CHINA POWER International Development Co., Ltd. announced that its subsidiary with a 60% stake, Pingwei No. 2 Power and Pingwei No. 3 Power, signed engineering general contracting agreements with Far-reaching Water Affairs on December 19, 2024, for the upgrade of wastewater treatment facilities. The total value of the two contracts is 79,802,500 RMB (approximately 85.81 million HKD). According to the contracts, Far-reaching Water Affairs will provide comprehensive services for equipment procurement, installation, debugging, etc., for Pingwei No. 2 Power and Pingwei No. 3 Power. This upgrade project aims to achieve water recycling in the flue gas desulfurization process, completely eliminate wastewater discharge, help protect freshwater resources, and reduce operating costs. As Far-reaching Water Affairs is an associated party of China Power Investment, this trade constitutes a...Show More

CHINA POWER International Development Co., Ltd. announced that its subsidiary with a 60% stake, Pingwei No. 2 Power and Pingwei No. 3 Power, signed engineering general contracting agreements with Far-reaching Water Affairs on December 19, 2024, for the upgrade of wastewater treatment facilities. The total value of the two contracts is 79,802,500 RMB (approximately 85.81 million HKD). According to the contracts, Far-reaching Water Affairs will provide comprehensive services for equipment procurement, installation, debugging, etc., for Pingwei No. 2 Power and Pingwei No. 3 Power. This upgrade project aims to achieve water recycling in the flue gas desulfurization process, completely eliminate wastewater discharge, help protect freshwater resources, and reduce operating costs. As Far-reaching Water Affairs is an associated party of China Power Investment, this trade constitutes a related party transaction for CHINA POWER. Since the applicable percentage exceeds 0.1% but is less than 5%, this trade must comply with the disclosure and reporting requirements under Chapter 14A of the Listing Rules but is exempt from the requirement for independent shareholder approval. The Directors believe that these contracts are conducted on general commercial terms, fair and reasonable to the Company's Shareholders, and in line with the overall interests of the Company and its Shareholders.