The Company

China Power New Energy Development Company Limited (the "Company") is a company incorporated in Bermuda with limited liability, whose shares are listed on The Stock Exchange of Hong Kong Limited. The Company's head office is located in Hong Kong.

Principal business activities of the Company and its subsidiaries (the "Group")

The principal activities of the Group are the development, construction, ownership, operation and management of clean energy power plants, including but not limited to wind power generation, hydro power generation, waste-to-energy power generation, natural gas power generation and solar power generation, in the PRC.

The power generation plants currently owned or controlled by the Group are mainly situated in Guangdong, Fujian and Gansu, and the electricity generated thereof is sold to Southern Power Grid, East China Power Grid and Northwest Power Grid.

The Group is also engaged in investment holding in the clean energy power industry and property investment.

Future Plan of the Group

The Twelfth Five-Year Plan of the PRC Government has laid down the fundamental framework for power generation: developing hydro power as a priority; optimising coal-fired power generation; multiplying efforts in developing nuclear power; proactively moving forward with new energy power generation; suitably centralising natural gas power generation; and diversifying power generation according to needs of the specific location. Accordingly, the Group believes that the clean energy business enjoys bright prospects with immense potential for development.

To this end, the Group will focus on the development of clean energy power generation as the major driver of its business and continue to commit resources and efforts to developing clean energy projects.

The Group's future efforts will focus on:

1. Sustaining the drive in implementing the Group's strategy;

2. Strengthening and improving quality management in creating premium and quality projects;

3. Optimising capital management, fortifying internal structure and developing management and control systems;

4. Attracting and training talents, reinforcing corporate governance and achieving corporate standardized management; and

5. Enhancing monitoring and control procedures and promoting target management to form a long-term and efficient mechanism for safety production management.