CGN Power Co., Ltd. issued its first tranche of mid-term notes for the year 2019 (the "First Tranche Mid-Term Notes") on January 18, 2019. The total issuing amount of the First Tranche Mid-Term Notes is RMB 1.5 billion, with a maturity period of three years. The par value is RMB 100 and the issue interest rate is 3.50%. The interest will start to accrue on January 21, 2019 and the maturity date is January 21, 2022. Bank of China Company Limited acted as the bookrunner and arranged the underwriting syndicate for the First Tranche Mid-Term Notes. The First Tranche Mid-Term Notes were issued in the PRC interbank debenture market through book building and centralized placing. The proceeds from the First Tranche Mid-Term Notes will be used to repay the borrowings of the subsidiaries of the Company and replenish working capital.