Datang International to Extend RMB65.87 Million Entrusted Loans to Two Power Units; Seeks Shareholder Nod at 2026 Fourth EGM

Bulletin Express
Yesterday

Datang International Power Generation Co., Ltd. has convened its 2026 fourth extraordinary general meeting (EGM) for 29 October 2026 in Beijing to vote on a proposal authorising a combined RMB65.87 million in financial assistance to two affiliated power generation companies.

Key Transaction • Structure: Two entrusted-loan arrangements via China Datang Group Finance Company Limited. • Beneficiaries: – Jiangsu Datang International Lvsigang Power Generation Co. Ltd. – RMB63.54 million. – Guangdong Datang International Leizhou Power Generation Co. Ltd. – RMB2.33 million. • Tenor & Cost: Each loan runs from contract effectiveness to 8 October 2029, carrying a fixed annual interest rate of 2.29%, payable quarterly. • Purpose: Fund coal-yard reserve enhancements at Lvsigang (Central Budgetary Investment) and deep-cooling system upgrades at Leizhou (Ultra-Long-Term Special Treasury Bonds), supporting national low-carbon and equipment-upgrade policies during China’s 15th Five-Year Plan.

Regulatory & Governance Highlights • Both borrowers have asset-to-liability ratios above 70%, triggering mandatory shareholder approval under Shanghai Stock Exchange listing rules. • China Datang Corporation Ltd. (CDC) and its associates—holding 53.04 % of Datang International’s share capital—must abstain from voting on the resolution. • Under Hong Kong Listing Rules, the transactions fall below the de-minimis thresholds; hence, no reporting, announcement or independent shareholders’ approval is required.

EGM Logistics • Date & Time: 29 October 2026 (Thursday) at 10:30 a.m. • Venue: 1616 Conference Room, Datang International head office, No. 9 Guangningbo Street, Xicheng District, Beijing. • Record Date: H-share register closes 26–29 October 2026; shareholders on record as of 26 October 2026 may attend and vote. • Proxy Submission: Completed forms must reach Computershare Hong Kong Investor Services by 4:30 p.m. on 23 October 2026.

Strategic Context Management states the low-cost loans will bolster coal-storage efficiency, equipment upgrades and green-transition initiatives while not impairing Datang International’s liquidity. The board has already approved the proposal at its 18th meeting of the 12th session, pending shareholder endorsement at the forthcoming EGM.

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