Huadian Fuxin Energy : JOINT ANNOUNCEMENT - NOTIFICATIONS TO CREDITORS IN RELATION TO THE PROPOSED PRE-CONDITIONAL PRIVATISATION OF HUADIAN FUXIN BY FUJIAN HUADIAN FURUI BY WAY OF MERGER BY ABSORPTION OF HUADIAN FUXIN

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company, nor is it any solicitation of any vote or approval in any jurisdiction.

This joint announcement is not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

Fujian Huadian Furui Energy Development Co., Ltd.*

(a company incorporated in the People's Republic of	(a joint stock limited company incorporated in the
China with limited liability)	People's Republic of China with limited liability)
	(Stock code: 816)

JOINT ANNOUNCEMENT

NOTIFICATIONS TO CREDITORS IN RELATION TO THE PROPOSED

PRE-CONDITIONAL PRIVATISATION OF HUADIAN FUXIN BY FUJIAN HUADIAN FURUI

BY WAY OF MERGER BY ABSORPTION OF HUADIAN FUXIN

Financial Adviser to the Offeror

INTRODUCTION

Reference is made to (i) the announcement jointly issued by Fujian Huadian Furui Energy Development Co., Ltd.* (the "Offeror") and Huadian Fuxin Energy Corporation Limited (the "Company") dated 1 June 2020, (ii) the announcement jointly issued by the Offeror and the Company dated 22 June 2020 in relation to the extension of time for despatch of the composite document (the "Composite Document"); (iii) the announcement jointly issued by the Offeror and the Company dated 21 July 2020 in relation to the progress update on the Merger; (iv) the announcement jointly issued by the Offeror and the Company dated 21 August 2020 in relation to the fulfilment of the Pre-Condition; (v) the Composite Document jointly issued by the Offeror and the Company, the notice of EGM, the notice of H Shareholders' Class Meeting, and the announcement jointly issued by the Offeror and the Company in relation to the despatch of the Composite Document, each dated 26 August 2020; (vi) the announcement jointly issued by the Offeror and the Company dated 1 September 2020 in relation to the letter of intent given by Pentwater Capital Management Europe LLP in favour of the Offeror and China International Capital Corporation Hong Kong Securities Limited ("CICC"); (vii) the announcement jointly issued by the Offeror and the Company dated 8 September 2020 in relation to the letter of intent given by Lakeville Capital Management Ltd. in favour of the Offeror and CICC; and (viii) the announcement jointly issued by the Offeror and the Company dated 16 September 2020 in relation to, among others, the poll results of the EGM and the H Shareholders' Class Meeting, all in relation to the Merger. Unless otherwise defined, capitalised terms used in this joint announcement shall have the same meanings as those defined in the Composite Document.

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NOTIFICATIONS TO CREDITORS

The Offeror and the Company announce that the Offeror and the Company have each notified their

respective creditors and made a public announcement of the Merger pursuant to the PRC Company Law in the Southeast Express（東南快報）on 23 September 2020. According to the PRC Company

Law and other applicable PRC Laws, the creditors may request the Offeror and the Company to pay off their respective indebtedness or provide guarantees within 30 days after the receipt of notice or 45 days after the issue of the announcement, whichever is later.

IMPORTANT

Completion of the Merger is conditional upon the satisfaction (or waiver, as applicable) of the Conditions to implementation. Accordingly, the issue of this joint announcement does not imply in any way that the Merger will be completed. Shareholders and potential investors should therefore exercise caution when dealing in the securities of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

By order of the sole director of	By order of the board of
Fujian Huadian Furui Energy Development	Huadian Fuxin Energy Corporation Limited
Co., Ltd.*
GOU Wei	HUANG Shaoxiong
Sole Director	Chairman
Beijing, China
23 September 2020

As at the date of this joint announcement, the Offeror's sole director is Mr. GOU Wei. The sole director of the Offeror accepts full responsibility for the accuracy of the information contained in this joint announcement (other than in relation to the Company) and confirm, having made all reasonable enquiries, that to the best of his knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement the omission of which would make any of the statements in this joint announcement misleading.

As at the date of this joint announcement, the board of directors of Huadian comprises Mr. WEN Shugang, Mr. YE Xiangdong, Mr. ZHENG Baosen, Mr. BOON Swan Foo, Mr. SUN Xiaomin, Ms. CHEN Ke, Mr. YU Wanyuan and Mr. FENG Haipeng. The directors of Huadian jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than in relation to the Company) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement the omission of which would make any of the statements in this joint announcement misleading.

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As at the date of this joint announcement, the Board comprises Mr. HUANG Shaoxiong, Mr. WU Jianchun and Mr. DU Jiangwu as executive Directors, Mr. TAO Yunpeng, Mr. SHI Chongguang and Mr. WANG Bangyi as non-executive Directors, and Mr. ZHANG Bai, Mr. TAO Zhigang and Mr. WU Yiqiang as independent non-executive Directors. The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than in relation to the Offeror and Huadian) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the sole director of the Offeror and the directors of Huadian) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement the omission of which would make any of the statements in this joint announcement misleading.

• For identification purposes only

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