Huaneng Power International, Inc. (Huaneng Power) announced that all eight resolutions tabled at its 2025 Annual General Meeting (AGM) on 16 June 2026 were approved by poll, paving the way for a final cash dividend of RMB 0.40 (tax inclusive) per share.
Shareholder turnout and voting results • Attendance: 1,991 shareholders and proxies, representing 9.56 billion shares or 60.91 % of voting share capital. • Resolution support: – Board work report and 2025 profit distribution plan each received more than 99.81 % and 99.96 % approval, respectively. – Special mandates: · Issuance of domestic and/or overseas debt financing instruments—99.95 % in favour. · Share issuance mandate—94.48 % in favour (H-share holders cast 37.30 % of their votes against). – Renewable entrusted loans to controlled subsidiaries—passed with 72.11 % support; 87.64 % of H-share votes were against, while connected Huaneng Group entities (46.23 % stake) abstained as required. – Director remuneration (2025) and remuneration plan (2026), plus a new remuneration management system, each secured more than 99.92 % approval.
Dividend timetable and currency details • Final dividend: RMB 0.40 per share (tax inclusive) for FY 2025, equivalent to HK$0.45475 per H share, using the RMB/HKD exchange rate of 0.87961. • Key dates: – Last day to lodge H-share transfers: 25 June 2026 (4:30 p.m.). – Register closure: 26 June – 2 July 2026 (both days inclusive). – Record date: 2 July 2026. – Payment date (on or before): 14 August 2026.
Tax withholding framework • Non-resident individuals: default 10 % withholding; lower treaty rates require post-payment applications per SAT Circular [2019] No. 35. • Non-resident enterprises: 10 % enterprise income tax withheld at source. • Northbound Trading investors: 10 % withholding in RMB via CSDC; treaty-based refunds available upon application. • Southbound Trading investors: individual income tax at 20 % withheld by CSDC; domestic enterprises self-declare.
Corporate governance and compliance The AGM was convened in accordance with PRC Company Law and Hong Kong Listing Rules. Computershare Hong Kong Investor Services acted as scrutineer, and Haiwen & Partners provided legal oversight, affirming the meeting’s legality and validity. Ten of 18 directors attended in person; Chairman Wang Kui presided.
The resolutions’ passage affirms shareholder backing for Huaneng Power’s capital-raising flexibility, financial support to subsidiaries, and updated remuneration policies, while the declared final dividend underscores the company’s commitment to shareholder returns.
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