Securities code: Huaneng Power International Inc(600011) securities abbreviation: Huaneng Power International Inc(600011) Announcement No.: 2022017
Huaneng Power International Inc(600011)
Announcement on the renewal of accounting firm
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content: the company plans to continue to employ Ernst & Young Huaming Certified Public Accountants (special general partnership) as the domestic auditor of the company in 2022 and the auditor of the 20f annual report of the United States; Continue to appoint Ernst & young as the Hong Kong auditor of the company in 2022.
1、 Basic information of accounting firm
(I) institutional information
1. Basic information
Ernst & Young Huaming Certified Public Accountants (special general partnership) (hereinafter referred to as “Ernst & Young Huaming”) was established in September 1992, completed the localization transformation in August 2012, and transformed from a Sino foreign cooperative limited liability firm to a special general partnership firm. Ernst & Young Huaming is headquartered in Beijing and its registered address is room 01-12, 17th floor, Ernst & Young building, Oriental Plaza, No. 1, East Chang’an Street, Dongcheng District, Beijing. By the end of 2021, it has 203 partners, and the chief partner is Mr. Mao Anning.
By the end of 2024, there were more than 1300 certified public accountants in the securities business, among which there were more than 1604 certified public accountants in the securities business of Yongan. Ernst & Young Huaming’s total business income in 2020 was 4.76 billion yuan, including 4.589 billion yuan from audit business (including 2.146 billion yuan from securities business). In 2020, there were 100 annual report audit clients of A-share listed companies, with a total charge of 824 million yuan. The company has 3 audit clients of Listed Companies in the same industry.
2. Investor protection ability
Ernst & Young Huaming has good investor protection ability and has purchased professional insurance in accordance with relevant laws and regulations, covering Beijing head office and all branches. The sum of the accrued occupational risk fund and the purchased occupational insurance cumulative compensation limit exceeds 200 million yuan. Ernst & Young Huaming has not borne any civil liability due to civil litigation related to practice in recent three years.
3. Integrity record
Ernst & Young Huaming and its employees have not been subject to any criminal punishment or administrative punishment due to their professional behavior in recent three years, as well as the self-discipline supervision measures and disciplinary sanctions of self-discipline organizations such as stock exchanges and industry associations. It has twice received the decision of warning letter measures issued by the securities regulatory authority, involving 13 employees. The aforesaid decision to issue a warning letter is a supervisory and administrative measure, not an administrative penalty. According to the provisions of relevant laws and regulations, the supervision and management measures will not affect an Yonghua ming to continue to undertake or perform securities service business and other businesses.
(II) project information
1. Basic information
Mr. Zhang Siwei, partner of Ernst & Young Huaming project, became a certified public accountant in 2006, began to engage in the audit of Listed Companies in 2005, began to practice at Ernst & Young Huaming in 2005, and began to provide audit services for the company in 2019; In the past three years, we have signed / reviewed the annual reports / internal control audits of many listed companies, involving industries such as electric power, thermal power production and supply industry and non-ferrous metal mining and beneficiation industry. Mr. Zhang Mingyi, the signing certified public accountant, became a certified public accountant in 2005, began to engage in the audit of Listed Companies in 1994, began to practice at Ernst & Young Huaming in 1998, and began to provide audit services for the company in 2019; In the past three years, we have signed / reviewed the annual reports / internal control audits of a number of listed companies, involving industries such as power and heat production and supply, as well as non-ferrous metal smelting and rolling processing. Mr. Zhao Yizhi, the reviewer of project quality control, became a certified public accountant in 2002, began to engage in the audit of Listed Companies in 2002, began to practice at Ernst & Young Huaming in 1995, and began to provide audit services for the company in 2019; In the past three years, we have signed / reviewed the annual reports / internal control audits of several listed companies, involving industries such as power and heat production and supply, non-ferrous metal smelting and rolling processing, and non-ferrous metal mining and dressing.
2. Integrity record
Ernst & Young Huaming’s above project partners, signed certified public accountants and project quality control reviewers have not been subject to criminal punishment, administrative punishment, administrative supervision and management measures, self-discipline supervision measures and disciplinary sanctions in recent three years.
3. Independence
Ernst & Young Huaming and the above project partners, signing certified public accountants and project quality control reviewers do not violate the independence requirements of the code of professional ethics for Chinese certified public accountants.
4. Audit fees
The audit fee for 2022 is proposed to be 27.83 million yuan, including internal control audit fee of 3.98 million yuan, which shall be adjusted according to the actual audit scope.
2、 Procedures to be performed by the accounting firm to be renewed
(I) opinions of the audit committee
In 2021, the board of directors can provide independent and accurate audit opinions in the company’s annual audit, and can provide strict legal services for the company’s audit committee. The audit committee affirmed its performance. The second meeting of the audit committee of the 10th board of directors of the company in 2022 deliberated and approved the proposal on appointing the auditor of the company in 2022, and agreed to appoint Ernst & Young Huaming Certified Public Accountants (special general partnership) as the domestic auditor of the company in 2022 and the auditor of 20f annual report in the United States; Appoint Ernst & young as the Hong Kong auditor of the company in 2022. (II) prior approval and independent opinions of independent directors
The proposal on appointing auditors of the company in 2022 has been approved by the independent directors of the company in advance before being submitted to the board of directors for deliberation; The independent directors of the company expressed the following independent opinions:
Ernst & Young Huaming Certified Public Accountants (special general partnership) and Ernst & Young certified public accountants have relevant qualifications, have the ability to protect investors, have good integrity, can meet the requirements of the company’s Chinese and international financial audit and internal control audit, and can audit the company’s financial status and internal control status independently, objectively and impartially. The decision-making procedures for the company to employ an accounting firm comply with the provisions of relevant laws and regulations and the articles of association, and there is no damage to the interests of the company and minority shareholders. In conclusion, we agree to the above proposal on the appointment of auditors and agree to submit it to the general meeting of shareholders of the company for deliberation.
(III) opinions of the board of directors
The 21st Meeting of the 10th board of directors of the company deliberated and approved the proposal on the appointment of auditors of the company in 2022, and agreed to appoint Ernst & Young Huaming Certified Public Accountants (special general partnership) as the domestic auditor of the company in 2022 and the auditor of 20f annual report in the United States; Appoint Ernst & young as the Hong Kong auditor of the company in 2022.
(IV) the appointment of an accounting firm needs to be submitted to the general meeting of shareholders of the company for deliberation, and will take effect from the date of deliberation and approval by the general meeting of shareholders of the company.
It is hereby announced.
Huaneng Power International Inc(600011) board of directors March 23, 2022
