China Longyuan Power : ANNOUNCEMENT - COMPLETION OF ISSUANCE OF SHORT-TERM DEBENTURES

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ANNOUNCEMENT

COMPLETION OF ISSUANCE OF SHORT-TERM DEBENTURES

The announcement is made by China Longyuan Power Group Corporation Limited* (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (i) the circular and the notice of 2017 annual general meeting of the Company dated 9 April 2018 in relation to, among others, the issuance of debt financing instruments of non-financial enterprises; and (ii) the announcement of the Company dated 25 May 2018 on the poll results of the 2017 annual general meeting of the Company in relation to the approval of the issuance of debt financing instruments of non-financial enterprises by the shareholders of the Company.

The Company has completed the issuance of short-term debentures (the "Short-termDebentures") on 28 November 2019. The aggregate issuance amount of the Short- term Debentures was RMB2 billion with a term of 366 days, nominal value per unit of RMB100 and coupon rate of 3.28%. The interest shall be accrued from 28 November 2019.

Huatai Securities Co., Ltd. and Agricultural Bank of China Limited were the lead underwriters for the public offering of the Short-term Debentures. The proceeds raised from the Short-term Debentures will be mainly used for repayment of the Company's matured bonds and borrowings from financial institutions so as to further improve the financing structure of the Company.

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This announcement does not constitute, or form part of, an offer or invitation, or solicitation or inducement of an offer, to subscribe for or purchase any of short-term debentures or other securities of the Company, nor is this announcement distributed to invite offers for any securities of the Company.

By order of the Board

China Longyuan Power Group Corporation Limited*

Jia Nansong

Vice President, Board Secretary and Joint Company Secretary

Beijing, the PRC, 28 November 2019

As at the date of this announcement, the executive directors of the Company are Mr. Jia Yanbing and Mr. Sun Jinbiao; the non-executive directors are Mr. Liu Jinhuan, Mr. Luan Baoxing and Mr. Yang Xiangbin; and the independent non-executive directors are Mr. Zhang Songyi, Mr. Meng Yan and Mr. Han Dechang.

• For identification purpose only

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