China Resources Power : COMPLETION OF ISSUE OF 2019 SECOND TRANCHE NOTES IN THE PRC

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 836)

COMPLETION OF ISSUE OF

2019 SECOND TRANCHE NOTES IN THE PRC

This is a voluntary announcement made by China Resources Power Holdings Company Limited (the "Company"). Reference is made to the announcement (the "Announcement") published by the Company dated 18 December 2019 in relation to the proposed issue of medium-term notes by China Resources Power Investment Co., Ltd. Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as those defined in the Announcement.

The board of directors of the Company (the "Board") announces that on 25 December 2019, the Issuer has completed the issue of the second tranche of the Medium-Term Notes with an aggregate principal amount of RMB2,000,000,000 (equivalent to approximately HK$2,220,000,0001) ("Second Tranche Notes") in the inter-bank market in the People's Republic of China.

The Second Tranche Notes have a perpetual term and form part of the Medium-Term Notes of the Issuer.

Each of the Issuer and the Second Tranche Notes has received "AAA" rating from a credit rating agency, namely China Chengxin International Credit Rating Co., Ltd.* (中誠信國際信用評級 有限責任公司). The proceeds from issuance of the Second Tranche Notes will be applied for

replenishing working capital purposes.

• for identification purpose only

1 Conversion of RMB into HK$ is made at a rate of RMB1.00 = HK$1.11 for illustrative purpose of this announcement only

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Details in relation to the Medium-Term Notes and the Second Tranche Notes are published on the websites of China Foreign Exchange Trade System (http://www.chinamoney.com.cn) and/or Shanghai Clearing House (http://www.shclearing.com).

By Order of the Board

China Resources Power Holdings Company Limited

WANG Xiao Bin

Executive Director and Company Secretary

Hong Kong, 27 December 2019

As at the date of this announcement, the Board of the Company comprises four non-executive directors, namely Mr. LI Ru Ge (Chairman), Mr. CHEN Ying, Mr. WANG Yan and Mr. GE Changxin; three executive directors, namely Mr. TANG Yong, Mr. ZHANG Junzheng and Ms. WANG Xiao Bin; and four independent non-executive directors, namely, Mr. MA Chiu-Cheung, Andrew, Ms. LEUNG Oi-sie, Elsie, Dr. CH'IEN Kuo-fung, Raymond and Mr. SO Chak Kwong, Jack.

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