Shang Hai Zheng Quan Bao·2025-12-15 19:17Core Viewpoint - The board of directors of China Power Construction Corporation has made several key decisions during its 15th meeting, including the appointment of new board members and management positions, as well as the approval of various operational agreements and financial transactions [1][2][5][17]. Group 1: Board and Management Appointments - The board approved the nomination of Mr. Wang Xiaojun as a candidate for the board of directors, with a term aligned with the current board [2][3]. - Mr. Wang Xiaojun was also appointed as the general manager of the company, with the same term as the board [5][6]. - Mr. Qian Shangyou was appointed as the assistant to the general manager, also with a term aligned with the board [8][9]. Group 2: Amendments to Governance Rules - The board approved amendments to the rules of procedure for the strategic committee, human resources and compensation committee, and audit and risk management committee [10][11][12]. Group 3: Related Party Transactions - The board approved the 2026 annual routine related party transaction plan and the signing of related agreements, which will require shareholder approval [13][16]. - The board also approved a financial service framework agreement with China Power Construction Group, which will also require shareholder approval [17][19]. Group 4: Charitable Contributions - The board agreed to donate HKD 10 million to support the relief and reconstruction efforts following the fire incident in Tai Po, Hong Kong [20]. Group 5: Project Investments - The board approved the investment in the construction of a coal transfer station and dedicated railway line project in Yushuwan, Ordos, with a total investment of approximately RMB 1.024 billion [20][21]. - The board approved a change in the total investment for the Bala Hydropower Station project from RMB 7.672 billion to RMB 8.399 billion [23][24]. Group 6: Upcoming Shareholder Meeting - The company will hold its second extraordinary general meeting of 2025 on December 31, 2025, to discuss the approved resolutions [26][28].