China Power International Development Limited (Stock Code: 2380) announced adjustments to its Board and senior leadership, effective 17 October 2025. The resignation of Mr. He Xi as Executive Director, Chairman of the Board, and Chairman of the Risk Management Committee, the Strategic and Sustainable Development Committee, and the Executive Committee was attributed to a change in work arrangements. Mr. He confirmed no disagreement with the Board.

Mr. Wang Zichao, aged 55, has been appointed as Executive Director, Chairman of the Board, and Authorized Representative of the company. He likewise assumes leadership of the Risk Management Committee, the Strategic and Sustainable Development Committee, and the Executive Committee. A senior engineer with master's degrees in power systems and automation and in business administration, Mr. Wang previously served as an Executive Director of the company until June 2017. He has significant experience in the power sector, holding key positions at China Power International Holding Limited, Wu Ling Power Corporation, and State Power Investment Corporation Limited.

Mr. Wang’s annual compensation comprises a pre-tax basic salary of RMB400,000 plus allowances, and he is eligible for performance-based bonuses and tenure incentives. According to the Remuneration and Nomination Committee, Mr. Wang’s industry expertise and familiarity with the company’s development are expected to guide corporate strategy and uphold high standards of corporate governance.

Following these changes, all Board committee compositions remain otherwise unchanged. The company expressed appreciation for Mr. He’s contributions and extended a warm welcome to Mr. Wang in his new role.