On August 28, the official of Huaneng Group announced that China Huaneng Group Co., Ltd. held a meeting of managers above the middle level. Relevant responsible comrades of the Organization Department of the CPC Central Committee announced the decision
of the CPC Central Committee on the readjustment of the chairman and party secretary of China Huaneng Group Co., Ltd. He was removed from the posts of director, general manager and deputy secretary of the Party Leadership Group of COFCO Corporation; and Wen Shugang was removed from the posts of chairman and secretary of the Party Leadership Group of China Huaneng Group Corporation .

Bai Yong , born in October 1971, graduated from Zhongnan University of Finance and Economics with a bachelor's degree in industrial economics and an EMBA degree from Tsinghua University. Senior economist and senior accountant.
From 2007 to 2010, he served as Director, Deputy General Manager, Chief Accountant, General Manager and Deputy Secretary of the Party Committee of Hubei Energy Group Co., Ltd., a subsidiary of China Three Gorges on Yangtze River Group Co., Ltd.
From 2010 to 2018, he served as Chief Financial Officer of China Yangtze Power Co., Ltd., a subsidiary of Three Gorges Group, Director of Capital Operation Department, Director of Strategic Development Department and Director of Strategic Planning Department (Office of Board of Directors and Board of Supervisors) of Three Gorges Group.
From 2018 to 2021, he served as a member of the Party Leadership Group and Chief Accountant of Dongfang Electric Corporation.
From 2021 to 2023, he served as a member of the Standing Committee of the Party Committee, deputy general manager and chief accountant of China National Machinery Industry Corporation.
From 2023 to 2024, he served as Director and Deputy Secretary of the Party Committee of China Resources (Holdings) Co., Ltd. Since
2024, he has served as Director, General Manager and Deputy Secretary of the Party Group of COFCO Corporation.
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