Huaneng Power International Co., Ltd. held its eleventh board of directors' ninth meeting on October 29, 2024, chaired by Chairman Wang Kui, with 15 directors attending in person or by proxy. The meeting reviewed and approved various agenda items including the provision for impairment of assets, the financial report for the third quarter of 2024, mid-term adjustment opinions on the company's '14th Five-Year Plan' development, appointment of auditors for 2025, the initiation of financial derivative business in 2025, the framework agreement for routine related party transactions with Huaneng Group in 2025, financial services agreements for the years 2025 to 2027, the establishment of a joint venture company with related parties, amendments to the 'Board of Directors' Authorization and Management Methods,' and the convening of the first extraordinary...Show More

Huaneng Power International Co., Ltd. held its eleventh board of directors' ninth meeting on October 29, 2024, chaired by Chairman Wang Kui, with 15 directors attending in person or by proxy. The meeting reviewed and approved various agenda items including the provision for impairment of assets, the financial report for the third quarter of 2024, mid-term adjustment opinions on the company's '14th Five-Year Plan' development, appointment of auditors for 2025, the initiation of financial derivative business in 2025, the framework agreement for routine related party transactions with Huaneng Group in 2025, financial services agreements for the years 2025 to 2027, the establishment of a joint venture company with related parties, amendments to the 'Board of Directors' Authorization and Management Methods,' and the convening of the first extraordinary general meeting of shareholders in 2024. Some of these agenda items will be submitted for shareholders' approval. The meeting also confirmed the signing of a financial services agreement with China Huaneng Financial Co., Ltd., and the establishment of Huaneng Yunnan Yiwang Phase II Energy Co., Ltd. with Huaneng Lancang River Hydropower Co., Ltd. The meeting resolved to convene on October 29, 2024 in Beijing for approval.