Huaneng Power International, Inc. released its remuneration framework for directors and senior management covering the period from 1 January 2026 to 31 December 2026. The policy aims to align compensation with corporate strategy, performance, and regulatory requirements while introducing explicit incentive and restraint mechanisms.
Key Design Principles 1. Strategy Alignment: Remuneration structures are tailored to support strategic transformation, technology innovation, and quality-efficiency enhancements. 2. Incentive–Restraint Balance: Short-term and long-term incentives are linked to both corporate and individual performance, incorporating deferred payment and clawback provisions. 3. Standardised Governance: Clear procedures govern pay determination, with an emphasis on internal equity between executives and ordinary employees.
Compensation Structure and Rates • Independent directors will receive a pre-tax allowance of RMB 0.30 million per person annually, payable quarterly. • External non-independent directors will not receive remuneration from the company. • Internal directors and senior management will be remunerated through four components: – Base annual salary (fixed pay reflecting job responsibilities); – Allowances and subsidies (including transportation and other statutory items), paid monthly; – Performance-based annual salary, prepaid monthly, reconciled and deferred annually, and set at a minimum of 50% of the combined base and performance-based pay; – Term incentive income, settled after each service term based on operating performance assessments.
Additional Provisions • All payouts are quoted on a pre-tax basis; statutory deductions will be withheld. • Compensation is prorated for executives departing mid-term due to rotation or other reasons. • In cases of losses caused by illegal or non-compliant actions, the company reserves the right to reduce or claw back remuneration.
Board Composition The announcement lists 17 directors, including two executive directors, nine non-executive directors, and six independent non-executive directors. The statement was signed by Joint Company Secretary Wen Minggang in Beijing on 21 May 2026.