HUANENG POWER (00902): Infrastructure Public REITs Listing

HUANENG POWER (00902) announced that the Great Wall Huaneng Coal-Fired Power Closed-End Infrastructure Securities Investment Fund (the "Huaneng Coal Power REIT" or the "Infrastructure Public REITs") received a no-objection letter issued by the Shanghai Stock Exchange on September 11, 2026, obtained approval from the China Securities Regulatory Commission for registration on September 20, 2026, completed the fund offering on October 13, 2026, and has been listed on the Shanghai Stock Exchange since November 6, 2026, with the trading code "508081", the on-exchange fund abbreviation "Huaneng REIT", and the extended abbreviation "Great Wall Huaneng Coal-Fired Power REIT". The Huaneng Coal Power REIT ultimately raised 1 billion fund units, at an offering price of RMB3.198 per unit, with net proceeds from the fund offering of RMB3.198 billion; combined with interest during the offering period, the total amount raised by the fund was RMB3.2 billion. The Huaneng Coal Power REIT offering consisted of three parts: strategic placement, off-exchange offering, and public investor offering: The number of fund units under strategic placement was 700 million, accounting for 70% of the total offered units, of which the original equity holder Qingdao Thermal Power and the Company, a party under the same control as Qingdao Thermal Power, subscribed for 170 million units and 340 million units respectively, together accounting for 51% of the total offered units; other strategic investors subscribed for 190 million units, accounting for 19% of the total offered units; Off-exchange investors subscribed for 210 million units, accounting for 21% of the total offered units; and Public investors subscribed for 90 million units, accounting for 9% of the total offered units. Carrying out infrastructure public REITs helps the Company revitalize high-quality existing infrastructure assets, further broaden financing channels, promote a virtuous cycle of the Company's investment in the energy sector, and enhance the Company's capacity for sustainable development.