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Chaowei Power Holdings Limited

(incorporated in the Cayman Islands with limited liability) (Stock code: 951)

PROPOSED ISSUE OF SECOND TRANCHE OF SHORT TERM FINANCING NOTES BY CHAOWEI POWER

This announcement is made by the Company pursuant to the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.
Reference is made to the announcement of the Company dated 19 February 2013 relating to the issuance of the first tranche of short-term financing notes by Chaowei Power. The Board is pleased to announce that, Chaowei Power proposes to issue the second tranche of short-term financing notes with an aggregate principal amount of RMB200 million in the national inter-bank market in the PRC on or about 23 January 2014.
Further information of the proposed issue of the short term financing notes is set out below: Issuer: Chaowei Power
Aggregate maximum principal amount of the financing notes registered
with the Association:
RMB800 million
Principal amount of the second tranche of the financing notes:
RMB200 million
Date of issue of the second tranche: On or about 23 January 2014
Place of issue: PRC
Term of the second tranche of the financing notes:
365 days
1
Interest rate: Fixed simple interest rate will be adopted. The interest rate will be determined by the results of book building and centralised placing. Interest will be payable annually.
Underwriter/bookrunner: Industrial and Commercial Bank of China
Limited
Use of proceeds: General working capital

As the proposed issue of the short-term financing notes may or may not proceed, Shareholders and prospective investors are reminded to exercise caution when dealing in the shares of the Company.

DEFINITIONS

In this announcement, the following expressions shall have the following meanings unless the context requires otherwise:
"Association" National Association of Financial Market Institutional Investors
( )
"Board" the board of Directors of the Company
"Chaowei Power" Chaowei Power Co., Ltd.* (M,O