The latest update is out from Huaneng Power International ( (HK:0902) ).

Huaneng Power International, Inc. announced that independent non-executive director Xia Qing has tendered his resignation as his six-year term approaches the regulatory limit, and he will also step down from his roles as chairman of the Nomination Committee and member of the Strategy and Audit Committees. Because his departure would temporarily reduce the proportion of independent directors below one-third and affect committee compliance, his resignation will only take effect once a new independent non-executive director is elected, with the company pledging to complete the supplementary election within 60 days while Xia continues to fulfill his duties and arrange a smooth handover.

The company stated that there is no disagreement between Xia and the board, and no issues related to his resignation need to be brought to shareholders’ or creditors’ attention. The board praised his contributions to governance, supervision, and decision-making, underscoring that management is treating this as a routine regulatory-driven transition and signaling continuity and stability in the company’s corporate governance framework despite the upcoming board changes.

The most recent analyst rating on (HK:0902) stock is a Sell
with a HK$4.75 price target.
To see the full list of analyst forecasts on Huaneng Power International stock,
see the HK:0902 Stock Forecast page.