China Longyuan Power : ANNOUNCEMENT - COMPLETION OF ISSUANCE OF ULTRA SHORT-TERM DEBENTURES

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ANNOUNCEMENT

COMPLETION OF ISSUANCE OF ULTRA SHORT-TERM DEBENTURES

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 Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 17 May 2019 on the poll results of the 2018 annual general meeting of the Company in relation to the approval of the issuance of debt financing instruments of non-financial enterprises by the shareholders of the Company.

The Company has completed the issuance of ultra short-term debentures (the "Ultra Short-termDebentures") of the Company on 23 April 2021. The aggregate issuance amount of the Ultra Short-term Debentures was RMB1 billion with a term of 50 days, nominal value per unit of RMB100 and coupon rate of 2.30%. The interest shall be accrued from 23 April 2021.

Ping An Bank was the lead underwriter for the public offering of the Ultra Short-term Debentures. The proceeds raised from the Ultra Short-term Debentures will be mainly used to repay the interest-bearing liabilities.

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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 short-term debentures 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 Yanbing

Chairman

Beijing, the PRC, 23 April 2021

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 purpose only

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