Tongding Interconnection: Q1 Performance Driven by Two Segments, Focusing on Core Business and Developing New Business

On May 20, Dynanonic disclosed that it plans to sign an "Investment Agreement for the Dynanonic Lithium Battery New Materials Integration Project" with the People's Government of Zhanyi District, Qujing City. The company intends to invest in the construction of a new "Dynanonic Lithium Battery New Materials Integration Project" in the Qujing High-tech Industrial Development Zone. The project will primarily build a 200,000 tons/year advanced phosphate material production line, along with supporting auxiliary facilities for fire protection, environmental protection, research and development, and office use. The estimated total investment for the project is approximately 2.4 billion yuan. The construction period is 24 months, with plans to commence in May 2026.

[Two Departments: Self-consumed Power Generation Ratio for Multi-user Green Electricity Direct Connection Projects Shall Be No Less Than 60%] The National Development and Reform Commission (NDRC) and the National Energy Administration issued a notice on matters related to the orderly promotion of multi-user green electricity direct connection development. The notice stated that provincial energy authorities should strengthen overall planning for such projects. Projects should reasonably plan new energy installed capacity in accordance with the principle of "determining supply based on demand," with the ratio of annual self-consumed power generation to total available power generation being no less than 60%, and the ratio to total electricity consumption being no less than 30%, rising to no less than 35% before 2030. The wind power and solar power generation capacity of projects is to be incorporated into the new energy power generation development and construction plans formulated by provincial energy authorities, with relevant planning management requirements implemented in accordance with the Notice on Matters Related to the Orderly Promotion of Green Electricity Direct Connection Development. Projects and their internal resources are exempt from electricity business permits, unless otherwise stipulated.

[China Huaneng and LONGi Green Energy Sign Strategic Cooperation Agreement] On May 19, according to China Huaneng, China Huaneng Group Co., Ltd. and LONGi Green Energy Technology Co., Ltd. signed a strategic cooperation agreement at the Group's headquarters. Under the cooperation agreement, the two parties will further cooperate in areas such as new energy project development, technological innovation, and industrial application.