CGN POWER (HKEX: 01816) has issued an announcement regarding proposed changes to its board.

In accordance with regulations from the China Securities Regulatory Commission, including the "Measures for the Administration of Independent Directors of Listed Companies," the continuous tenure of an independent non-executive director at the same listed company must not exceed six years. Mr. Li Fuyou has applied to resign from his positions as an independent non-executive director of the company, chairman of the board nomination committee, and member of the board audit and risk management committee and board nuclear safety committee, as his continuous tenure is about to reach the six-year limit. Separately, Ms. Xu Hua has applied to resign from her roles as an independent non-executive director, chairman of the board audit and risk management committee, and member of the board remuneration committee and board nomination committee, citing personal career development plans.

On July 2, 2026, the board proposed Mr. Cheng Wei and Mr. Peng Yi as candidates for independent non-executive directors of the company. The board intends to submit an ordinary resolution at a subsequent extraordinary general meeting for the appointment of these candidates.

The board has approved changes to the membership of its specialized committees, to take effect from the date the appointments of Mr. Cheng and Mr. Peng are approved by the extraordinary general meeting, and to remain in place until the end of the term of the fourth board of directors. The approved changes are as follows: (i) Mr. Cheng will serve as chairman of the board nomination committee and as a member of the board audit and risk management committee and the board nuclear safety committee; (ii) Mr. Peng will serve as chairman of the board audit and risk management committee and as a member of the board remuneration committee and the board nomination committee; and (iii) Mr. Yang Changli, the chairman of the board, will step down as a member of the board nomination committee, with director Ms. Li Li taking over the position.