CGN Power Co., Ltd. Announces 2026 First H Shareholders’ Class Meeting: Key Resolution on Share Repurchase Mandate

CGN Power Co., Ltd. (Stock Code: 1816) has issued a notice convening its 2026 First H Shareholders’ Class Meeting, set to take place at 3:30 p.m. on Wednesday, May 20, 2026, at the company’s headquarters in Shenzhen, Guangdong Province, PRC.

Key Highlights from the Notice

• Special Resolution on Share Repurchase Mandate:
  • Shareholders are asked to consider and approve the grant of a general mandate to the Board of Directors for repurchasing A Shares and/or H Shares of the company during the relevant period.
  • This mandate, if approved, would empower the Board to repurchase shares in both the domestic (A Shares) and Hong Kong (H Shares) markets, which is a significant corporate action with potential impact on the company’s share price.
• Board Composition:
  • The Board currently consists of Mr. Pang Songtao (Executive Director), Mr. Yang Changli, Ms. Li Li, Mr. Feng Jian, and Mr. Liu Huanbing (Non-Executive Directors), and Mr. Wong Ming Fung, Mr. Li Fuyou, and Ms. Xu Hua (Independent Non-Executive Directors).

Shareholder Information: Key Details and Actions Required

• Voting Arrangements:
  • All resolutions at the H Shareholders’ Class Meeting will be voted on via poll, except for procedural matters that may be decided by a show of hands at the chairman’s discretion.
  • Poll results will be published on the websites of the Hong Kong Stock Exchange and the company, ensuring transparency for investors.
• Eligibility and Record Date:
  • The register of members will be closed from May 14, 2026, to May 20, 2026 (both days inclusive). During this period, no transfer of H Shares will be processed.
  • Only shareholders whose names appear on the register on May 20, 2026, are eligible to attend and vote at the meeting.
  • To qualify, all transfer documents and relevant share certificates must be lodged with Computershare Hong Kong Investor Services Limited by 4:30 p.m. on May 13, 2026.
• Attendance and Proxy Arrangements:
  • Eligible shareholders may attend in person or by proxy. Each shareholder may appoint one or more proxies (regardless of whether the proxy is a shareholder).
  • Proxies must be appointed using the prescribed form, signed by the shareholder or authorized representative. Legal entities must affix their seal or obtain valid authorization.
  • Forms and authorization documents must be delivered to Computershare at least 24 hours before the meeting (i.e., by 3:30 p.m., May 19, 2026).
  • If a shareholder attends the meeting in person, any submitted proxy will be deemed revoked.
  • In cases of joint holdings, only the first-named shareholder on the register is entitled to vote.
• Practical Meeting Details:
  • Attendees must bring valid identification; corporate representatives need additional proof of authorization.
  • The meeting is expected to last less than half a working day, and attendees are responsible for their own travel and accommodation costs.
  • Contact details for Computershare and the company’s headquarters are provided for further inquiries.

Potential Price-Sensitive Information

• Share Repurchase Mandate:
  • The central agenda item is the proposal to grant the Board a general mandate to repurchase A Shares and/or H Shares. This is a price-sensitive action, as share buybacks often signal management’s confidence in the company’s prospects, can support the share price, and may enhance shareholder value by reducing the number of shares outstanding.
  • Investors should closely monitor the outcome of this resolution, as approval could lead to subsequent announcements regarding the timing, scale, and method of any actual share repurchases.

Conclusion

The 2026 First H Shareholders’ Class Meeting of CGN Power Co., Ltd. is a significant event for investors, with the proposed general mandate for share repurchase being a potential catalyst for the company’s share price. Shareholders are strongly encouraged to review the meeting materials in detail, ensure their eligibility, and participate either in person or via proxy to have their voices heard on this important resolution.

Disclaimer: The information provided herein is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult with professional advisers before making any investment decisions. CGN Power Co., Ltd. has not made any commitment regarding the actual execution of the share repurchase, and future developments may differ from the current proposal.

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