China Power renews financial services framework agreement with SPIC

China Power International Development (HKEX:2380) announced the proposed renewal of its financial services framework agreement with SPIC Financial for a three-year term starting June 7, 2025, subject to independent shareholder approval. The agreement includes deposit services, settlement services, loan services, and other financial services approved by the NFRA. A key component is the proposed annual cap of RMB12 billion for daily deposit balances, aimed at supporting the Group's expanding operations and financial needs.