China Everbright Limited referred to the announcements of China Everbright Limited dated 27 June 2023, 27 July 2023 and 4 August 2023 in relation to, among other things, the proposed issuance by the Company of the multiple types of debt financing instruments in the aggregate amount of not more than RMB20 billion. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements. The Board announces that, on 4 March 2024, the Company has completed the issuance of the first tranche medium term notes for the year of 2024 (the "2024 First Tranche Medium Term Notes").

The principal terms of the 2024 First Tranche Medium Term Notes are as follows: Issuer: The Company. Principal amount: RMB 4 billion (comprising of (i) RMB 2 billion for the first type of the 2024 First Tranche Medium Term Notes (the "Type 1 Notes"); and (ii) RMB 2 billion for the second type of the 2024 First Tranche Medium Term Notes (the "Type 2 Notes")). Issue price: RMB 100 per note (with face value of RMB 100).

Interest rate: (i) 2.68% per annum for the Type 1 Notes; and (ii) 2.85% per annum for the Type 2 Notes Interest commencement date: 4 March 2024. Maturity date: (i) 4 March 2027 for the Type 1 Notes; and (ii) 4 March 2029 for the Type 2 Notes. Use Tranche Medium Term Notes after deducting the underwriting fees will be used for the repayment of the medium term notes issued by the Company in 2021 in the PRC with an outstanding principal amount of RMB 4 billion.