China Longyuan Power : ANNOUNCEMENT - COMPLETION OF ISSUANCE OF GREEN RENEWABLE CORPORATE BONDS

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ANNOUNCEMENT

COMPLETION OF ISSUANCE OF

GREEN RENEWABLE CORPORATE BONDS

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 provisions of inside information 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 the 2019 annual general meeting of the Company dated 9 April 2020 in relation to, inter alia, the application for registration and the issuance of debt financing instruments in the PRC; and (ii) the announcement of the Company dated 29 May 2020 on the voting results of the 2019 annual general meeting of the Company relating to the approval of the application for registration and the issuance of debt financing instruments in the PRC by the shareholders of the Company.

For the green renewable corporate bonds of the Company (first tranche) for the year of 2020 (the "Bonds"), its public issuance has been undertaken to professional investors by the Company and Huatai United Securities Company Limited, the lead underwriter, on 26 August 2020, and the issuance has been completed on 28 August 2020. The Bonds were fixed interest rate bonds with a term of three plus N years. The actual issuance size was RMB2 billion. The nominal value per unit was RMB100 and the coupon rate was 4.10%. The interest was accrued from 28 August 2020. The proceeds raised from the Bonds, after deduction of issuance expenses, are proposed to be used for supplementing the working capital of the Company and supporting for the business development of green industry 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 the renewable bonds or other securities of the Company, nor is this announcement circulated 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 August 2020

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.Yang Xiangbin and Mr. Zhang Xiaoliang; 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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