HUANENG POWER (00902) plans to increase capital by RMB315 million in Shidaowan Nuclear Power in proportion to its shareholding

HUANENG POWER (00902) announced that on October 27, 2026, the company, the other shareholders of Shidaowan Nuclear Power, and Shidaowan Nuclear Power entered into a capital increase agreement, pursuant to which the company and the other shareholders of Shidaowan Nuclear Power will subscribe in cash for the newly added registered capital of Shidaowan Nuclear Power in proportion to their respective shareholdings. The company will subscribe for part of the newly added registered capital of Shidaowan Nuclear Power with RMB315 million. Upon completion of this capital increase, the registered capital of Shidaowan Nuclear Power will increase to RMB7.643 billion, and the company's shareholding in Shidaowan Nuclear Power will remain unchanged at 22.5%. The board believes that this capital increase will further enhance Shidaowan Nuclear Power's financing capacity and risk resistance, thereby safeguarding the funding needs of Shidaowan Nuclear Power's related projects and promoting the implementation of the relevant projects as planned. The transaction is in line with the national "dual carbon" strategic direction and the company's objective needs, and is conducive to increasing the proportion of the company's high-quality assets.