Yanzhou Mining Group and Huaneng Group Signed Strategic Cooperation Framework

On the afternoon of September 11, the signing ceremony of the strategic cooperation framework agreement between Yanzhou Mining Group and Huaneng Group was held in the group company. The signing of the agreement between the two sides is a concrete action to implement the development strategy of the national coal-power joint venture. It will play a positive role in bringing into play the synergistic advantages of the world's top 500 enterprises, promoting the transformation of new and old momentum between the two sides, and achieving high-quality development. Li Xiyong, Secretary and Chairman of the Party Committee of the Group Company, Li Wei, General Manager, Wang Wenzong, Member of the Party Group and Vice General Manager of Huaneng Group, attended the signing ceremony.

Li Xiyong said that strengthening coal-electricity cooperation is an important measure to implement General Secretary Xi Jinping's important strategic idea of "four revolutions and one cooperation" on energy security in China and to improve the level of coal-electricity coordinated development. Huaneng Group and Yanzhou Mining Group have a good foundation for cooperation. Especially since last year, they have established Hainan International Energy Exchange Center, which has huge potential for integration and development. Yanzhou Mining Group will earnestly implement the strategic cooperation framework agreement based on the principles of openness, inclusiveness, mutual benefit and win-win. It will adhere to the principles of joint construction, consultation, sharing, complementarity and mutual benefit, give full play to its own industrial advantages, resource advantages and market advantages, including coal supply and demand, regional cooperation, coal and electricity pooling, purchase and sale of electricity and overseas projects. All-round cooperation should be carried out in this field, so as to be a model for the transformation of new and old kinetic energy and a leader for the development of synergistic integration.

Wang Wenzong introduced the development of Huaneng Group in recent years, the development strategy in the new period and the progress of major projects. He said that the signing of the contract marked the strategic cooperation between Huaneng Group and Yanzhou Mining Group entering a new stage of closer, higher level and broader field, and will certainly create a new platform and expand new space for the high-quality development of both sides. Li Wei, general manager of Yanzhou Mining Group Co., Ltd., presided over the signing ceremony and gave expectations for future cooperation between the two sides. At the signing ceremony, Yin Mingde, deputy general manager of Yanzhou Mining Group, and Chen Binghua, director of Huaneng Group Fuel Department signed the Strategic Cooperation Framework Agreement on behalf of both sides.

Huaneng Group is an important backbone enterprise approved by the State Council, a pilot project of state authorized investment institutions and state holding companies, and a top 500 enterprise in the world. As one of the key state-owned enterprises and one of China's five major power generation groups, Huaneng Group has formed the strategic target of "power as the core, coal as the basis, financial support, science and technology leading, industry coordination, building a world-class enterprise with global competitiveness", and has become the largest installed thermal power generation enterprise in China. The installed capacity of power generation ranks second in the world and first in Asia.