CGN Power : INSIDE INFORMATION - ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021

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CGN Power Co., Ltd.*

中國廣核電力股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1816)

INSIDE INFORMATION

ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021

This announcement is made by CGN Power Co., Ltd.* (the "Company") pursuant to Rule 13.09 and Rule 13.10B 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).

The following information has also been published on the website of the Shenzhen Stock Exchange

at the same time. Please refer to the "Estimated Results of CGN Power Co., Ltd.* for the First Quarter of 2021" 《( 中國廣核電力股份有限公司2021年第一季度業績預告》) published by the

Company on the website of the Shenzhen Stock Exchange in Chinese.

By Order of the Board

CGN Power Co., Ltd. *

Yin Engang

Chief Financial Officer, Joint Company Secretary and Board Secretary

The PRC, April 13, 2021

As at the date of this announcement, the board of directors of the Company comprises Mr. Gao Ligang and Mr. Jiang Dajin as executive Directors; Mr. Yang Changli, Mr. Shi Bing and Mr. Gu Jian as non-executive Directors; Mr. Li Fuyou, Mr. Yang Jiayi and Mr. Xia Ceming as independent non-executive Directors.

• For identification purpose only

Stock Code: 003816

Stock Abbreviation: CGN Power

Announcement No.: 2021-020

CGN Power Co., Ltd. *

ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021

The Company and all members of the board of directors of the Company guarantee that the information disclosed is true, accurate and complete, and there is no false statement, misleading representation or material omission.

I. ESTIMATED RESULTS FOR THE PERIOD

1. Period of the estimated results: January 1, 2021 to March 31, 2021
2. Estimated results: □ Loss □ Turnaround from Loss to Profit ✓ Increase over

the same period last year	□ Decrease over the same period last year
Items		The reporting period	Corresponding period of
			last year
Net profit at-	Earnings: RMB2,280 million to
	RMB2,380 million
tributable to		Earnings: RMB1,532.8168
shareholders
Increase by: 48.75% to 55.27% as com-
million
of the listed
pared with the corresponding period of last
company
	year
Basic earn-		Earnings: RMB0.05 per share	Earnings: RMB0.03 per
ings per share		share

II. PRELIMINARY AUDIT OF THE ESTIMATED RESULTS

The estimated results have not been preliminarily audited by any certified public accountants.

III. REASONS FOR THE CHANGE IN THE ESTIMATED RESULTS

During the reporting period, the epidemic imposed less impact on the Company as compared with the corresponding period of 2020. On-grid power generation increased over the corresponding period of last year, and finance costs decreased, leading to a significant in-

crease in the net profit attributable to shareholders of the listed company over the corresponding period of last year.

IV. OTHER RELEVANT EXPLANATIONS

The estimated results for the first quarter of 2021 is the preliminary accounting data only. Please refer to the 2021 First Quarterly Report to be disclosed by the Company for specific financial data. Investors are advised to pay attention to investment-related risks.

The Board of CGN Power Co., Ltd.*

April 13, 2021