Summary by Futu AI
Huaneng Power International,Inc. (Huaneng Power International) has established a risk disposal contingency plan with China Huaneng Finance Co., Ltd. (Huaneng Finance) for conducting financial business, aiming to effectively prevent, timely control, and resolve financial risks of both parties, safeguarding fund security. The plan covers deposits, loans, and other financing businesses, and is applicable to Huaneng Power International and its wholly-owned, controlling subsidiaries. The plan requires the company to establish a financial risk prevention and disposal leadership team, and the finance and budget department is responsible for risk assessment and supervision. The company will regularly disclose related transactions with Huaneng Finance and continuously monitor the risk situation of Huaneng Finance. Once a risk event occurs, the company will immediately initiate the risk disposal process. The plan has been reviewed and approved by the board of directors, and will be executed in accordance with relevant laws, regulations, and the company's articles of association.