(Hong Kong, 26 August 2026) CGN NEW ENERGY HOLDINGS CO., LTD. (“CGN New Energy” or the “Company”, Stock code: 1811.HK) announces the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the “Group”) for the six months ended 30 June 2026. Unless otherwise defined, terms used in this press release shall have the same meanings as those defined in the Company’s interim results announcement published on the same date.

HIGHLIGHTS OF THE UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026

Ø Revenue amounted to US$772.8 million, representing a year-on-year decrease of 9.8%.

Ø Profit attributable to equity shareholders of the Company amounted to US$82.1 million, representing a year-on-year decrease of 49.8%.

Ø The decrease in profit was mainly attributable to the combined effect of (1) decrease in both tariff and power generation of the PRC wind projects; and (2) decrease in other gains and losses due to recognition of a gain on disposal of a PRC cogen project during the six months ended 30 June 2025.

Ø Earnings per share amounted to 1.91 US cents, representing a year-on-year decrease of 49.8%.

Ø The Board has resolved to declare an interim dividend for the six months ended 30 June 2026 of 0.67 US cents per Share (equivalent to 5.20 HK cents per Share) (for the six months ended 30 June 2025: nil), totalling approximately US$28.7 million (equivalent to approximately HK$223.1 million), which is calculated based on 4,289,924,000 Shares in issue on 26 August 2026.

In the first half of 2026, the revenue of the Group amounted to US$772.8 million, representing a decrease of 9.8% compared with US$856.5 million for the first half of 2025. The decrease in revenue was mainly attributable to the decrease in both tariff and power generation of PRC wind projects, as well as the decrease in tariff of Korea projects.

Profit attributable to equity shareholders of the Company for the six months ended 30 June 2026 amounted to US$82.1 million, representing a decrease of 49.8% from US$163.5 million for the six months ended 30 June 2025. In the first half of 2026, the operating profit of the Group, which is equal to revenue minus operating expenses, amounted to US$186.2 million, representing a decrease of 26.7% compared with US$254.0 million for the first half of 2025. The decrease in operating profit was mainly attributable to the decrease in both tariff and power generation from the PRC wind projects and the decrease in tariff for Korea projects.

The Board has resolved to declare an interim dividend for the six months ended 30 June 2026 of 0.67 US cents per Share (equivalent to 5.20 HK cents per Share) (for the six months ended 30 June 2025: nil), totalling approximately US$28.7 million (equivalent to approximately HK$223.1 million), which is calculated based on 4,289,924,000 Shares in issue on 26 August 2026.

Business Review

The Group’s portfolio of major assets comprises wind, solar, gas-fired, coal-fired, oil-fired, hydro and biomass power generation projects and an energy storage project, which are in the PRC and Korea’s power markets. The Group’s business in the PRC covers 19 provinces, two autonomous regions and two municipalities with wide geographical coverage and diversified business scope.

As at 30 June 2026, the Group’s attributable installed capacity reached 10,958.8 MW, representing an increase of 457.4 MW or 4.4% from the same period of last year, of which the wind power and solar power accounted for 68.9% of the Group’s attributable installed capacity. The attributable installed capacity of wind power amounted to 4,584.0 MW, representing an increase of 147.6 MW or 3.3% from the same period of last year; whereas the attributable installed capacity of solar power amounted to 2,967.2 MW, representing an increase of 309.8 MW or 11.7% from the same period of last year. As at 30 June 2026, the consolidated installed capacity of the Group’s power plants reached 10,275.5 MW.

As at 30 June 2026, the operations in the PRC and Korea accounted for approximately 80.2% and 19.8% of the Group’s attributable installed capacity of 10,958.8 MW respectively. Clean and renewable energy projects (namely wind, solar, gas-fired, hydro and biomass projects) accounted for 86.3% of the Group’s attributable installed capacity; and conventional energy projects (namely coal-fired and oil-fired projects) accounted for 13.7% of the Group’s attributable installed capacity.

As of 30 June 2026, the Group had the following major projects under construction (total installed capacity): (1) 557.0 MW Daesan II gas-fired project in Korea; (2) 252.0 MW offshore wind power project in Zhejiang Province, the PRC; and (3) 140.0 MW solar power project in Jiangsu Province, the PRC. The 557.0 MW Daesan II gas-fired project in Korea commenced commercial operation in July 2026.

For the six months ended 30 June 2026, the electricity generated by the Group’s consolidated power generation projects amounted to 9,307.3 GWh, representing a decrease of 2.8% from 9,575.5 GWh for the six months ended 30 June 2025. Among which, the power generation from PRC wind projects amounted to 4,523.6 GWh, representing a year-on-year decrease of 17.9%; the power generation from PRC solar projects amounted to 1,562.6 GWh, representing a year-on-year increase of 35.3%; the power generation from Korea projects amounted to 3,104.5 GWh, primarily from gas-fired and biomass projects, representing an increase of 12.8% compared to the same period in 2025.

Prospects for the Second Half of the Year

2026 marks the inaugural year of the “15th Five-Year Plan” and a critical period for the Company’s strategic transformation. Guided by the national “15th Five-Year Plan for the Construction of a New Energy System”, the Company will continue to uphold its work style of “Stringency, Prudence, Meticulosity and Pragmatism”, spare no effort to stabilize the basis foundation of our business operation, tackle development challenges with practical actions and a strong sense of responsibility, strive to accomplish all annual targets, so as to contribute to the construction of China’s new energy system and the establishment of a unified national power market system.