CGN New Energy : Announcement Trading Update Power Generation For February 2021

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CGN NEW ENERGY HOLDINGS CO., LTD.

中國廣核新能源控股有限公司

(incorporated in Bermuda with limited liability)

(Stock code: 1811)

Announcement Trading Update

Power Generation For February 2021

This announcement is made by CGN New Energy Holdings Co., Ltd. (the "Company") on a voluntary basis.

The board (the "Board") of directors (the "Directors") of the Company announces that, according to the preliminary statistics of the Company, the power generation of the Company and its subsidiaries (the "Group") on a consolidated basis amounted to 1,470.8GWh for the month of February 2021, representing an increase of 38.9% compared with the corresponding period of 2020. In particular, power generation of PRC wind projects increased by 108.0%, power generation of PRC solar projects increased by 37.1%, power generation of PRC coal-fired, cogen and gas-fired projects increased by 7.3%, power generation of PRC hydro projects decreased by 44.0% and power generation of Korea gas-fired projects increased by 13.0%. For the two months ended 28 February 2021, the accumulated power generation of the Group amounted to 2,851.2 GWh, representing an increase of 43.5% compared with the corresponding period of 2020. In particular, power generation of PRC wind projects increased by 134.8%, power generation of PRC solar projects increased by 47.4%, power generation of PRC coal-fired, cogen and gas-fired projects increased by 78.1%, power generation of PRC hydro projects decreased by 31.2% and power generation of Korea gas-fired projects increased by 6.7%.

Details of the power generation of the Group for February 2021 (with corresponding period of 2020) are set out as follows:

Accumulated
power
generation	Accumulated	Year-on-year
for the	power	percentage
Year-on-year	two months	generation	change of
Power	Power	percentage	ended	for the	accumulated
generation for	generation for	change for	28 February	corresponding	annual power
February 2021	February 2020	February	2021	period of 2020	generation
(GWh)	(GWh)	(%)	(GWh)	(GWh)	(%)
PRC wind projects	618.7	297.4	108.0	1,217.4	518.5	134.8
PRC solar projects	118.6	86.5	37.1	231.6	157.1	47.4
PRC coal-fired, cogen and
gas-fired projects	25.0	23.3	7.3	89.6	50.3	78.1
PRC hydro projects	27.4	48.9	(44.0)1	60.2	87.5	(31.2)
Korea gas-fired projects	681.1	602.6	13.0	1,252.4	1,173.9	6.7
Total	1,470.8	1,058.7	38.9	2,851.2	1,987.3	43.5

1:

As one of the projects in Guangxi experienced a decrease in water inflows in February 2021 as compared with the corresponding period of last year, and a unit of the power plant was under inspection and repair. It caused a year-on-year decease in power generation in February 2021.

Note: Certain figures included in this announcement have been subject to rounding adjustments, or have been rounded to one decimal place. Any discrepancies between the total shown and the sum of the amounts listed are due to rounding.

The above trading update for February 2021 is based on preliminary internal management information and such information is unaudited and is for the purpose of investors' reference only.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

CGN New Energy Holdings Co., Ltd.

Li Yilun

President and Executive Director

Hong Kong, 10 March, 2021

As at the date of this announcement, the Board comprises seven Directors, namely:

Chairman and non-executive Director	:	Mr. Chen Sui
Executive Directors	:	Mr. Li Yilun (President) and
Mr. Zhang Zhiwu
Non-executive Director	:	Mr. Xing Ping
Independent non-executive Directors	:	Mr. Wang Minhao,
Mr. Yang Xiaosheng and
Mr. Leung Chi Ching Frederick
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