Investment Summary

Comprehensive solution provider with complete industry chain in Power sector The company is an ultra-large group company providing comprehensive solutions and full-
chain services in the energy, power, infrastructure and real estate industries in China and all over the world. Its main business covers the fields of energy, power, waterworks, railways, ports, municipal engineering, urban rail, ecological environment protection and housing construction, it has a complete industrial chain integrating planning consultation, assessment and review, survey and design, engineering construction and management, maintenance and investment operation, technical services, equipment manufacturing and building materials. It provides customers with one-stop integrated solutions and full lifecycle management services, and it also participates in power engineering construction projects in more than 80 countries and regions in China and overseas.

The main force of “One Belt One Road” construction, international business is expected to recover In the first quarter of 2019 and 2018 full year, the company achieved brilliant results in the international business: in the first quarter of 2019, the company signed total RMB126.886 billion of the new contract, completing 26.41% of the planned annual new contract, decreasing by 4.76% YoY; the value of international new contracts signed was RMB62.441 billion, representing a significant increase of 48.92% YoY. In 2018, the value of international new contracts was RMB142.119 billion, accounting for 31% of the company`s new contracts signed in the year, increasing 7.06% YoY; among them, the number of newly signed contracts for international power projects reached RMB118.434 billion, increasing 26.18% YoY; the international contracting project realized a new contract value of RMB131.8 billion, an increase of 17.79% YoY; the “One Belt One Road” market achieved a new contract value of RMB106.673 billion, a YoY increase of 37.97%. It is expected that the company will continue benefitting from the “One Belt One Road” policy, and as the main force of construction, the company will have more overseas orders in the future.