Huadian Power International : OVERSEAS REGULATORY ANNOUNCEMENT

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.

華電國際電力股份有限公司

Huadian Power International Corporation Limited*

(A Sino-foreign investment joint stock company limited by shares incorporated in the People's

Republic of China (the "PRC"))

(Stock Code: 1071)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The announcement published by Huadian Power International Corporation Limited* (the "Company") on the website of the Shanghai Stock Exchange is set out herein for reference purposes only.

By order of the Board

Huadian Power International Corporation Limited*

Zhang Gelin

Secretary to the Board

As at the date of this announcement, the board of directors comprises:

Wang Xuxiang (Chairman, Executive Director), Tian Hongbao (Vice Chairman, Executive Director), Ni Shoumin (Vice Chairman, Non-executive Director), Gou Wei (Non-executive Director), Chen Haibin (Non-executive Director), Tao Yunpeng (Non-executive Director), Wang Xiaobo (Non-executive Director), Chen Cunlai (Executive Director), Ding Huiping (Independent Non-executive Director), Wang Dashu (Independent Non-executive Director), Wang Chuanshun (Independent Non-executive Director) and Zong Wenlong (Independent Non-executive Director).

Beijing, the PRC

24 December 2019

* For identification purposes only

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Stock Code: 600027 Stock Abbreviation: HDPI Announcement No. : 2019-036

RISK WARNING ANNOUNCEMENT ON THE 2018 ANNUAL VERIFICATION OF THE NON-LISTED CONVENTIONAL ENERGY BASED POWER GENERATION ASSETS OF CHINA HUADIAN

The board of directors of the Company and all its members warrant that there are no misrepresentations or misleading statements contained in, or material omissions from, the contents of this announcement, and accept several and joint responsibilities for the truthfulness, accuracy and completeness of the contents of this announcement.

China Huadian Corporation Ltd.* (hereinafter referred to as "China Huadian"), the controlling shareholder of Huadian Power International Corporation Limited* (hereinafter referred to as the "Company"), undertook in August 2014 that it will follow the principles of contributing to solving business competition and avoiding substantial business competition, and will in-principle take province (or district) as the unit and inject into the Company relevant assets within the same province (or district). The specific operational proposals will be implemented actively and steadily according to the asset conditions and the degree of capital market acceptance of China Huadian. After preparation of annual financial statements each year, China Huadian will verify and disclose whether the non-listed conventional energy based power generation assets meet the conditions for injection. China Huadian will complete the asset injection into the Company within three years after the non-listed conventional energy based power generation assets that have met the conditions for asset injection.

Injected Assets:

		The scale of	Transaction
		consideration
Injected assets	Injection time	injected assets
(RMB in 100
		(10 MW)
		million)
82.5627% equity interest in	2015	512	38.45
Huadian Hubei Power

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Generation Company Limited.*
(华电湖北发电有限公司）
100% equity interest in Hubei
Huadian Wuchang Thermal	2019	37	5.71
Power Company Limited* (湖
北华电武昌热电有限公司)

On 24 December 2019, the Company further disclosed the "Announcement on the 2018 Annual Verification of the Non-listed Conventional Energy Based Power Generation Assets of China Huadian". The supplementary disclosure of related risks is as follows:

At present, merely the preliminary investigation of relevant assets has been carried out, and subject to the satisfaction of conditions, the injection will be implemented in batches in the future. The specific time and method of asset injection have not been determined, the relevant decision-making procedures have not been started, and the profitability and financial indicators of the relevant assets are still under investigation. Further study will be conducted on whether the conditions for injection are met.

Investors are advised to pay attention to investment risks.

Announcement is hereby given.

Huadian Power International Corporation Limited*

24 December 2019

• For identification purposes only

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