Huaneng power international approves major governance reforms, abolishes supervisory board

Huaneng Power International has announced the successful passing of key resolutions at its 2025 first extraordinary general meeting, first A share class meeting, and first H share class meeting, all held on September 23, 2025. A notable outcome was the approval of the proposal to amend the articles of association and abolish the supervisory board, which also involved amendments to class shareholder-related terms.

The resolutions included revisions to the company's articles of association and the rules of procedure for general meetings, along with changes to the rules of procedure for board meetings. These special resolutions were passed by more than two-thirds of the valid voting shares held by attending shareholders or their proxies.

Additionally, a proposal for the appointment of a new director was passed. The company’s legal counsel, Haiwen & Partners, confirmed that the convening and procedures of these meetings, as well as the qualifications of the conveners and attendees, complied with relevant laws and the company's articles of association.