Huaneng Power International, Inc. recently disclosed the completion of its second tranche of mid-term notes for 2026 (Special Debenture for Energy Supply Assurance). According to the announcement dated 6 February 2026, the total issuing amount reached RMB2 billion. The notes, each with a face value of RMB100, have a maturity period of 2+N years and carry an interest rate of 1.87%. This tranche was issued under the mandate approved at the 2024 annual general meeting, which allows the Company to issue debt financing instruments up to an outstanding principal balance of RMB170 billion during the authorized period.

CITIC Securities Company Limited, CSC Financial Co., Ltd., and China Merchants Bank Co., Ltd. served as joint lead underwriters, forming an underwriting syndicate to conduct book-building and placement in the domestic bond market among banks. The Company stated that proceeds from the notes will be fully applied, on a look-through basis, to repay existing special debentures for energy supply assurance. Relevant documents have been made available on the official websites of China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com.cn). The announcement also noted that this issuance does not constitute any transaction governed by Chapter 14 or Chapter 14A of the Listing Rules.