Corporate Governance Report

Corporate Governance Practices

China Power is committed to pursuing a high standard of corporate governance. The Board recognizes that good corporate governance is vital to the healthy and sustainable development of the Group. Through continuing exploration and practice, the Company has formed a standardized governance structure and established an effective internal control system. The Board and the management always follow good governance principles to manage the Group’s business effectively, treat all shareholders fairly and strive for the long-term, stable and growing return for the shareholders.

The Company has strictly complied with all the code provisions of Corporate Governance Code and Corporate Governance Report (the “CG Code”) as set out in the Appendix 14 to the Listing Rules throughout the year ended 31 December 2020, save for the CG Code provision of A.2.1.