PowerChina plans 2026 related party deals, board director election

Power Construction Corp of China (PowerChina) will convene its second extraordinary general meeting for 2025 on December 31, 2025. Key matters include the election of Wang Xiaojun as a director for the fourth board of directors, with his term aligning with existing directors.

Shareholders will also vote on the company’s 2026 annual related party transaction plan and the signing of related party transaction agreements. This includes a financial services framework agreement between China Power Construction Group Finance Co., Ltd. (PowerChina Finance) and its controlling shareholder, Power Construction Corp of China Group Co., Ltd. (PowerChina Group), and its subsidiaries (excluding PowerChina and its subsidiaries).

Under the proposed financial services framework, PowerChina Finance will provide deposit, loan, and other financial services to PowerChina Group and its subsidiaries from January 1, 2026, to December 31, 2026. The daily deposit balance placed by PowerChina Group with PowerChina Finance will not exceed 22 bn yuan, and daily loan balances obtained by PowerChina Group from PowerChina Finance will not exceed the daily deposit balance limit. Annual service fees for other financial services provided by PowerChina Finance to PowerChina Group will not exceed 25m yuan, and entrusted loan balances provided by PowerChina Group to PowerChina Group and its wholly-owned and controlled subsidiaries will not exceed 15 bn yuan daily.