China Electric Power : ·CAPITAL REORGANISATION BECOMING EFFECTIVE

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 the Cayman Islands with limited liability)

(Stock Code: 8053) CAPITAL REORGANISATION BECOMING EFFECTIVE AND CHANGE OF DESIGNATED BROKER FOR PROVIDING MATCHING SERVICES FOR ODD LOTS OF SHARES ARISING FROM THE CAPITAL REORGANISATION AND POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 16 JANUARY 2012 REGARDING (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER OF NOT LESS THAN 754,975,576 OFFER SHARES AND NOT MORE THAN 837,353,336 OFFER SHARES ON THE BASIS OF FOUR OFFER SHARES FOR EVERY ONE NEW SHARE HELD ON THE RECORD DATE; AND (3) APPLICATION FOR WHITEWASH WAIVER AND GRANT OF WHITEWASH WAIVER

The Board is pleased to announce that the Capital Reorganisation will become effective before 9:00 a.m. on 17 January 2012 (Hong Kong time). Designated broker for providing matching services for odd lots of Shares arising from the Capital Reorganisation has been changed to Daily Growth Securities Limited.
The Board is also pleased to announce that all the ordinary resolutions proposed were duly passed at the EGM held on 16 January 2012 and that the Whitewash Waiver has been granted by the Executive on 11 January 2012.

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References are made to the circular (the "Circular") of China Electric Power Technology Holdings Limited (the "Company") and the notice of EGM (the "Notice") dated 21 December 2011. Unless otherwise specified, capitalised terms used in this announcement shall have the same meaning as those defined in the Circular and the Notice.

CAPITAL REORGANISATION BECOMING EFFECTIVE

On 12 January 2012 (Cayman Islands time), the Capital Reduction was confirmed by the Grand Court of Cayman Islands (the "Court") and a copy of the order of the Court confirming the Capital Reduction and the minute approved by the Court containing the particulars required under the Cayman Islands Companies Law will be filed and registered with the Registrar of Companies in the Cayman Islands on 16 January
2012 (Cayman Islands time). The Capital Reorganisation will become effective before
9:00 a.m. on 17 January 2012 (Hong Kong time).

C H A N G E O F D E S I G N AT E D B R O K E R F O R P R OV I D I N G M AT C H I N G SERVICES FOR ODD LOTS OF SHARES ARISING FROM THE CAPITAL REORGANISATION

Identity and contact details of the designated broker who will provide matching services for odd lots of Shares arising from the Capital Reorganisation were mentioned in the circular of the Company dated 11 August 2011 in relation to, among others, the Capital Reorganisation. The Board wishes to notify the Shareholders that such designated broker has now been replaced by Daily Growth Securities Limited. Shareholders who wish to take the matching services to dispose of or top up odd lots of Shares arising from the Capital Reorganisation should contact Mr. Stephen Ip or Mr. Michael Wong of Daily Growth Securities Limited at (852) 3900-1771 or Room 3705, The Center, 99 Queen's Road Central, Hong Kong during the period from 9:00 a.m. on Friday, 3 February 2012 to 4:00 p.m. on Thursday, 23 February 2012 (both dates inclusive).

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POLL RESULTS OF THE EGM

The Board is pleased to announce that all the ordinary resolutions as set out in the Notice were duly passed by the Shareholders or the Independent Shareholders (as appropriate) by way of poll at the EGM held on 16 January 2012. The numbers of Existing Shares represented by votes for or against the resolutions at the EGM were as follows, respectively:

ORDINARY RESOLUTIONS	No. of Votes (%)
ORDINARY RESOLUTIONS	FOR	AGAINST
(1)	To approve the Capital Increase (Ordinary Resolution No. 1 as set out in the Notice) and any one director of the Company be and is hereby authorised for and on behalf of the Company to execute all such documents, instruments and agreements and to do all such acts or things deemed by them to be incidental to, ancillary to or in connection with the matters contemplated in and for completion of the Capital Increase.	463,085,973 (99.78%)	1,043,966 (0.22%)
(2)	To approve the Open Offer, the entering into of the Underwriting Agreement by the Company and the transactions contemplated thereunder (Ordinary Resolution No. 2 as set out in the Notice) and any one director of the Company be and is hereby authorised to sign and execute such documents and do all such acts and things incidental to the Open Offer or as he/ she considers necessary, desirable or expedient in connection with the implementation of or giving effect to the Open Offer, the Underwriting Agreement and the transactions contemplated thereunder or in this resolution.	423,085,973 (99.75%)	1,043,966 (0.25%)
(3)	To approve the Whitewash Waiver in favour of Pacific Motion, Mr. Cheung and the parties acting in concert with any of them (Ordinary Resolution No. 3 as set out in the Notice).	423,085,973 (99.75%)	1,043,966 (0.25%)

Shareholders may refer to the Notice for the full text of the above ordinary resolutions.

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As more than 50% of the votes were cast in favour of each of the ordinary resolutions, all the ordinary resolutions were duly passed at the EGM as ordinary resolutions of the Company.
As at the date and time of the EGM, the total number of Existing Shares in issue of the
Company was 943,719,473.
The total number of shares entitling the holders thereof to attend and vote for or against the ordinary resolution numbered (1) in relation to the increase in authorised share capital set forth in the Notice was 943,719,473 Existing Shares (representing 100% of the total issued share capital of the Company). None of the Shareholders was required to abstain from voting on ordinary resolution numbered (1) at the EGM and there was no share entitling the holders thereof to attend and vote only against the ordinary resolution numbered (1) proposed at the EGM.
In view of the interests of the Underwriters in the Underwriting Agreement as disclosed in the Circular, Daily Growth, Mr. Cheng, Mr. Cheung, Pacific Motion and their ultimate beneficial owners, together with parties acting in concert with any of them and Shareholders who are not Independent Shareholders, namely Mr. Li Kangying, Mr. Wang Dongbin and Mr. Chau King Fai; and all Directors (excluding the independent non-executive Directors), the chief executive of the Company and their respective associates are required to abstain from voting on the ordinary resolutions numbered (2) and (3) at the EGM pursuant to the GEM Listing Rules and the Takeovers Code. Save for Mr. Li Kangying who held 45,500,000 Existing Shares, representing approximately
4.82% of the existing issued share capital of the Company as at the date and time of the EGM, none of the persons mentioned above held any shareholding interests of the Company and Mr. Li Kangying has so abstained from voting on the ordinary resolutions numbered (2) and (3) at the EGM. The total number of shares entitling the holders thereof to attend and vote for or against the ordinary resolutions numbered (2) and (3) in relation to the Open Offer, the Underwriting Agreement and the Whitewash Waiver set forth in the Notice was 898,219,473 Existing Shares (representing 95.18% of the total issued share capital of the Company). The total number of shares entitling the holders thereof to attend and vote only against resolution numbered (2) was 45,500,000 Existing Shares (representing 4.82% of the total issued share capital of the Company).
The vote-taking at the EGM was scrutinised by the Certified Public Accountants, BDO Limited.

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GRANT OF WHITEWASH WAIVER

The Whitewash Waiver was granted by the Executive on 11 January 2012, subject to the fulfillment of the conditions set out therein and the continued compliance by Pacific Motion and its concert parties with the Takeovers Code. Accordingly, no mandatory general offer under Rule 26 of the Takeovers Code will be required to be made by Pacific Motion and parties acting in concert with it (including Mr. Cheung) for all the issued securities of the Company not already owned or agreed to be acquired by Pacific Motion, Mr. Cheung and parties acting in concert with any of them.

EFFECT OF THE OPEN OFFER ON SHAREHOLDING STRUCTURE OF THE COMPANY

For illustration purposes only, the effects on the shareholding structure of the Company as a result of the Open Offer based on different assumed scenarios are illustrated as follows:

(1) Assuming none of the outstanding Derivatives having been exercised on or before the Record Date: Substantial Shareholders Immediately upon completion of Immediately the Open Offer, upon completion assuming all Qualifying of the Open Offer, Immediately before Shareholders take up assuming no Qualifying the completion of his/her/its entitlements Shareholders take up the Open Offer under the Open Offer the Offer Shares

Number of Number of Number of

Shares % Shares % Shares %

Crown Castle (Notes 1, 3) 46,660,000 24.72 233,300,000 24.72 46,660,000 4.94
Gold Oriental (Notes 2, 3) 32,489,194 17.21 162,445,970 17.21 32,489,194 3.44

Sub-total 79,149,194 41.93 395,745,970 41.93 79,149,194 8.38 Directors

Mr. Li Kangying (Note 4) 9,100,000 4.82 45,500,000 4.82 9,100,000 0.96
Pacific Motion and parties acting in concert with it
(including Mr. Cheung) - - - - 377,487,788 40.00

Public Shareholders

Daily Growth and/or
subscribers procured by it (Note 5) - - - - 377,487,788 40.00
Other public Shareholders 100,494,700 53.25 502,473,500 53.25 100,494,700 10.66

Total 188,743,894 100.00 943,719,470 100.00 943,719,470 100.00

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(2) Assuming the outstanding Share Options and Existing Warrants having been exercised in full on or before the Record Date:

	Immediately upon
	completion of	Immediately
	the Open Offer,	upon completion
	assuming all Qualifying	of the Open Offer,
Immediately	Shareholders take up	assuming no Qualifying
before completion of	his/her/its entitlements	Shareholders take up
the Open Offer	under the Open Offer	the Offer Shares
Number of	Number of	Number of

Shares % Shares % Shares %

Substantial Shareholders Crown Castle (Notes 1, 3)	46,660,000		22.29		233,300,000		22.29		46,660,000		4.46
Gold Oriental (Notes 2, 3)	32,489,194		15.52		162,445,970		15.52		32,489,194		3.10
Sub-total	79,149,194		37.81		395,745,970		37.81		79,149,194		7.56
Directors Mr. Li Kangying (Note 4)	10,800,000		5.16		54,000,000		5.16		10,800,000		1.03
Mr. Wang Dongbin	299,320		0.14		1,496,600		0.14		299,320		0.03
Mr. Yeung Kenneth King Wah	184,720		0.09		923,600		0.09		184,720		0.02
Mr. Gao Feng	184,720		0.09		923,600		0.09		184,720		0.02
Pacific Motion and parties

acting in concert with it
(including Mr. Cheung) - - - - 418,676,668 40.00

Public Shareholders

Daily Growth and/or
subscribers procured by it (Note 5) - - - - 418,676,668 40.00
Other public Shareholders 118,720,380 56.71 593,601,900 56.71 118,720,380 11.34

Total 209,338,334 100.00 1,046,691,670 100.00 1,046,691,670 100.00

Notes:

1. Crown Castle is a company incorporated in the British Virgin Islands and is wholly and beneficially owned by Ms. Choi Yat Wan.

2. Gold Oriental is incorporated in the British Virgin Islands and is wholly and beneficially owned by Mr. Cheung Yuet.

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3. Both Crown Castle and Gold Oriental are the Independent Shareholders and they were not involved in the discussion of, or had any involvement or interest in the Open Offer, Underwriting Agreement or the Whitewash Waiver.

4. Mr. Li Kangying is an executive Director.

5. Daily Growth undertakes and warrants to the Company that in performing its obligations under the Underwriting Agreement, no subscribers or sub-underwriters (including any direct and indirect sub-underwriters) of the Underwritten Shares will, together with any party acting in concert with any of them or any of their associates, become a substantial shareholder immediately after completion of the Open Offer.

6. The entitlement of each Shareholder named in the table above is rounded down to the nearest whole number.

By order of the Board

China Electric Power Technology Holdings Limited Li Kangying

Chairman

Hong Kong, 16 January 2012

As of the date of this announcement, the Board comprises executive Directors, namely Mr. Li Kangying (Chairman), Mr. Wang Dongbin, Mr. Cheung Jonathan and Mr. Cheng Wai Lam James; non-executive Director, namely Mr. Chau King Fai and independent non-executive Directors, namely Mr. Yeung Kenneth King Wah, Mr. Gao Feng and Mr. Chiang Sheung Yee Anthony.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

All Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the Company's website at www.ceptchina.com.

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