China Longyuan Power : CHANGE OF PRESIDENT AND PROPOSED CHANGE OF EXECUTIVE DIRECTOR

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CHANGE OF PRESIDENT AND

PROPOSED CHANGE OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of China Longyuan Power Group Corporation Limited* (the "Company") hereby announces that:

Mr. Sun Jinbiao ("Mr. Sun"), an executive director and the president of the Company, proposes to resign as an executive director and a member of the strategic committee of the Board of the Company due to work reasons, with effect from the date on which the relevant change of executive director is approved by the shareholders at the general meeting. Meanwhile, Mr. Sun resigned as the president of the Company, with effect from 14 April 2021. Mr. Sun has confirmed that he has no disagreement with the Board of the Company during his term of office and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Company would like to express its gratitude to Mr. Sun for his contribution to the Company during his term of office as an executive director and the president of the Company.

In order to guarantee the sound governance structure of the Company, Mr. Tang Jian ("Mr. Tang") was elected as the president of the Company by the Board, with effect from 14 April 2021 to the expiration of the term of the current session of the Board. Meanwhile, Mr. Tang was nominated as an executive director and a member of the strategic committee of the Board of the Company by the Board to replace Mr. Sun, with effect from the date on which the relevant change of executive director is approved by the shareholders at the general meeting to the expiration of the term of the current session of the Board.

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Details of Mr. Tang, which are required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") are set out as follows:

Mr. Tang Jian, aged 50, is the president of the Company. He graduated from China University of Mining and Technology with a bachelor degree in engineering. He is a senior engineer. Mr. Tang Jian worked at Yangzhou No. 2 Power Plant ( 揚 州 第 二 發 電 廠 ) and Guodian Changzhou Power Generating Co., Ltd. ( 國 電 常 州 發 電 有 限 公 司). He successively served as a member of the Party Committee and the vice general manager of Guodian Bengbu Power Generation Co., Ltd. ( 國 電 蚌 埠 發 電 有 限 公 司); the deputy head and head of the Coal-fired Power Office of the Engineering Construction Department, and head of the General Office of China Guodian Corporation ( 中 國 國 電 集 團 公 司); a deputy general manager and a member of the Party Committee of Guodian Technology & Environment Group Corporation Limited and the general manager and the deputy secretary of the Party Committee of Beijing Guodian Longyuan Environmental Engineering Co., Ltd. ( 北 京 國 電 龍 源 環 保 工 程 公 司); a deputy general manager and a member of the Party Committee of Guodian Technology & Environment Group Corporation Limited and the chairman of the board of directors and the secretary of the Party Committee of Guodian Longyuan Environmental Engineering Co., Ltd. ( 國 電 龍 源 環 保 工 程 有 限 公 司); and a member of the Party Committee and vice president of the Company.

Save as disclosed above, Mr. Tang confirmed that he did not hold any directorship in any listed companies or any other position of any member of the Company and its subsidiaries in the past three years.

Save as disclosed above, Mr. Tang has no relationship with any directors, supervisors, senior management, substantial shareholders (as defined in the Listing Rules) or controlling shareholder (as defined in the Listing Rules) of the Company.

As of the date of this announcement, Mr. Tang has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, as far as the Board is aware, there is no any other matters in relation to the appointment of Mr. Tang as a director of the Company that need to be brought to the attention of the shareholders of the Company nor any information that is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules.

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During the tenure of Mr. Tang as an executive director and the president of the Company, his remuneration shall be paid on the basis of his position as the senior management and according to the Company's remuneration management measures. The remuneration consists of the basic salary and the performance-based salary, the former is paid on a monthly basis and the latter is paid according to his performance appraisal. The basic salary of Mr. Tang is RMB308,500. As for his performance-based salary, the remuneration and assessment committee of the Board will annually formulate the remuneration plan for the current year, which shall be considered by the Board and submitted to the shareholders' general meeting for approval. Upon the determination of the remuneration, the Company will make disclosure. For details of the remuneration, please refer to the annual report and relevant circular to be issued by the Company in due course.

A circular containing, among other matters, details of the proposed change of executive director, together with a notice of the shareholders' general meeting, will be dispatched to the shareholders of the Company as soon as practicable.

By order of the Board

China Longyuan Power Group Corporation Limited*

Jia Yanbing

Chairman

Beijing, the PRC, 14 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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