two funds had accumulative investments in and acquisitions of renewable energy such as photovoltaic and wind power generation with a total installed capacity of 6.80 million kW.