China Power Attends Hong Kong Green and Sustainable Finance Development Forum and Receives Highest Industry ESG Rating

On July 18, 2024, the Hong Kong Green and Sustainable Finance Development Forum, co-hosted by China Chengxin (Asia Pacific) Credit Ratings Company Limited ("CCXAP"), China Chengxin Green Finance International Limited. ("CCXGFI"), and Chinese Financial Association of Hong Kong ("HCFA"), was held in Hong Kong. China Power was invited to participate in the forum, where it received the highest industry ESG rating of "AA" and released its ESG strategy.

Mr. He Xi, Chairman of China Power, delivered a keynote speech, sharing China Power's ESG practice experience and introducing its ESG strategic model and implementation path. The ESG strategic model is designed with a seven-layer structure, with six strategic dimensions forming detailed practical paths and short-, medium-, and long-term phased goals. As one of the first companies in China to promote clean coal utilization and new energy power generation, China Power innovatively initiated a dual-drive development model focused on "clean, low-carbon energy" and "strategic emerging industries", leading the transformation from a "traditional thermal power" enterprise to a clean energy company. As global attention to sustainable development grows, China Power sees ESG as an important tool for driving company value creation and sustainable development, continuously improving its ESG governance and carrying out ESG risk identification and management.

At the forum, CCXGFI held an ESG rating award ceremony, announcing that China Power had received the highest industry rating of "AA," reflecting the leading domestic rating agency's high recognition of China Power's sustainability practices.