Huaneng Power (00902) has submitted an application for the issuance of Huaneng Coal Power REIT and the application materials have been accepted for review.

HUANENG POWER (00902) announced that, in order to implement the State Council's directive to "revitalize existing assets and expand effective investments", actively respond to the policy call of the National Development and Reform Commission and the Energy Administration to support the issuance of real estate investment trusts (REITs) for coal-fired power projects, further broaden the equity financing channels, and optimize the financing structure, the company plans to use the Huaneng Qingdao project located in the Dongjiakou Port Area of Puli Town, West Coast New Area of Qingdao as the underlying real estate project to apply for the issuance of infrastructure public offering REITs. The company also announced a public notice dated May 29, 2025 regarding the initiation of the application for infrastructure public offering REITs and the proposed spin-off, as well as a notice dated April 29, 2026 regarding the proposed spin-off and independent listing on the Shanghai Stock Exchange of real estate investment trust funds in the infrastructure sector and related transactions (referred to as the previous announcement). As disclosed in the previous announcement, the company proposes to use the Huaneng Qingdao project as the underlying asset to apply for the issuance of infrastructure public offering REITs (Huaneng Coal Power REIT). The board of directors is pleased to announce that the company officially submitted the application materials for the issuance of Huaneng Coal Power REIT to the China Securities Regulatory Commission and the Shanghai Stock Exchange on May 6, 2026 and the application was accepted on May 12, 2026. The issuance of Huaneng Coal Power REIT is subject to approval from the Shanghai Stock Exchange and the issuance of registration documents from the China Securities Regulatory Commission. The transfer of equity in the project company is still pending approval from the State-owned Assets Supervision and Administration Commission of the State Council for the transfer of equity in the project company through non-public agreement. According to the application guidance of Listing Rule No. 15, the issuance of Huaneng Coal Power REIT by the company constitutes a spin-off listing, which requires approval from The Stock Exchange of Hong Kong for the spin-off and exemption from the requirement of distributing shares as per the prescribed ratio.