The Board of Chaowei Power Holdings Limited announced that, the company proposes to issue the second tranche of short-term financing notes with an aggregate principal amount of RMB 200 million in the national inter-bank market in the PRC on or about 23 January 2014. Term of the second tranche of the financing notes is 365 days. Fixed simple interest rate will be adopted.

The interest rate will be determined by the results of book building and centralized placing. Interest will be payable annually.