China Longyuan Power : ANNOUNCEMENT - COMPLETION OF ISSUANCE OF SECOND TRANCHE OF MID-TERM NOTES

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ANNOUNCEMENT

COMPLETION OF ISSUANCE OF SECOND TRANCHE

OF MID-TERM NOTES

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 2019 annual general meeting of the Company dated 9 April 2020 in relation to, among others, the application for registration and issuance of debt financing instruments in the PRC; and (ii) the announcement of the Company dated 25 May 2020 on the voting results of the 2019 annual general meeting of the Company in relation to the approval of the application for registration and issuance of debt financing instruments in the PRC by the shareholders of the Company.

For 2020 second tranche of mid-term notes of the Company (phase II) (the "Notes"), its public issuance has been undertaken to professional investors by the Company and China Merchants Bank Co., Ltd., the lead underwriter, on 16 September 2020, and the issuance has been completed on 16 September 2020. The Notes were fixed interest rate notes with a term of three plus N years. The actual issuance size was RMB1 billion. The nominal value per unit was RMB100 and the coupon rate was 4.5%. The interest shall be accrued from 16 September 2020. The proceeds raised from the Notes, after deduction of issuance expenses, are proposed to be used for daily working capital turnover of the Company and replenishment of liquidity.

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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 mid-term notes 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, 16 September 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. Zhang Xiaoliang and Mr. Yang Xiangbin; and the independent non-executive directors are Mr. Zhang Songyi, Mr. Meng Yan and Mr. Han Dechang.

• For identification purposes only

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