Datang International Power Generation Co., Ltd. Announces the Expiry of the Terms of Independent Non-Executive Directors
August 12, 2021 at 07:30 am EDT
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The board of directors of Datang International Power Generation Co., Ltd. announced that Mr. Luo Zhongwei ("Mr. Luo"), Mr. Liu Huangsong ("Mr. Liu") and Mr. Jiang Fuxiu ("Mr. Jiang") have served as independent non-executive directors of the Company for six consecutive years from 14 August 2015 to 13 August 2021. According to relevant regulations such as the Guiding Opinions on the Establishment of Independent Directorship of Listed Companies (the "Guiding Opinions") and the Working Guidelines of Record Keeping and Training of Independent Directors of Listed Companies promulgated by the Shanghai Stock Exchange (the "Working Guidelines"), the terms of office of Mr. Luo, Mr. Liu and Mr. Jiang have expired. Since 14 August 2021, Mr. Luo will cease to be an independent non-executive director of the Company, the deputy convener of the Strategic Development and Risk Control Committee of the Board, and a member of the Audit Committee of the Board; Mr. Liu will cease to be an independent non-executive director of the Company and the convener of the Remuneration and Appraisal Committee and the Nomination Committee of the Board; and Mr. Jiang will cease to be an independent non-executive director of the Company, the convener of the Audit Committee of the Board, a member of the Remuneration and Appraisal Committee and a member of the Nomination Committee. In view of the fact that the expiration of tenure of Mr. Luo, Mr. Liu and Mr. Jiang will result in the
number of independent non-executive directors of the Company falling less than one-third of the total
number of directors in the Board, according to relevant regulations such as the Guiding Opinions,
Work Guidelines and Articles of Association of the Company, Mr. Luo, Mr. Liu and Mr. Jiang will continue to perform their duties as independent non-executive directors and their related duties in the specialised committees of the Board until new independent non-executive directors are elected at the general meeting of the Company. The Company will complete the election of independent non-executive directors within three months in accordance with relevant regulations.
Datang International Power Generation Co., Ltd. is a power generation company. The principal activities of the Company are power generation and power plant development in the People's Republic of China (PRC). It is also engaged in activities, including the sale of electricity and thermal power, repair and testing of power equipment, power related technical services, coal trading, chemical products manufacturing and selling, coal chemistry, transportation and recycling. The Company's segments include Power generation, Coal, Chemical and Other. The power generation businesses of the Company and its subsidiaries are primarily distributed across Beijing, Tianjin, Hebei Province, the Inner Mongolia Autonomous Region, Shanxi Province, Liaoning Province, Gansu Province, Sichuan Province and the Tibet Autonomous Region, among others. The power generation business includes coal-fired power projects, hydropower projects, photovoltaic projects and wind power projects.