CF touts Haitang Bay project, cites policy tailwinds

Mr. Yongqiang Shan reports CF ENERGY ANNOUNCES UPDATE ON HAITANG BAY SMART ENERGY PROJECT CF Energy Corp. has provided an update. Green Technology Project Award recognition The district cooling system technology of the company's controlled subsidiary, EDF Changfeng (Sanya) Energy Co. Ltd. (EDF CF) has been successfully selected for the "Hainan Province 2025 Green Technology Projects and Key Energy-Saving and Carbon-Reduction Technology Equipment Promotion Catalog." EDF CF was formally certified by the Hainan Provincial Energy Conservation and Emission Reduction Association, Hainan province, the People's Republic of China. This provincial-level authoritative recognition marks the acknowledgment from both the local government and the industry regarding the technology's advancement and practical effectiveness, fully affirming EDF CF's efforts and achievements in promoting a green and low-carbon development path. The project can reduce carbon dioxide emissions by approximately 76,000 tons annually. Hainan Free Trade Port The Hainan Free Trade Port (Hainan FTP) in southern China officially launched island-wide special customs operations on Dec. 18, 2025, a key move to boost trade and attract global business for the Hainan island. Under the new policy, the proportion of tariff lines with zero-tariff products in the Hainan FTP will increase from 21 per cent to 74 per cent, while the number of tariff-free items in Hainan will rise from about 1,900 to around 6,600, covering nearly all production equipment and raw materials. Combined with simplified customs clearance procedures, these changes are expected to enhance Hainan's competitiveness as a low-cost, high-efficiency trade hub and a key entry point for global goods. The Haitang Bay Smart Energy project The Haitang Bay Smart Energy project, which combines the use of multiple clean energy sources, including solar, hydro, electricity and natural gas (CCHP/Co-Gen), is to supply cooling, heating, as well as hot water to the hotels, shopping centres and households in the Haitang Bay area of Sanya City, the Hainan province, China. This project is conducted through EDF CF, established between CF Energy and the French EDF Group with a 30-year concession right agreement which gives EDF CF the exclusive right to build, own and operate four energy processing stations in Haitang Bay. The project is considered as a leading integrated smart energy program in China's energy market. Various advanced technologies have been applied throughout its entire pre-evaluation, construction designs and operational plans. About CF Energy Corp. (previously known as Changfeng Energy Inc.) CF Energy is a Canadian public company currently traded on the TSX Venture Exchange under the stock symbol CFY. It is an integrated energy provider and natural gas distribution company (or natural gas utility) in the PRC. CF Energy strives to combine leading clean energy technology with natural gas usage to provide sustainable energy to its customer base in China. In 2009, CF Energy was recognized as being one of China's the Top Ten Most Influential Brands in the Natural Gas Industry and in 2019, ranked amongst the 2019 TSX Venture 50 top performers on the TSX-V for the 2018 year. About EDF Group A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The group is involved in supplying energy and services to approximately 37.1 million customers, of which 26.2 million in France. We seek Safe Harbor.