On March 22, China Longyuan Power Group Corporation Limited held 2016 the first session of the third Board of Directors Meeting in Sanya. Qiao Baoben, the Chairman, Secretary of Leading Party Group of China Guodian Corporation, and Chairman of China Longyuan Power attended the meeting and delivered an important speech; Xie Changjun, the Leading Party Group member, Deputy General Manager of China Guodian Corporation, and Board Chairman of China Longyuan Power attended the meeting as nonvoting delegate; Li Enyi, the General Manager Assistant of China Guodian Corporation, General Manager and Executive Director of China Longyuan Power attended the meeting and introduced operation performance of the enterprise in 2015; General Manager Assistant of China Guodian Corporation, persons in charge of relevant departments, directors, supervisors, Board Secretary and Chief Accountant of China Longyuan Power attended the meeting. The meeting was presided over by Qiao Baoping.
Qiao Baoping pointed out in the meeting that in 2015 China Longyuan Power acquired favorable achievements in reform and development, and successfully marked the end for the “12th five-year plan”. Facing complex and strict operating situations, China Longyuan Power comprehensively implemented “One Objective, Five Chapters and Five Guodian” strategy, sturdily promoted “dual-improvement” work, and kept favorable operation and development trend. Aiming for the future work, Qiao put forwarded requirements in four aspects: the first is to firmly master the principle of good quality and benefits, and unswervingly follow the way of green development; build the “green card” of China Longyuan Power, boost to improve brand of “Green Guodian”; further study and master national industrial policies, prudently master development rhythm and layout, optimize and perfect the development plan of the “13th five-year plan”, strive for wind power resources in area with favorable access conditions, strong consumption ability and high electricity price, mainly develop quality resources in four types of areas without electricity restriction, actively and steadily promote overseas project development to guarantee the realization of sustainable development with good quality and benefits; deeply study price reduction plan, devise in advance, optimize layout, and enhance depth of early work to guarantee return on investment of onshore wind power projects; carefully study and implement policies sufficiently, carry out marketing if electricity volume in area with electricity restriction according to target guiding, strengthen the coordination with local governments and power grid company to actually ease the electricity restriction situations. The second is to improve professional level of overseas investment, and actively implement the strategy of “going abroad”; ceaselessly summarize project development experiences, sufficiently play the advantages of professional platform of overseas company, further refine target and measures of overseas business, strengthen connection of domestic and foreign management, perfect regulations and system, accelerate cultivating international professional talents, and gradually establish efficient and normalized international management system and framework; based on full prevention of overseas investment risks, innovate investment and acquisition ideas, expand new wind power market around existing projects, potential investment country and “One Belt One Road” strategy by national policies in aspects of business, foreign affairs and finance to strive for key breakthrough. The third is to sustainably promote management innovation, and motivate enterprise development vitality; insist on driving development by innovation, and carry out comprehensive innovation by combining internationally first-class top design and around management mechanism, management flow and management mode to further improve management efficiency; meanwhile, strengthen construction of innovation platform, enhance motivation, expand growth channel for innovative talents, innovate training mode of young employees, enhance soft strength of enterprises, and ceaselessly facilitate and expand industrial leading advantage to guarantee the completion of internationally first-class new energy company by 2020. The fourth is to perfect board of director system, and sufficiently play the decision-making role of Board of Directors; further strengthen construction of Board of Directors, ceaselessly perfect scientific decision making mechanism and power balancing mechanism, and establish efficient operation mechanism; sufficiently play the role of board of directors in significant decision making and risk control, and effectively play the role of management level in decision implementation and management efficiency improvement so as to promote scientific development of the Company; enhance unblocking information and efficient synergy of company operation, and actively play the role of independent directors; perfect board of directors system construction and operation, connect with work of Board of Directors of China Guodian Corporation; adapt to supervision rules and market situation changes, strengthen awareness of reform and innovation, improve company management level, and build the company to a industrial benchmark listed company leading in board of directors operation, business governance and operation business.
The board meeting deliberated and passed 19 proposals including Proposal on 2015 Annual Report and Results Announcement of China Longyuan Power Group Corporation Limited, Proposal on 2015 Board Meeting Work Report of China Longyuan Power Group Corporation Limited and Proposal on 2015 General Manager Work Report of China Longyuan Power Group Corporation Limited.
After the board meeting is ended, China Longyuan Power Group Corporation Limited held the 2016 first session of the Third Board of Supervisors, presided over by Xie Changjun. The supervisors meeting comprehensive reviewed 2015 operating situations and financial situations of the enterprise, discussed the duty performance situations of directors and senior management, deliberated and passed proposals such as Proposal on 2015 Annual Report and Results Announcement of China Longyuan Power Group Corporation Limited and Proposal on 2015 Supervisors Meeting Work Report of China Longyuan Power Group Corporation Limited. Directors, supervisors, board secretary and chief accountant of China Longyuan Power attended the meeting.