According to Article 180 of Articles of Association, the company can distribute dividends by cash or stock and shall distribute by cash bonus with priority. In principle, cash bonus shall be distributed once every year, and the company can distribute profit in the midterm if the conditions are met. The condition for distributing cash bonus is that the company makes profit in the current year; if operation conditions of the company are good, and the Board of Directors thinks that distributing stocks and dividends would be good for the long term development of the company and overall interest of all shareholders, it can propose the plan for distribution of stocks and dividends apart from the said cash bonus distribution. In principle, cash bonus of the company each year shall be no less than 50% of the profit of the parent company distributable to shareholders in the current year. For profit distribution from 2016-2020, no less than RMB 0.65 per share shall be distributed each year as cash bonus; for profit of 2021-2025, cash bonus shall be distributed each year in the amount of no less than 70% of the net profit realized in the year. Profit distribution plan of the company shall be deliberated and approved by Board of Shareholders. After resolutions are made for profit distribution plan on Shareholders Meeting of the company, the Board of Directors shall complete dividend distribution within 60 days after the Shareholders Meeting. The profit realized in the year and distributable to shareholders mentioned in the Articles of Association refers to the after-tax profit realized by the parent company in the year after offsetting losses and withdrawing accumulation fund. According to the "CYPC's Dividend Return Plan for the Next Five Years (2026-2030)", cash dividends for each year from 2026 to 2030 will be distributed at no less than 70% of the net profit attributable to shareholders of the parent company in the consolidated financial statements of the year.

Fitch maintains CYPC's "A+" international credit rating

　　Fitch Ratings, as one of the world's three largest international rating agencies along with Standard & Poor's and Moody's, is committed to providing timely, accurate and forward-looking rating opinions. Since CYPC first received an "A+" international credit rating from Fitch in April 2015, Fitch has maintained the company's "A+" rating for nine consecutive years. Such a rating is a high affirmation of CYPC's business concept and performance, which will help CYPC improve its market image, increase its corporate reputation and enhance its core competitiveness, reduce its financing cost in domestic and foreign capital markets, improve the availability of overseas financing, and promote the steady progress of CYPC's international strategy.

Moody's maintains CYPC's "A1" international credit rating

　　In September 2021, CYPC received an "A1" international credit rating from Moody's for the first time. Since 2021, Moody's has maintained the company's "A1" rating for three consecutive years. The "A1" rating given by Moody's will help CYPC consolidate its good image of sound credit standing in the international market, further improve its domestic and foreign financing ability, and boost its international development strategy.

CCXI maintains CYPC's "AAA" rating

　　Since CYPC first received the "AAA" rating from CCXI in August 2006, CCXI has maintained the CYPC's "AAA" rating for 18 consecutive years, and the outlook for rating is stable. As the largest listed hydropower enterprise in China, CYPC keeps a stable leading position in the industry and boasts outstanding scale advantages, strong capital strength, good performance in power consumption and guarantee, strong profitability and cash acquisition ability, and smooth equity and debt financing channels.