Gelonghui, June 17丨Huadian International Electric Power Co., Ltd. (01071.HK) announced that in order to thoroughly implement the spirit of the Central Economic Work Conference and the Central Financial Work Conference, actively implement the State Council's “Certain Opinions on Strengthening Supervision and Risk Prevention to Promote High-Quality Development of the Capital Market” and “Opinions on Further Improving the Quality of Listed Companies”, as well as the work requirements of the State Council's State-owned Assets Administration Commission and the China Securities Regulatory Commission, based on the company's high-quality development, focusing on market value management and practice, giving full play to the role of listed companies as a platform to guide the rational return of company values and achieve scientific development and high-quality development. Share development dividends with shareholders and specially formulate a special action plan to “improve quality, increase efficiency, and focus on return”.

1. Improve the quality of operations and promote transformation and development

The company adheres to the principles of seeking progress through steady progress, promoting stability first, breaking first, and breaking first, with the goal of speeding up the construction of a strong and large first-class energy listed company, solidly carrying out annual quality improvement activities for listed companies, promoting transformation and development, improving quality and efficiency, and integrated management of internal control compliance risks, focusing on enhancing the company's high-quality development capabilities and innovative collaborative service guarantee capabilities, and promoting the company's high-quality development deeper and more practical.

2. Adhere to standardized operations and consolidate the foundation for development

The company is committed to building a first-class governance system, continuously improving the modern enterprise system with Chinese characteristics, continuously deepening the effectiveness of “strengthening board building and implementing board powers”, continuously improving the corporate governance system based on the company's articles of association, and continuing to operate the company's board of directors and shareholders' meetings. At the same time, the company comprehensively sorts out the shortcomings and weaknesses in system construction, strengthens organizational system construction, strengthens professional team building, and strengthens the management of professional qualifications and competencies. Establish and improve board evaluation and corporate governance evaluation systems, and promote the continuous improvement of the level of board building and corporate governance. Continue to deepen the implementation of independent directors' deliberation mechanisms in accordance with the law, revise and improve the work system for independent directors, strengthen resource guarantees for independent directors, promote independent directors to perform their duties diligently, and comprehensively improve corporate governance capabilities and governance efficiency.

3. Strengthen the “key minority” and stimulate enterprise motivationThe company has always maintained close communication with controlling shareholders, actual controllers and “key minorities” such as directors, supervisors, and senior management personnel, and actively organizes relevant parties to participate in special training in accordance with relevant requirements, and regularly study the latest regulations and regulatory cases. Further standardize the rights and obligations of the company and shareholders, and strengthen risk sharing and benefit sharing among controlling shareholders, directors, supervisors, and senior management with the company and small and medium shareholders.

In order to enhance the enthusiasm, initiative and creativity of the company's executive team, guide the company to improve the modern enterprise system, and achieve high-quality development of the company, the company fully implemented a term system and contractual management, and formulated the “Huadian International Electric Power Co., Ltd. Management Work Plan for Management Members of Huadian International Electric Power Co., Ltd.” By clarifying the tenure of management members, signing and strictly enforcing the requirements of contracts, rigid assessment and fulfillment such as job appointment agreements and business performance responsibility letters, etc., the equal responsibilities, rights and obligations of management members are strengthened, and the interests of the executive team are deeply bound, and the interests of the company and the majority of shareholders are effectively guaranteed.

4. Continue to stabilize dividends to enhance shareholder returns

The company attaches great importance to a reasonable return on investment for investors, takes into account the principles of the overall interests of all shareholders, the long-term interests of the company and reasonable capital requirements, and implements a stable and active profit distribution policy. Insist on providing investors with sustainable cash dividends to bring long-term return on investment. The Company reviewed and approved the shareholder return plan for 2020 to 2022 at the 3rd Extraordinary General Meeting of Shareholders in 2021. In principle, the profit to be distributed in cash each year is not less than 50% of the profit that can be distributed in the consolidated statement of the current year, and the dividend per share shall not be less than RMB 0.2. The company paid cash dividends of RMB 0.25, RMB 0.25 and RMB 0.2 per share in 2020, 2021 and 2022, respectively, exceeding the return plan. Pay attention to market value management and actively promote the organic unification of the company's internal value and market value.

5. Expand communication channels and strengthen investor communication

The company adheres to the principles of timely, fair, true, accurate and complete information disclosure, effectively fulfills information disclosure obligations, optimizes information disclosure work, improves the level of investor relations management, actively and effectively conveys corporate value to the capital market, and effectively protects the legitimate rights and interests of investors. Enhance communication with investors through various channels such as exchange information disclosure platforms, company shareholders' meetings, Shanghai Stock Exchange investor briefings, domestic and international roadshows, and receiving visitors, etc., actively listen to opinions and suggestions, and respond to relevant questions in a timely manner. Keep communication channels such as investor hotlines, investor emails, and investor websites open on a daily basis, and respond positively to “Shanghai Stock Exchange e-Interactive” questions.