Core Points - The company held its first extraordinary general meeting of shareholders in 2025, with no resolutions being rejected [2] - The meeting was convened by the board of directors and chaired by director Yao Huan, complying with relevant laws and regulations [2][3] Meeting Attendance - Out of 8 current directors, 3 attended the meeting, while the chairman and several other directors were absent due to work commitments [3] - Among 5 current supervisors, 3 attended, with the chairman and one supervisor absent for work reasons [3] - The company secretary and some senior management personnel were present at the meeting [3] Agenda Review - Several proposals were reviewed and approved, including: - Revision of the company's articles of association and the cancellation of the supervisory board [4] - Revision of the rules for shareholder meetings [4] - Revision of the rules for board meetings [5] - Revision of the management methods for raised funds [5] - Revision of the external guarantee management methods [5] - Revision of the independent director work system [5] - Revision of the related party transaction management system [5] - Proposals 1, 2, and 3 were special resolutions that received over two-thirds approval from the voting shareholders [5] Legal Witness - The meeting was witnessed by Beijing Jiayuan Law Firm, with lawyers Su Yang and Wang Miao providing legal opinions confirming the legality and validity of the meeting procedures and voting results [5]

Core Insights - The electric power operation and maintenance (O&M) market in China is experiencing rapid growth, with the market size projected to increase from 5.42 billion yuan in 2017 to 48.83 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 27.67% [1][9] - The industry is transitioning towards intelligent, automated, and visualized operation and maintenance practices, driven by advancements in big data, cloud computing, IoT, and artificial intelligence [1][9] - The increasing complexity of power systems and the need for high reliability and efficiency are pushing the industry to adopt new technologies and improve operational standards [1][9] Industry Overview - Electric power operation and maintenance (O&M) involves systematic management of power lines, equipment, and supply systems to ensure safe and stable operation [3] - Key activities include equipment inspection, maintenance, fault handling, data monitoring, safety management, and user support [3] Market Growth - The market size for electric power O&M in China is expected to grow significantly, from 5.42 billion yuan in 2017 to 48.83 billion yuan in 2024, with a CAGR of 27.67% [1][9] - The investment in power construction has also increased, with the total investment in power construction rising from 270 billion yuan in 2017 to 1,168.7 billion yuan in 2024, a CAGR of 23.28% [6][7] Policy Support - The electric power O&M sector has received increased attention from the government, with various regulations and guidelines aimed at promoting standardization, professionalism, and intelligence in the industry [5] - Recent policies include the establishment of a database for major accident hazards and the promotion of intelligent inspection systems [5][6] Industry Chain - The electric power O&M industry chain consists of three main segments: upstream equipment manufacturing, midstream O&M service integration, and downstream application by power generation companies [6] - Collaboration between equipment manufacturers and power generation companies is deepening, driving the evolution of O&M systems towards greater intelligence and efficiency [6] Key Companies - Notable companies in the electric power O&M sector include Zhiguang Electric, Guodian NARI, and Siyuan Electric, among others [2][10] - These companies are leveraging innovative technologies in intelligent monitoring and data analysis to enhance their market competitiveness [10] Future Trends - The industry is expected to evolve towards greater intelligence, with the integration of big data, AI, and digital twin technologies to create smart O&M platforms [13] - Automation will reshape operational models, with drones and robots gradually replacing traditional manual operations [14] - Green development will become a core focus, emphasizing low-carbon practices and the integration of renewable energy sources [15][16]

中 國 電 力 國 際 發 展 有 限 公 司 China Power International Development Limited （根據公司條例在香港註冊成立的有限責任公司） （股份代號：2380） 薪酬及提名 委員會職權範圍 成立與目的 中 國 電 力 國 際 發 展 有 限 公 司 （「 本公司 」） 於 2004 年 8 月 24 日 成立薪酬 及 提 名 委 員 會（「 委員會 」）並 訂 有 書 面 的 職 權 範 圍。本 公 司 之 董事局（「 董 事 局 」） 於 2025 年 11 月 14 日 修 訂 及重述 委員會 之 職權範圍。 委員會 須 就 本公司之董事及高級管理人員薪酬；董事的提名、委任、重選 和 各項評估；以及董事局的組成、繼任安排 和 表現評估等事宜，協助董事 局 制 定 程 序 及 訂 立 政 策 ， 並 向董事局提出建議 。 委員會應 遵 守 由 董事局、《 企業管治 守 則 》及香港聯 合 交 易所有限公司證 券 上 市 規 則（「《上市規則》」）不 時 規 定 的任何 要 求、指引及規例，或 強 制 規定的 法 律 。 「 高 級 管 理 人 員 」指 本公司 ...

薪酬及提名 委員會職權範圍 成立與目的 中 國 電 力 國 際 發 展 有 限 公 司 China Power International Development Limited （根據公司條例在香港註冊成立的有限責任公司） （股份代號：2380） 中 國 電 力 國 際 發 展 有 限 公 司 （「 本公司 」） 於 2004 年 8 月 24 日 成立薪酬 及 提 名 委 員 會（「 委員會 」）並 訂 有 書 面 的 職 權 範 圍。本 公 司 之 董事局（「 董 事 局 」） 於 2025 年 11 月 14 日 修 訂 及重述 委員會 之 職權範圍。 委員會 須 就 本公司之董事及高級管理人員薪酬；董事的提名、委任、重選 和 各項評估；以及董事局的組成、繼任安排 和 表現評估等事宜，協助董事 局 制 定 程 序 及 訂 立 政 策 ， 並 向董事局提出建議 。 委員會應 遵 守 由 董事局、《 企業管治 守 則 》及香港聯 合 交 易所有限公司證 券 上 市 規 則（「《上市規則》」）不 時 規 定 的任何 要 求、指引及規例，或 強 制 規定的 法 律 。 「 高 級 管 理 人 員 」指 本公司 ...

Core Insights - Goldman Sachs highlights that significant disparities in electricity supply are becoming a critical variable that may slow down the expansion of AI infrastructure in the United States [1] - In contrast, China's abundant and cost-effective electricity supply could attract data center investments, potentially altering the global distribution of data centers and impacting related industries such as energy equipment and high-energy-consuming sectors like aluminum [1] Electricity Supply and Demand - By 2030, under a scenario of rapid growth in data center demand, the effective reserve electricity capacity in the U.S. may fall below the industry-recognized "critical line" of 15%, posing serious challenges to grid reliability [1] - Conversely, China's situation is markedly different, with projections indicating that due to substantial investments in renewable energy, coal, and nuclear power, it will have approximately 400 gigawatts of reserve electricity capacity by 2030, exceeding its own demand and more than three times the expected global data center electricity demand of about 120 gigawatts [1] Implications for AI Development - The bottleneck in electricity infrastructure may temporarily hinder the development of AI in the U.S. at least until 2030 [1] - Companies and investors relying on large-scale data centers in the U.S. may face higher electricity costs, longer project approval times, and even risks of electricity shortages in certain regions in the future [1]

人民财讯11月13日电，11月11日，中国电力企业赴南非投资合作对接会在上海成功举办。应南非西开普 省贸易投资发展局邀请，中国电力企业联合会组织多家中方企业参会交流。来自南方电网国际公司、国 家能源集团龙源电力（001289）、中核建公司、中国电气装备集团国际公司、特变电工（600089）、隆 基绿能（601012）、威胜信息、上海良信、万帮数字能源、烟台东方威思顿、上海仕净新能源等企业国 际合作及非洲业务负责人参加交流活动。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國電力國際發展有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02380 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 12,370,150,983 | | 0 | | 12,370,150,983 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 12,370,150,983 | | 0 | | 12,3 ...

Core Viewpoint - The announcement details the resignation of Gao Ping as the Executive Director and President of China Power International Development Limited, effective October 30, 2025, and the appointment of Zhao Yonggang as his successor [1]. Group 1: Personnel Changes - Gao Ping has resigned from his positions as Executive Director, President, and member of various committees due to other work commitments [1]. - Zhao Yonggang, aged 52, has been appointed as the new Executive Director and President, and will also take over Gao Ping's roles in the Risk Management Committee, Strategic and Sustainable Development Committee, and Executive Committee [1][4]. Group 2: Background of New Appointee - Zhao Yonggang holds a Master's degree in Project Management from Changsha University of Science and Technology and is a senior engineer [4]. - Prior to this appointment, Zhao served as Vice President of the company and has held various managerial positions within the organization, including General Manager of International Business Department and General Manager of Hu Bu Power Plant [4]. Group 3: Compliance and Impact Analysis - The personnel changes have followed the necessary internal procedures and comply with the relevant regulations of the Hong Kong Stock Exchange and the company's Articles of Association [5]. - The changes are considered normal and are not expected to have a significant adverse impact on the company's daily management, operations, or debt repayment capabilities [6].

近日，全球最大指数公司明晟(MSCI)公布2025年度ESG评级结果。中国电力(02380)凭借其在清洁能源 转型、公司治理与社会责任等方面的卓越表现，实现ESG评级从BBB级到A级的跃升。 值得注意的是，这一评级是中国发电类央企在该评级体系中获得的最高等级，并创下连续两年持续提升 的纪录，标志着中国电力的可持续发展实践已达到国际优秀水平，卓越的ESG管理能力与长期投资价值 获得充分肯定。 在环境方面，公司大力推进清洁能源项目建设，显著提升风电、光伏等新能源装机比重，以实际行动助 力国家碳减排目标。在履行社会责任方面，公司持续关注员工权益与社区发展，通过如普安发电"映山 红.中电光明行"爱心助学等活动积极回馈社会，展现了央企的担当。同时，中国电力不断优化董事局结 构，强化合规管理与信息披露质量，为公司治理注入了更强韧性与透明度。 展望未来，中国电力表示将继续围绕国家"双碳"战略，加强低碳转型与创新引领，进一步深化ESG体系 建设，加强低碳转型与创新引领，致力于为推动能源可持续发展贡献更多力量。 近年来，中国电力将ESG理念深度融入企业战略与日常运营，积极对标国际先进管理经验，构建了系统 化、专业化的ESG管理 ...

Core Viewpoint - MSCI has upgraded China Power's ESG rating from BBB to A for the year 2025, marking the highest rating achieved by a Chinese state-owned power generation enterprise in this rating system, reflecting the company's commitment to sustainable development and strong ESG management capabilities [1] Group 1: ESG Rating and Achievements - China Power has achieved the highest ESG rating among Chinese state-owned power generation companies, with a continuous improvement record over the past two years [1] - The upgrade to an A rating signifies recognition of the company's sustainable development practices reaching international standards [1] Group 2: ESG Management and Initiatives - The company has integrated ESG principles into its corporate strategy and daily operations, benchmarking against international best practices to establish a systematic and professional ESG management mechanism [1] - In environmental efforts, China Power has significantly increased the proportion of installed capacity from renewable energy sources such as wind and solar power, contributing to national carbon reduction goals [1] - The company actively engages in social responsibility initiatives, focusing on employee rights and community development through programs like the "Ying Shan Hong·China Power Bright Action" educational assistance [1] - China Power has optimized its board structure and enhanced compliance management and information disclosure quality, improving governance resilience and transparency [1] Group 3: Future Outlook - Looking ahead, China Power plans to continue strengthening its low-carbon transition and innovation leadership in alignment with the national "dual carbon" strategy, further deepening its ESG system construction [2]