Datang Intl H Regulatory News (DAT)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong KongLimited take no responsibility for the contents of this announcement, make norepresentation as to its accuracy or completeness and expressly disclaim anyliability whatsoever for any loss howsoever arising from or in reliance uponthe whole or any part of the contents of this announcement. DATANG INTERNATIONAL POWER GENERATION CO., LTD. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 00991) ANNOUNCEMENT CONNECTED TRANSACTIONS TECHNOLOGICAL TRANSFORMATION PROJECT CONTRACTS Pursuant to the resolution of the fifth meeting of the eighth session of theBoard on the consideration and approval of the "Resolution on the Tendering forthe Technological Transformation Projects of Datang International and itsSubsidiaries" on 6 December 2013 (details of which were set out in the overseasregulatory announcement of the Company dated 6 December 2013), the Company andits subsidiaries have invited public tender for their TechnologicalTransformation Projects in 2014. According to the result of the tender, certainsubsidiaries and power plants of the Company entered into a total of nineTechnological Transformation Project Contracts with Certain Subsidiaries ofCDC, with the aggregate contract amount of approximately RMB510.061 million. LISTING RULES IMPLICATIONS As at the date of this announcement, CDC is the controlling Shareholder of theCompany, which together with its subsidiaries hold 34.71% of the issued sharecapital of the Company. Pursuant to Chapter 14A of the Listing Rules, sincesuch Certain Subsidiaries of CDC are subsidiaries of CDC or consortium formedby the subsidiaries of CDC, they are connected persons of the Company and thetransactions under the Technological Transformation Project Contractsconstitute connected transactions of the Company. As one or more of the applicable percentage ratios (as defined under Rule 14.07of the Listing Rules) in respect of the aggregated transaction amount under thenine Technological Transformation Project Contracts is more than 0.1% but lessthan 5%, the Technological Transformation Project Contracts and thetransactions thereunder are subject to the reporting and announcementrequirements under Chapter 14A of the Listing Rules but do not require theapproval by the independent Shareholders of the Company. On 20 March 2014, the contract amount of the Technological TransformationProject Contract entered into between Zhangjiakou Power Plant and DatangEngineering Company exceeded the de minimis threshold under Rule 14A.76 of theListing Rules and required reporting and announcement under Chapter 14A of theListing Rules. The Company made supplemental disclosure of the TechnologicalTransformation Project Contracts in order to comply with the relevant reportingand announcement requirements under Chapter 14A of the Listing Rules. TECHNOLOGICAL TRANSFORMATION PROJECT CONTRACTS Pursuant to the "Resolution on the Tendering for the TechnologicalTransformation Projects of Datang International and its Subsidiaries"considered and approved in the fifth meeting of the eighth session of the Boardon 6 December 2013 (details of which were set out in the overseas regulatoryannouncement dated 6 December 2013), the Company and its subsidiaries haveinvited public tender for their Technological Transformation Projects in 2014.According to the result of the tender, certain subsidiaries and power plants ofthe Company entered into a total of nine Technological Transformation ProjectContracts with Certain Subsidiaries of CDC, with the aggregate contract amountof approximately RMB510.061 million. Date of contracts: Various dates from March 2014 to July 2014 Parties: (1) Certain subsidiaries and power plants of the Company: Zhangjiakou Power Plant, Wangtan Power Generation Company, Zhangjiakou Thermal Power Company, Jinzhou Thermal Power Company, Keqi Coal-based Gas Company, Xinyu Power Generation Company, Chaozhou Power Generation Company and Ningde Power Generation Company (2) Certain Subsidiaries of CDC: Datang Technology Industry Company, Datang Engineering Company and Datang Technology Industry Company-Datang Engineering Company consortium Major terms of the contracts: During March 2014 to July 2014, the parties entered into a total of nineTechnological Transformation Project Contracts, and the terms of which arematerially the same. The major terms are summarised as follows: Subject Datang Technology Industry Company, Datang Engineering Company andmatter Datang Technology Industry Company - Datang Engineering Company consortium entered into nine Technological Transformation Project Contracts with eight subsidiaries and power plants of the Company Name of the (1) Zhangjiakou Power Plant entered into the "General EPC Contractcontracts for Transformation Project for the Bag-type Dust Collectors of Boilers No. 1 and 4 of 300MW Power Generating Units No. 1 and 4 of Zhangjiakou Power Plant" with Datang Engineering Company, pursuant to which, Zhangjiakou Power Plant agreed to appoint Datang Engineering Company to carry out the transformation project for the bag-type dust collectors of boilers of its power generating units, with an aggregate contract amount of RMB34.85 million. (2) Zhangjiakou Power Plant entered into the "General EPC Contract for Transformation Project for the Bag-type Dust Collectors of Boilers No. 3 and 7 of 300MW Power Generating Units No. 3 and 7 of Zhangjiakou Power Plant" with Datang Engineering Company, pursuant to which, Zhangjiakou Power Plant agreed to appoint Datang Engineering Company to carry out the transformation project for bag-type dust collectors of boilers of its power generating units, with an aggregate contract amount of RMB50.15 million. (3) Chaozhou Power Generation Company entered into the "Commercial Contract for Transformation Project for the Power Supply of the Electrostatic Dust Precipitators of Boilers No. 3 and 4 of the Power Generating Units of Chaozhou Power Generation Company" with Datang Engineering Company, pursuant to which, Chaozhou Power Generation Company agreed to appoint Datang Engineering Company to carry out the transformation project for electrostatic dust precipitators of boilers of its power generating units, with an aggregate contract amount of RMB6.831 million. (4) Ningde Power Generation Company entered into the "Purchase and Sale Contract for Equipment for the Transformation of the Power Supply of the Electrostatic Dust Precipitators of Power Generating Units No. 2 and 3 of Ningde Power Generation Company" with Datang Engineering Company, pursuant to which, Ningde Power Generation Company agreed to purchase transformation equipment for the power supply of the electrostatic dust precipitators of its power generating units from Datang Engineering Company, with an aggregate contract amount of RMB5.211 million. (5) Keqi Coal-based Gas Company entered into the "General Contract for the Denitrification Project of 3×470t/h Coal-fired Boilers of the Power Generating Units of Keqi Coal-based Gas Company" with Datang Engineering Company, pursuant to which, Keqi Coal-based Gas Company agreed to appoint Datang Engineering Company to carry out general contracting of the denitrification engineering work for its coal-fired boilers, with an aggregate contract amount of RMB99.47 million. (6) Wangtan Power Generation Company entered into the "Contract for Capacity Expansion and Transformation Project for the Flue Gas Desulfurisation System of Power Generating Units No. 1 and 2 of Wangtan Power Generation Company" with Datang Technology Industry Company-Datang Engineering Company consortium, pursuant to which, Wangtan Power Generation Company agreed to appoint Datang Technology Industry Company-Datang Engineering Company consortium to carry out the capacity expansion and transformation project for the flue gas desulfurisation system of its power generating units, with an aggregate contract amount of RMB124.98 million. (7) Zhangjiakou Thermal Power Company entered into the "Contract for Capacity Expansion and Transformation Project for the Flue Gas Desulfurisation System of Power Generating Units No. 1 and 2 of Zhangjiakou Thermal Power Company" with Datang Technology Industry Company-Datang Engineering Company consortium, pursuant to which, Zhangjiakou Thermal Power Company agreed to appoint Datang Technology Industry Company-Datang Engineering Company consortium to carry out the capacity expansion and transformation project for the flue gas desulfurisation system of its power generating units, with an aggregate contract amount of RMB84.58 million. (8) Jinzhou Thermal Power Company entered into the "Contract for Transformation Project for the Electrostatic Dust Precipitators of Boilers No. 1 and 2 of Power Generating Units of Jinzhou Thermal Power Company" with Datang Engineering Company, pursuant to which, Jinzhou Thermal Power Company agreed to appoint Datang Engineering Company to carry out the transformation project for the electrostatic dust precipitators of boilers of its power generating units, with an aggregate contract amount of RMB4.899 million. (9) Xinyu Power Generation Company entered into the "Commercial Contract for Transformation Project for the SCR Flue Gas Denitrification Project of Power Generating Units No. 1 and 2 (2×220MW) of Xinyu Power Generation Company" with Datang Technology Industry Company-Datang Engineering Company consortium, pursuant to which, Xinyu Power Generation Company agreed to appoint Datang Technology Industry Company-Datang Engineering Company consortium to carry out the transformation project for the SCR flue gas denitrification system of its power generating units, with an aggregate contract amount of RMB99.09 million. Total Breakdown of the total contract price:contractprice Total Total Total Total Total other(RMB'000) facilities consideration consideration consideration expenses costs for for for technical (RMB'000): (RMB'000): construction installation services work work (RMB'000): (RMB'000): (RMB'000): 510,061 324,220.842 43,874.839 119,782.285 18,489.41 3,693.624 Major A. Prepayment:settlementand payment Within one month from the effective date of the contract, theterms Contractors shall provide an irrevocable performance bond guarantee in an amount equivalent to 10% of the total contract price and a financial receipt equivalent to 10% of the total contract price and the Owners shall pay 10% of the total contract price to the contractors as prepayment within one month upon verification of such documents. B. Facilities costs: (1) The Owners shall pay 20% of the facilities costs to the Contractors within two weeks upon receiving and verifying (a) a copy of the major sections of the contract for the purchase of the main facilities; and (b) a financial receipt equivalent to 20% of the facilities costs. (2) The Owners shall pay 30% of the facilities costs to the Contractors within one month after the delivery of the equipment (parts and components) in lots according to specified order to the place of delivery within specified time, and upon receiving and verifying (a) the original of the certificate of inspection of the lots of facilities signed by the authorised representative of the Owners; (b) the original of the detailed content checklist of the lots of the facilities; (c) the original of the quality check certificate of the lots of facilities; and (d) a special invoice for the value-added tax on 100% of the facilities costs. (3) After the construction work is completed, and the facilities under the contract passed test run for 168 hours, the Owners shall pay 30% of the facilities costs to the Contractors within one month upon verifying such construction work. (4) Within one month after the expiration of the warranty period of the facilities and no quality issues arises, and upon the owner receiving (a) a copy of the final certificate of check-and-acceptance for the facilities under the contract; and (b) a financial receipt equivalent to 10% of the facilities costs, the Owners shall pay 10% of the facilities costs to the Contractors within one month upon verifying such documents. C. Consideration for construction and installation works: (1) Upon completion of 50% of the construction work, the Owners shall pay 20% of the consideration of the construction and installation work and provide invoice based on the construction progress. (2) Upon completion of 80% of the construction work, the Owners shall pay 20% of the consideration of the construction and installation work and provide invoice based on the construction progress. (3) Upon completion of 100% of the construction work, the Owners shall pay 20% of the consideration of the construction and installation work and provide the full amount invoice for the construction work. (4) Upon completion of the installation work, the Owners shall pay 20% of the consideration of the construction and installation work after check and acceptance. (5) The Owners shall pay 10% of the consideration of the construction and installation work to the contractors after the expiration of the warranty period of the contractual work with no quality issues arises, and within one year upon the submission of five copies of the final certificate of check-and-acceptance by the Contractors and verification of such documents by the Owners. Should any quality issues arises, the corresponding expenses shall be deducted thereof. D. Consideration for technical services: Lump sum settlement: Within one month upon submission of construction plan and a service industry invoice in the amount equivalent to 100% of the technical services fee by the Contractors which are checked and confirmed by the Owners, the Owners shall pay 100% of the total technical services fee to the Contractors; or Settlement by installment: (1) Within one month upon completion of the preliminary design and construction plan, the Contractors shall provide a commercial invoice in the amount equivalent to 70% of the total design fees and the technical information required by the contract, and the Owners shall pay 60% of the total design fees to the Contractors within 30 days upon verification of such documents. (2) Within one month upon completion of the as-built drawings, the Contractors shall provide a commercial invoice in the amount equivalent to 10% of the total design fees and the technical information required by the contract, and the Owners shall pay 10% of the total design fees to the Contractors within 30 days upon verification of such documents. (3) Upon signing of the preliminary certificate of check-and-acceptance by the owner, the Contractors shall provide the commercial invoice in the amount equivalent to 20% of the total design fees, and the Owners shall pay 10% of the total design fees to the Contractors within 30 days upon verification of such documents. (4) 10% of the remaining design fees shall be paid as warranty bond of the design. E. Other expenses: Other expenses shall be paid simultaneously in the same manner as the consideration for construction and installation works. Conditions The Technological Transformation Project Contracts shall becomeprecedent effective when they are duly signed by the legal representative or the proxy (with written authorisation by the legal representative) of the parties with their respective company seals affixed thereto. REASONS FOR AND BENEFITS OF ENTERING INTO THE TECHNOLOGICAL TRANSFORMATIONPROJECT CONTRACTS According to the annual technological transformation plan of the Company, theCompany invited public tender for the Technological Transformation Projects forthe power generating units of its power plants and subsidiaries. After carryingout relevant evaluation procedures and considering various factors, includingthe technical experiences, professional qualification, business reputation,project management skills, consideration amount and other relevant factors ofall the tenderers, certain professional companies, including Datang EngineeringCompany, Datang Technology Industry Company and Datang Technology IndustryCompany-Datang Engineering Company consortium were selected as the tenderwinners for the Technological Transformation Projects for the power generating unitsof eight subsidiaries and power plants of the Company. Datang Technology Industry Company, Datang Engineering Company and DatangTechnology Industry Company-Datang Engineering Company consortium possesssufficient qualification with rich expertise in carrying out the TechnologicalTransformation Projects. The Company considers that such companies will becapable to ensure the Technological Transformation Projects to be carried outsmoothly. The Company's power plants and subsidiaries agreed to appoint Datang TechnologyIndustry Company, Datang Engineering Company and Datang Technology IndustryCompany-Datang Engineering Company consortium to carry out the TechnicalTransformation Projects, mainly for the purposes of ensuring the on-schedulecompletion of Technical Transformation Projects of the Company's power plantsand subsidiaries, to fully ride on their professional advantage, as well as tocontrol cost to a certain extent through large scale purchasing of facilities. The Directors (including independent non-executive Directors) are of the viewthat the transactions under the Technological Transformation Project Contractswere duly completed by way of public tender; the relevant terms are fair andreasonable and conducted on normal commercial terms and is in the interests ofthe Company and its shareholders as a whole. BOARD'S APPROVAL None of the Directors has material interest in the transactions under theTechnological Transformation Project Contracts. Connected Directors, includingChen Jinhang, Hu Shengmu and Fang Qinghai, have abstained from voting for thisresolution at the relevant Board meeting pursuant to the Listing Rules of theShanghai Stock Exchange. INFORMATION OF THE PARTIES 1. The Company is principally engaged in the construction and operation of power plants, the sale of electricity and thermal power, the repair and maintenance of power equipment and power related technical services, with its main service areas being in the PRC. 2. Zhangjiakou Power Plant is a power plant owned by the Company. It currently has eight 300MW coal-fired generation units (2,400MW in total) and the assets of compatible desulfurisation facilities. The power generated mainly supplies the Beijing-Tianjin-Tangshan power grid. 3. CDC was established on 9 March 2003 with registered capital of RMB15,394 million and is principally engaged in the development, investment, construction, operation and management of power energy, organisation of power (thermal) production and sales; manufacturing, repair and maintenance of power equipment; power technology development and consultation; power engineering, contracting and consultation of environmental power engineering; development of new energy as well as development and production of power related coal resources. 4. Datang Technology Industry Company is a wholly-owned subsidiary of CDC with a registered capital of RMB550 million. The company is the major platform for the development of the technology business segment of CDC and is responsible for the implementation of the development strategy and plan for the technology business of CDC. 5. Datang Engineering Company is a subsidiary of Datang Technology Industry Company. It was established on 10 May 2004 with a registered capital of RMB180 million. Its scope of business mainly includes: general contracting for design and construction of thermal power and wind power generation system; general contracting for design and construction of environmental projects such as flue gas desulfurisation and denitrification in various areas, including energy, metallurgy and chemistry; franchise of environmental desulfurisation facilities; general contracting for design and construction of material conveying projects, such as coal conveying, ash conveying and bulk cargo terminals; general contracting for design and construction of projects such as dry slag removing system and anti-corrosion of chimneys; manufacture of heavy machinery and dry slag removing equipment. 6. Datang Technology Industry Company-Datang Engineering Company consortium is a consortium formed by Datang Technology Industry Company Limited and China Datang Technologies and Engineering Co., Ltd. 7. Wangtan Power Generation Company is a subsidiary of the Company and has an installed capacity of 1,200MW. 8. Zhangjiakou Thermal Power Company is a wholly-owned subsidiary of the Company and has an installed capacity of 600MW. 9. Jinzhou Thermal Power Company is a wholly-owned subsidiary of the Company and has an installed capacity of 600MW. 10. Keqi Coal-based Gas Company is a subsidiary of the Company which is owned as to 51% by the Company. It was duly incorporated on 10 December 2010 with a registered capital of RMB392 million. 11. Xinyu Power Generation Company is a wholly-owned subsidiary of the Company and has an installed capacity of 440MW. 12. Chaozhou Power Generation Company is a subsidiary of the Company which is owned as to 52.5% by the Company. It has a total installed capacity of 3,200MW. 13. Ningde Power Generation Company is a subsidiary of the Company which is owned as to 51% by the Company. It has a total installed capacity of 2,520MW. LISTING RULES IMPLICATIONS As at the date of this announcement, CDC is the controlling Shareholder of theCompany, which together with its subsidiaries hold 34.71% of the issued sharecapital of the Company. Pursuant to Chapter 14A of the Listing Rules, sinceSuch Subsidiaries of CDC are subsidiaries of CDC or consortium formed by thesubsidiaries of CDC, they are connected persons of the Company and thetransactions under the Technological Transformation Project Contractsconstitute connected transactions of the Company. As one or more of the applicable percentage ratios (as defined under Rule 14.07of the Listing Rules) in respect of the aggregated transaction amount under thenine Technological Transformation Project Contracts is more than 0.1% but lessthan 5%, the Technological Transformation Project Contracts and thetransactions thereunder are subject to the reporting and announcementrequirements under Chapter 14A of the Listing Rules but do not require theapproval by the independent Shareholders of the Company. On 20 March 2014, the contract amount of the Technological TransformationProject Contract entered into between Zhangjiakou Power Plant and DatangEngineering Company exceeded the de minimis threshold under Rule 14A.76 of theListing Rules and required reporting and announcement under Chapter 14A of theListing Rules. The Company made supplemental disclosure of the TechnologicalTransformation Project Contracts in order to comply with the relevant reportingand announcement requirements under Chapter 14A of the Listing Rules. DEFINITIONS In this announcement, unless the context otherwise requires, the followingexpressions have the following meanings: "Board" the board of Directors "CDC" China Datang Corporation, a State-owned enterprise established under the laws of the PRC and is a controlling shareholder of the Company. CDC and its subsidiaries own approximately 34.71% of the issued share capital of the Company as at the date of this announcement "Certain Subsidiaries of Datang Technology Industry Company, DatangCDC" Engineering Company and Datang Technology Industry Company - Datang Engineering Company consortium "Chaozhou Power Guangdong Datang International Chaozhou PowerGeneration Company" Generation Company Limited, a subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Company" Datang International Power Generation Co., Ltd., a sino-foreign joint stock limited company incorporated in the PRC on 13 December 1994, whose H Shares are listed on the Stock Exchange and the London Stock Exchange and whose A Shares are listed on the Shanghai Stock Exchange "connected person" has the meaning ascribed to it under the Listing Rules "connected transaction" has the meaning ascribed to it under the Listing Rules "Contractors" Datang Technology Industry Company, Datang Engineering Company and Datang Technology Industry Company-Datang Engineering Company consortium "Datang Engineering China Datang Technologies and Engineering Co.,Company" Ltd., a subsidiary of Datang Technology Industry Company Limited, a wholly-owned subsidiary of CDC. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Datang Technology Datang Technology Industry Company Limited, aIndustry Company" wholly-owned subsidiary of CDC. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Datang Technology a consortium formed by Datang EngineeringIndustry Company - Datang Company and Datang Technology Industry CompanyEngineering Companyconsortium" "Director(s)" the director(s) of the Company "Jinzhou Thermal Power Liaoning Datang International Jinzhou ThermalCompany" Power Generation Limited, a wholly-owned subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Keqi Coal-based Gas Inner Mongolia Datang International KeshiketengCompany" Qi Coal-based Gas Company Limited, a subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Ningde Power Generation Fujian Datang International Ningde PowerCompany" Generation Company Limited, a subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Owners" Zhangjiakou Power Plant, Wangtan Power Generation Company, Zhangjiakou Thermal Power Company, Jinzhou Thermal Power Company, Keqi Coal-based Gas Company, Xinyu Power Generation Company, Chaozhou Power Generation Company, Ningde Power Generation Company "PRC" the People's Republic of China "RMB" Renminbi, the lawful currency of the PRC "Stock Exchange" The Stock Exchange of Hong Kong Limited "Technological refers collectively to the following nineTransformation Project contracts or any one of them:Contract(s)" (1) "General EPC Contract for Transformation Project for the Electric Dust Wipers of Boilers No. 1 and 4 of 300MW Power Generating Units No. 1 and 4 of Zhangjiakou Power Plant" entered into between Zhangjiakou Power Plant and Datang Engineering Company on 20 March 2014 (2) "General EPC Contract for Transformation Project for the Electric Dust Wipers of Boilers No. 3 and 7 of 300MW Power Generating Units No. 3 and 7 of Zhangjiakou Power Plant" entered into between Zhangjiakou Power Plant and Datang Engineering Company in April 2014 (3) "Commercial Contract for Transformation Project for Transformation Project for the Power Supply of the Electric Dust Wipers of Boilers No. 3 and 4 of the Power Generating Units of Chaozhou Power Generation Company" entered into between Chaozhou Power Generation Company and Datang Engineering Company on 4 April 2014 (4) "Purchase and Sale Contract for Equipment for the Transformation of the Power Supply of the Electric Dust Wipers of Power Generating Units No. 2 and 3 of Ningde Power Generation Company" entered into between Ningde Power Generation Company and Datang Engineering Company on 18 April 2014 (5) "General Contract for the Denitrification Project of 3×470t/h Coal-fired Boilers of the Power Generating Units of Keqi Coal-based Gas Company" entered into between Keqi Coal-based Gas Company and Datang Engineering Company in May 2014 (6) "Contract for Expansion and Transformation Project for the Flue Gas Desulfurization System of Power Generating Units No. 1 and 2 of Wangtan Power Generation Company" entered into between Wangtan Power Generation Company and Datang Technology Industry Company-Datang Engineering Company consortium is a consortium in July 2014 (7) "Contract for Expansion and Transformation Project for the Flue Gas Desulfurisation System of Power Generating Units No. 1 and 2 of Zhangjiakou Thermal Power Company" entered into between Zhangjiakou Thermal Power Company and Datang Technology Industry Company-Datang Engineering Company consortium on 15 July 2014 (8) "Contract for Transformation Project for the Electric Dust Wipers of Boilers No. 1 and 2 of Power Generating Units of Jinzhou Thermal Power Company" entered into between Jinzhou Thermal Power Company and Datang Technology Industry Company-Datang Engineering Company consortium on 18 July 2014 (9) "Commercial Contract for Transformation Project for the SCR Flue Gas Denitrification Project of Power Generating Units No. 1 and 2 (2×220MW) of Xinyu Power Generation Company" entered into between Xinyu Power Generation Company and Datang Technology Industry Company-Datang Engineering Company consortium on 29 July 2014 "Technological refers to the technological transformationTransformation Projects" projects that transform obsolete technologies into advanced technologies and replace outdated technology and equipment with advanced ones by upholding the principle of technological advancement, thereby achieving the goal to expand production capacities through organic growth, diversify product portfolio and enhance product quality, at the same time saving energy, reducing raw materials consumption, enhancing labour productivity and increasing economic benefits "Wangtan Power Generation Hebei Datang International Wangtan PowerCompany" Generation Company Limited, a subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Xinyu Power Generation Jiangxi Datang International Xinyu PowerCompany" Generation Company Limited, a wholly-owned subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Zhangjiakou Power Plant" Datang International Power Generation Company Limited Zhangjiakou Power Plant, a power plant owned and directly managed by the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "Zhangjiakou Thermal Hebei Datang International Zhangjiakou ThermalPower Company" Power Generation Company Limited, a subsidiary of the Company. For more information, please refer to the section headed "INFORMATION OF THE PARTIES" "%" percentage By Order of the Board Zhou Gang Secretary to the Board Beijing, the PRC, 27 August 2014 As at the date of this announcement, the Directors of the Company are: Chen Jinhang, Hu Shengmu, Wu Jing, Fang Qinghai, Zhou Gang, Cao Xin,Cai Shuwen, Liu Haixia, Guan Tiangang, Yang Wenchun,Dong Heyi*, Ye Yansheng*, Zhao Jie*, Jiang Guohua*, Feng Genfu* * Independent non-executive Directors