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(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)(Stock Code: 01088)OVERSEAS REGULATORY ANNOUNCEMENTThis announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
The " Announcement in Relation to the Establishment of Joint Venture of Shenwan Energy Company Limited " as published in Chinese in the China Securities Journal, the Shanghai Securities News, the Securities Times and the Securities Daily and on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 12 July 2011 is enclosed hereto as overseas regulatory announcement.
By Order of the BoardChina Shenhua Energy Company Limited
Secretary of the Board of Directors
Beijing, 11 Jul 2011
As at the date of this announcement, the Board comprises the following: Dr. Zhang Xiwu, Dr. Zhang Yuzhuo, Dr. Ling Wen and Mr. Han Jianguo as executive directors, Mr. Liu Benren and Mr. Xie Songlin as non-executive directors, and Ms. Fan Hsu Lai Tai, Mr. Gong Huazhang and Mr. Guo Peizhang as independent non-executive directors.
Stock code : 601088 Stock name : China Shenhua Announcement no. Lin 2011-030China Shenhua Energy Company Limited Announcement in Relation to the Establishment of Joint Venture of Shenwan Energy Company Limited
The board of directors of China Shenhua Energy Company Limited together with the directors thereof guarantee that the information contained in this announcement does not contain any false statements, misleading representations or material omissions, and all of them jointly and severally accept responsibility as to the truthfulness, accuracy and completeness of the content of this announcement.
After due consideration and approval at the 16th meeting of the second session of the Board of China Shenhua Energy Company Limited (the Company), the Company entered into a joint venture agreement with Anhui Province Energy Group Co., Ltd (Wanneng Company) on 8 July 2011, pursuant to which, a joint venture under the name of Shenwan Energy Company Limited (Shenwan Company) will be established in Anhui Province with a registered capital amounting to RMB 50 million. The Company and Wanneng Company will contribute RMB 25.50 million and RMB
24.50 million respectively, representing a 51% and 49% equity interest in Shenwan
Upon its establishment, Shenwan Company will plan to engage in businesses including: (1) the development, production and sales of power as well as its by-products and the provision of relevant services; (2) the storage, transportation and sales of coal; (3) the development, storage and operation of piers and harbors; (4) the construction and operation of surrounding harbor railways; and (5) the development and research of energy-related technology.
The establishment of Shenwan Company is a critical move to promote the optimisation of the geographical layout of the power segment of the Company through strategic investment, restructuring as well as merger and acquisition. It is also an important measure to strengthen the strategic cooperation between the Company and Anhui Province. The establishment of Shenwan Company is beneficial for the Company to seize the opportunities brought by the industrial transition in city-cluster along the Yangtze River in Anhui Province, fully utilise the golden Yangtze River waterway and expand the power capacity of China Shenhua.
By order of the board of directorsChina Shenhua Energy Company LimitedHuang Qing
Secretary to the board of directors
11 July 2011