China Resources Power : COMPLETION OF ISSUE OF 2019 FIRST TRANCHE NOTES IN THE PRC

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 836)

COMPLETION OF ISSUE OF 2019 FIRST TRANCHE

NOTES IN THE PRC

This is a voluntary announcement made by China Resources Power Holdings Company Limited (the "Company").

The board of directors of the Company (the "Board") announces that:

1. on 9 December and 10 December 2019, China Resources Power Investment Co., Ltd. (華潤 電力投資有限公司) (the "Issuer"), a company established in the People's Republic of China
   and a wholly-owned subsidiary of the Company, has successfully registered and filed with the National Association of Financial Market Institutional Investors (中國銀行間市場交易商 協會) (the "Association") the proposed issue of medium-term notes in the aggregate principal amount of RMB5,000,000,000 (equivalent to approximately HK$5,550,000,0001) (the "Medium-TermNotes") and the first tranche of the Medium-Term Notes with an aggregate principal amount of RMB3,000,000,000 (equivalent to approximately HK$3,330,000,0001) (the "First Tranche Notes") in the People's Republic of China, respectively; and
2. on 17 December 2019, the Issuer has completed the issue of the First Tranche Notes in the inter-bank market in the People's Republic of China.

The First Tranche Notes have a perpetual term and form part of the Medium-Term Notes of the Issuer. The Issuer may within the validity of the registration, determine whether or not to issue, and the terms of, further Medium-Term Notes.

1 Conversion of RMB into HK$ is made at a rate of RMB1.00 = HK$1.11 for illustrative purpose of this announcement only

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Each of the Issuer and the First Tranche Notes has received "AAA" rating from a credit rating agency, namely China Chengxin International Credit Rating Co., Ltd.* (中誠信國際信用評級有 限責任公司). The proceeds from issuance of the First Tranche Notes will be applied to repay the

bank loans of the Issuer and its subsidiaries.

Details in relation to the Medium-Term Notes and the First Tranche Notes are published on the websites of China Foreign Exchange Trade System (http://www.chinamoney.com.cn) and/or Shanghai Clearing House (http://www.shclearing.com).

By Order of the Board

China Resources Power Holdings Company Limited

WANG Xiao Bin

Executive Director and Company Secretary

• for identification purpose only

Hong Kong, 18 December 2019

As at the date of this announcement, the Board of the Company comprises four non-executive directors, namely Mr. LI Ru Ge (Chairman), Mr. CHEN Ying, Mr. WANG Yan and Mr. GE Changxin; three executive directors, namely Mr. TANG Yong, Mr. ZHANG Junzheng and Ms. WANG Xiao Bin; and four independent non-executive directors, namely, Mr. MA Chiu-Cheung, Andrew, Ms. LEUNG Oi-sie, Elsie, Dr. CH'IEN Kuo-fung, Raymond and Mr. SO Chak Kwong, Jack.

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