HUADIAN POWER (01071) has completed the issuance of 2 billion yuan in medium-term notes.

HUADIAN POWER (01071) announced that the annual general meeting of shareholders of HUADIAN POWER Limited ("the Company") for the year 2023, held on June 17, 2024, has passed a resolution to authorize the Company to issue short-term financing instruments, including but not limited to commercial paper, ultra-short-term financing instruments, medium-term notes, perpetual bonds, senior USD bonds, and perpetual USD bonds, with a total principal amount not exceeding the equivalent of 60 billion RMB, starting from the approval of the annual general meeting in 2023 until the end of the annual general meeting in 2024, in accordance with the Company's funding needs. Recently, the Company has completed the issuance of the eighth tranche of medium-term notes for the year 2024 (the "current bonds"). The issuance amount of the current bonds is 2 billion RMB, with a maturity of 2 years, a face value of 100 RMB per unit, and an issuance coupon rate of 2.12%. The current bonds were underwritten by Bank of China Limited and Industrial and Commercial Bank of China Limited, and were publicly issued in the national interbank bond market through book-building and centralized placement. The proceeds from the issuance of the current bonds will be used to repay maturing debts of the Company and its subsidiaries within the scope of the consolidated financial statements, as well as to supplement working capital.