On 15 October, as the placement agent of Beijing Jingneng Clean Energy Co., Ltd. (hereinafter referred to as "JNCEC"), CMS (HK) successfully assisted JNCEC in completing H-shares placement, raising a total of HK$ 924 million by placing 327 million new shares to 10 institutional investors at a price of HK$ 2.82 per share, and meanwhile, introducing high-quality long-term funds for JNCEC. This project achieved the order coverage of 2.6 times, and completed the placement at the previous closing price with 6.9% off, which was lower than the discount rate of the comparable companies in the corresponding period.

JNCEC is the largest gas-fired cogeneration supplier in Beijing and the leading wind power operator in China with a diversified clean energy portfolio, covering gas-fired power generation and heat supply, wind power generation, small and medium hydropower, photovoltaic power generation and other clean energy businesses. These businesses are scattered in Beijing, Inner Mongolia, Ningxia and the southwest of China.

JNCEC is a long-term key strategic customer of CMS (HK). This project is the largest H-shares placement project since CMS (HK)'s promotion of the "Big Investment Bank" strategy, and is a great help to CMS (HK)'s overall investment banking business development and brand building; meanwhile, it further strengthens the close working relationship between CMS (HK) and JNCEC and its parent company Beijing Energy Investment Group, laying a solid foundation for the future long-term cooperation and development.