Datang Intl H Regulatory News (DAT)

19 May 2006 07:00

Datang Intl Power Generation Co Ld19 May 2006 Datang International Power Generation Co., Ltd. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 991) SUPPLEMENTAL NOTICE OF ANNUAL GENERAL MEETING WHEREAS The articles of association of Datang International Power Generation Co., Ltd. (the "Company") provides that ashareholder holding 5% or more of the total shares in issue of the Company entitled to vote at the annual generalmeeting of the Company for the year 2005 ("AGM") shall have the right to propose motion(s) for the AGM; and China Datang Corporation, which holds approximately 35.43% of the total shares in issue of the Company as at the dateof this notice, has requested and the Company has agreed that an additional resolution (specified as special resolution3 below) shall be tabled before the forthcoming AGM of the Company for shareholders' consideration and approval. SUPPLEMENTAL NOTICE IS HEREBY GIVEN that the AGM of the Company for the year 2005 will be held as originally scheduledat the Conference Room No. 804, No. 482 Guanganmennei Avenue, Xuanwu District, Beijing, the People's Republic of China(the "PRC") at 9:00 a.m. on 20 June 2006 for the purpose of considering and, if thought fit, passing the followingresolution as a special resolution in addition to the resolutions set out in the previous notice dated 3 May 2006 ofthe same meeting: 3. (i) to approve, confirm and ratify a short-term debenture issuing program of the Company (the "Program"), pursuant to which the Company be authorised to issue short-term debenture with an aggregate principal amount of not more than RMB4 billion during a 12-month period from the date of the shareholders of the Company approving the Program; and (ii) any two directors of the Company be and are hereby authorised to determine matters in relation to the Program in accordance with the market conditions and the needs of the Company, including, but not limited to, the final amount of issue, term of maturity, offering method and interest rate, and any two directors of the Company be and are hereby authorised to execute all necessary documents and take all necessary actions as are considered necessary or expedient and in the interests of the Company for the purpose of effecting or otherwise in connection with the Program or any matter incidental thereto. By order of the Board Yang Hongming Company Secretary Beijing, the People's Republic of China, 19 May 2006 Notes: 1. The directors of the Company (the "Directors"), including the independent non-executive Directors, consider that the issuance of short-term debenture (the "Debenture") pursuant to the Program could allow the Company to obtain funding at an interest rate which is expected to be lower than that normally obtainable from commercial bank in the People's Republic of China (the "PRC"), which in turn could lower the financial cost of the Company, and is in the interest of the Company and its shareholders as a whole. The proceeds obtained from the Program would be used as the additional working capital of the Company. It is expected that the Debenture will be issued only to the institutional investors in the PRC banking industry and will not be issued to the public investors. The Company will issue further announcement in respect of the issuance of the Debenture if required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or as otherwise considered appropriate. 2. A supplemental form of proxy in respect of above special resolution 3 is enclosed to this notice. 3. Please refer to the notice dated 3 May 2006 of the AGM of the Company for details in respect of other resolutions to be passed at such AGM, eligibility of attendance, registration procedures, proxy and other relevant matters. As at the date of this announcement, the directors of the Company are:- Zhai Ruoyu, Zhang Yi, Hu Shengmu, Fang Qinghai, Yang Hongming, Liu Haixia, Guan Tiangang, Su Tiegang, Ye Yonghui, TongYunshang, Xie Songlin*, Xu Daping*, Liu Chaoan*, Yu Changchun* and Xia Qing* * independent non-executive directors This information is provided by RNS The company news service from the London Stock Exchange