On account of work reason, Mr. Shu Yinbiao (the Chairman and executive Director) has recently tendered a written report to the board of directors of Huaneng Power International, Inc. according to relevant regulations, resigning from his position as the Chairman and executive Director of the Company. At the same time, he will also cease to act as the Chairman of the Strategy Committee of the board of directors of the Company. The resignation report of Mr. Shu Yinbiao shall become effective from the date on which a new Chairman is elected by the board of directors of the Company. On account of work reason, Mr. Zhao Keyu (the President) has recently tendered a written report to the board of directors of the Company according to the relevant regulations, resigning from his position as the President of the Company. The resignation of Mr. Zhao Keyu shall become effective from the date when a new President is elected by the board of directors of the Company. Each of Mr. Shu Yinbiao and Mr. Zhao Keyu confirmed that there is no disagreement with the board of directors of the Company and the Company. They are not aware of any matter in relation to their resignation that needs to be brought to the attention of the shareholders of the Company. On 5 March 2020, the "Resolution on election of the Chairman of the Company, the chairman of the Strategy Committee under the Board of Directors and the appointment of the Honorary Chairman"
was considered and approved at the 26th meeting of the ninth session of the Board of Directors. Mr. Zhao Keyu (Director) was elected the Chairman of the Ninth Session of the Board of Directors and the chairman of the Strategy Committee under the Board of Directors of the Company. At the same time, Mr. Shu Yinbiao ceased acting as the authorised representative (within the meaning of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of the Company.
Mr. Zhao Keyu (Director) is appointed as the authorised representative of the Company in replacement of Mr. Shu Yinbiao. Given the significant contributions Mr. Shu Yinbiao made to the Company during his term as the Chairman of the Company, Mr. Shu Yinbiao has been appointed as the honorary chairman of the Company since the date on which his resignation report took effect. Mr. Shu Yinbiao will continue to leverage his experience in strategic planning, operational excellence and corporate governance, and play an irreplaceable role in the Company's optimized structure, transformational development, and technological innovation, and to make further contributions to the high-quality and sustainable development of the Company. The 26th meeting of the ninth session of the Board of Directors of the Company also reviewed and approved the "Resolution on appointment of the general manager of the Company" and agreed to appoint Mr. Zhao Ping as the President of the Company. ZHAO Ping, aged 57, is currently the President and the Deputy Party Secretary of Huaneng Power. He was deputy chief of the Production Technology Office of the Production Department in Huaneng International Power Development Corporation ("HIPDC"), assistant to the manager (director) of Huaneng Fuzhou Branch Company (Power Plant), deputy manager of the Production Department of HIPDC. He also served in the Company as the deputy manager of Safety and Production Department
and of Development Planning Department; the manager of the International Corporation and Business Department and of Safety and Production Department; and as the Company's deputy chief engineer, chief engineer and vice president.