On October 29, 2024, huaneng power announced the signing of a framework agreement with huaneng group and huaneng finance, involving ongoing related trades for the fiscal years 2025 to 2027. These trades include the purchase of fuel and transportation capacity, acceptance of technical services, and deposit services, which require approval from independent shareholders. The company plans to hold an extraordinary general meeting of shareholders on December 12, 2024, to review the relevant proposals. According to the announcement, the trades under the framework agreement with huaneng group include the purchase of fuel and transportation capacity, with an estimated maximum transaction amount of 75 billion yuan for the fiscal year 2025. The framework agreement with huaneng finance covers deposit services, with a maximum daily deposit balance not exceeding 22 billion yuan...Show More

On October 29, 2024, huaneng power announced the signing of a framework agreement with huaneng group and huaneng finance, involving ongoing related trades for the fiscal years 2025 to 2027. These trades include the purchase of fuel and transportation capacity, acceptance of technical services, and deposit services, which require approval from independent shareholders. The company plans to hold an extraordinary general meeting of shareholders on December 12, 2024, to review the relevant proposals. According to the announcement, the trades under the framework agreement with huaneng group include the purchase of fuel and transportation capacity, with an estimated maximum transaction amount of 75 billion yuan for the fiscal year 2025. The framework agreement with huaneng finance covers deposit services, with a maximum daily deposit balance not exceeding 22 billion yuan. These trades must comply with the reporting and announcement requirements of Hong Kong's listing rules. Additionally, the company proposes to change the auditor, nominating Hong Kong Lixin and Lixin to act as the international and Chinese auditors for the fiscal year 2025. This move aims to maintain good corporate governance practices and will seek shareholder approval at the extraordinary general meeting. The company emphasizes that these changes will not have a significant impact on its financial condition and are in the overall interest of the shareholders.