We are committed to promoting coordinated regional development and support the building of harmonious rural areas with comfortable living and working environments through working together and sharing benefits with local communities, and making contributions to the economic and social progress of the reservoir area. To achieve these, we have actively engaged in initiatives such as fixed-point poverty alleviation, community development, people's wellbeing, public welfare and charity.

In 2023, we launched paired poverty alleviation in two counties, Wushan County and Fengjie County, and implemented 31 targeted assistance projects which focused on promoting the revitalization of industries, talents, culture, ecosystems, and organizations, thus contributing to the development of rural revitalization.

(1) Revitalization of industries

Leveraging the resource advantages of the assisted areas, we helped the two counties introduce funds totaling 44.98 million yuan, attracted investment amounting to 87.34 million yuan, and procured agricultural and sideline products worth 8.8 million yuan from the assisted areas.

(2) Revitalization of talents

We conducted training in vocational skills, market operation, employment, and business startup, with a total of 7,488 participants get trained, which provided solid talent support for the development of the two counties. Additionally, we also upgraded and renovated school facilities and established science education centers for young people in the two counties, providing a platform for their learning and communication.

(3) Revitalization of ecosystems

We constructed eco-industrial parks for agricultural products such as honey pomelos, navel oranges, and highland vegetables. Additionally, we established a science and technology demonstration park for agricultural products in Wushan County. Furthermore, we developed a number of ecological demonstration villages in rural revitalization, including Sanxia Village, Xiazhuang Village, and Liuping Village.

(4) Revitalization of culture

To promote the distinctive local culture and polish the local cultural brands, we developed specific cultural experience tourism routes for Wushan County and Fengjie County, upgraded rural radio and television equipment in Wushan County, and produced promotional videos showcasing the folk culture of Fengjie County.

We have advanced the targeted assistance and public charity work through coordination in the reservoir areas near the six cascade hydropower plants, including infrastructure construction, educational support, medical assistance, and industrial support, so as to create a favorable external environment for power production and operation.

(1) Infrastructure construction

Around the Gezhouba hydropower station, we have contributed projects such as road maintenance and reconstruction, ecological environment protection, and the construction of agricultural bases. In the Wudongde hydropower station reservoir area, we have constructed water diversion projects for production and living purposes, effectively solving local problems related to field irrigation and drinking water for livestock.

(2) Educational support

In the development areas of our company's new businesses such as new energy and integrated smart energy, we have undertaken projects such as the construction of school cafeteria buildings and the transformation of campuses to low-carbon ones, aiming to improve educational facilities. Additionally, we have implemented projects such as donation for disadvantaged students in Qingshui County, Gansu Province, the CYPC Sunshine Class, and scholarships for students at Chongqing University, thus helping students from disadvantaged families to receive equitable education.

(3) Medical assistance

In the Baihetan hydropower station reservoir area, we have provided basic medical support by donating medical equipment such as electric comprehensive operating beds to the Ningnan County People's Hospital and the Baihetan Town Health Center, thereby enhancing the medical service in the reservoir area. We also launched the "Smiles" public welfare project to assist children with cleft lips and palates, providing free treatment for them.

(4) Industrial support

To create low-carbon, green, and smart villages that integrate energy and industrial development, we have actively promoted rural integrated smart energy projects in villages such as Niuzhaping Village in Yichang, Hubei Province, and Xiezhai Village in Zhoukou, Henan Province.

(5) Public welfare and voluntary activities

Focusing on fields such as science popularization of hydropower, assistance for children in reservoir areas, construction of the beautiful Yangtze River, and community services, we have established the CYPC Youth Volunteer Service Team through recruiting a total of 470 young volunteers. Since then we have organized 15 volunteer activities. Throughout the year, we delivered over 1,500 participants in public welfare activities.

(1) Tax payment

In 2023, we paid a total of 18.143 billion yuan in terms of various taxes, including 16.552 billion yuan in domestic market (including taxes such as water resource fees and reservoir area funds) and 1.591 billion yuan in international market.

(2) Community development

We fully respected the culture and customs of the areas covered by our businesses. During project construction, we protected the legal rights and interests of local communities and residents. Infrastructure facilities in the reservoir area were opened to and shared with local residents. We also prioritized local procurement and hiring, with the aim to support community building and economic development.

(3) Protection of community environment

In the Xiangjiaba hydropower station reservoir area, we have constructed over 11,000 square meters of footpaths, constructed more than 10,000 square meters of green landscape, installed 2,000 meters of railings and over 200 lighting fixtures, creating a favorable living environment for local residents.

Additionally, the Leiyang Biogas Project in Hunan Province officially commenced operations in 2023, facilitating the ecological recycling of organic waste from both urban and rural areas. It can process over 360,000 tons of organic waste annually, producing approximately 28.8 million kilowatt-hours of renewable clean energy. Furthermore, it can yield 30,000 tons of organic fertilizer and 305,000 tons of biogas slurry, thus promoting local economic development while effectively protecting the local environment.

Adhering to the philosophy of "building a human community with a shared future," we have expanded our footprints to countries such as Peru, Malaysia, Brazil, and Pakistan. In these markets, we provided internationally recognized standards such as the "CTG Standard" and the "CYPC Solutions," with an aim to promote high-quality development in the global hydropower industry.

Since we invested in Luz del Sur S.A.A. (LDS) in Peru, we've made sure to run business with a local touch. Almost all the employees in our Peruvian branch, as high as 99.49%, are locals.