CONTINUING CONNECTED TRANSACTIONSNovember 3rd, 2021
FiledNovember 3rd, 2021On 3 November 2021, the Company entered into the Huaneng Group Framework Agreement with Huaneng Group, its ultimate controlling shareholder, for a term commencing on 1 January 2022 and expiring on 31 December 2022. Pursuant to the Huaneng Group Framework Agreement, the Company will conduct (among other things) the following transactions with Huaneng Group and its subsidiaries and associates: (1) purchase of ancillary equipment and parts; (2) purchase of fuel and transportation services; (3) leasing of facilities, land and office spaces; (4) technical services, engineering contracting services and other services; (5) accept the provision of entrusted sale services from Huaneng Group and its subsidiaries and associates; (6) sale of products; (7) purchase of electricity; (8) sale of electricity; (9) sale of heat; and (10) borrowing trust loans and accepting loans. Such transactions will be conducted on an on-going basis and constitute continuing connected transactions under the Hong Kong