Huaneng Power International, Inc. has issued the first tranche of mid-term notes for 2026 (Special Debenture for Energy Supply Assurance), following the mandate approved at its 2024 annual general meeting. The total issuance reached RMB2 billion, with a maturity structure of 2+N years and an interest rate of 1.91%.

The proceeds, placed through a syndicate led by China Merchants Bank Co., Ltd., CSC Financial Co., Ltd., and CITIC Securities Company Limited, will be used to repay previously issued special debentures for energy supply assurance. The issuance falls within the Company’s rolling authorization for debt financing instruments—capped at a principal balance of up to the equivalent of RMB170 billion—from the date of approval at the 2024 annual general meeting until the conclusion of the 2025 annual general meeting.

Relevant documents have been made available on the websites of China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com.cn). The notes issuance does not constitute any notifiable transaction under Chapter 14 or 14A of the Listing Rules.