China Electric Power : ·DESPATCH OF CIRCULAR REGARDING (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER OF NOT LESS THAN 754,975,576 OFFER SHARES AND NOT MORE THAN 837,353,336 OFFER SHARES ON THE BA

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 the Cayman Islands with limited liability)

(Stock Code: 8053) DESPATCH OF CIRCULAR REGARDING (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER OF NOT LESS THAN 754,975,576 OFFER SHARES AND NOT MORE THAN 837,353,336 OFFER SHARES ON THE BASIS OF FOUR OFFER SHARES FOR EVERY ONE NEW SHARE HELD ON THE RECORD DATE; AND (3) APPLICATION FOR WHITEWASH WAIVER AND REVISED EXPECTED TIMETABLE FOR THE PROPOSED OPEN OFFER DESPATCH OF CIRCULAR

The Circular containing, among other things, (i) details of the increase in authorised share capital, the Open Offer, the Underwriting Agreement and the Whitewash Waiver; (ii) a letter from the Independent Board Committee to the Independent Shareholders setting out its recommendations in relation to the Open Offer, the Underwriting Agreement and the
Whitewash Waiver; (iii) a letter from Veda Capital Limited to the Independent Board Committee and the Independent Shareholders setting out its advice in relation to the Open Offer, the Underwriting Agreement and the Whitewash Waiver; and (iv) a notice of the EGM, has been despatched to the Shareholders on 21 December 2011.

REVISED EXPECTED TIMETABLE FOR THE PROPOSD OPEN OFFER

In view of the delay in the despatch of the Circular, the expected timetable for the

Open Offer has been revised and is set out in this announcement and the Circular.

Reference is made to the announcements of the Company dated 23 November 2011 (the "Announcement"), 29 November 2011, 8 December 2011 and 13 December 2011 in relation to, among other things, the Open Offer, the Underwriting Agreement and the Whitewash Waiver. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

DESPATCH OF CIRCULAR

The circular of the Company containing, among other things, (i) details of the increase in authorised share capital, the Open Offer, the Underwriting Agreement, and the Whitewash Waiver; (ii) a letter from the Independent Board Committee to the Independent Shareholders setting out its recommendations in relation to the Open Offer, the Underwriting Agreement and the Whitewash Waiver; (iii) a letter from Veda Capital Limited to the Independent Board Committee and the Independent Shareholders setting out its advice in relation to the Open Offer, the Underwriting Agreement and the Whitewash Waiver; and (iv) a notice of the EGM (the "Circular"), has been despatched to the Shareholders on 21 December 2011.

REVISED TIMETABLE

In view of the delay in the despatch of the Circular, the expected timetable for the Open Offer (assuming all relevant conditions will be fulfilled or waived, where applicable) and the associated trading arrangements has been revised as follows:-

2012

Latest time for lodging transfer of the New Shares in order to be qualified for attendance and voting at the EGM
4:30 p.m. on
Monday, 9 January
Register of members of the Company closes
(both dates inclusive)
Tuesday, 10 January to
Monday, 16 January
Record date for attendance and voting at the EGM Monday, 16 January
EGM Monday, 16 January
Announcement of result of EGM to be posted on the
Stock Exchange's and Company's website
Monday, 16 January
Capital Reorganisation becoming effective (Note 1) After 4:00 p.m. on Monday, 16
January and before 9:00 a.m. on
Tuesday, 17 January
Last day of dealing in the New Shares on a
cum-entitlement basis
Tuesday, 17 January
First day of dealing in the New Shares on an
ex-entitlement basis
Wednesday, 18 January
Latest time for lodging transfer of the New Shares in
order to be qualified for the Open Offer
4:30 p.m. on
Thursday, 19 January
Register of members of the Company closes (both dates
inclusive)
Friday, 20 January to
Tuesday, 31 January
Record Date for Open Offer Tuesday, 31 January
Register of members of the Company reopens Wednesday, 1 February
Despatch of Prospectus Documents Wednesday, 1 February
Latest time for acceptance of and payment for Offer
Shares and application for excess Offer Shares
4:00 p.m. on
Wednesday, 15 February
Latest time for the termination of the Underwriting
Agreement (if applicable)
4:00 p.m. on
Thursday, 16 February
Announcement of the results of the Open Offer Wednesday, 22 February
Despatch of share certificates for fully-paid Offer
Shares and refund cheque
Thursday, 23 February
Despatch of refund cheques in respect of wholly or partially unsuccessful applications for excess Offer
Shares
Thursday, 23 February
Dealing in Offer Shares commences Monday, 27 February

Notes:

1. For the timetable regarding implementation of the Capital Reorganisation and the associated trading arrangement, please refer to the announcements dated 20 July 2011, 7 October 2011 and

8 December 2011 and the circular dated 11 August 2011 of the Company.

2. All times and dates stated in this timetable refer to Hong Kong local times and dates.

WARNING OF THE RISK OF DEALINGS IN THE SHARES Shareholders and potential investors should note that the Open Offer is conditional, among other things, upon the fulfillment of the conditions set out under the section headed "Conditions of the Open Offer" in the Circular. In particular, the Open Offer is subject to the Underwriters not terminating or rescinding the Underwriting Agreement in accordance with the terms set out therein (a summary of which is set out in the section headed "Termination or rescission of the Underwriting Agreement" of the Circular). Accordingly, the Open Offer may or may not proceed. Any dealing in the New Shares from the date of the Circular up to the date on which all the conditions of the Open Offer are fulfilled will accordingly bear the risk that the Open Offer may not become unconditional or may not proceed. Any Shareholders or other persons contemplating any dealings in the New Shares are advised to consult their own professional advisers. Shareholders should also note that, based on the expected timetable as contained in the Circular, the New Shares will be dealt in on an ex-entitlement basis commencing from Wednesday 18 January 2012 and that dealing in New Shares will take place even though the conditions under the Underwriting Agreement remain unfulfilled. Any Shareholders or other persons dealing in the Existing Shares or New Shares up to the date on which all conditions to which the Open Offer are fulfilled (which is expected to be on Thursday, 16 February 2012), will accordingly bear the risk that the Open Offer may not become unconditional and may not proceed. If the Underwriters shall terminate or rescind the Underwriting Agreement, the Open Offer will not proceed and will lapse. Any Shareholders or other persons contemplating any dealings in the Existing Shares or New Shares are advised to consult their own professional advisers. Overseas Shareholders should note that they may or may not be entitled to the Open Offer, subject to the results of enquiries made by the Directors pursuant to Rule 17.41(1) of the GEM Listing Rules. Further details as to the entitlement of the Overseas Shareholders to the Open Offer will be set out in the Prospectus to be despatched to the Shareholders relating to the Open Offer.

By order of the Board

China Electric Power Technology Holdings Limited Li Kangying

Chairman

Hong Kong, 21 December 2011

As of the date of this announcement, the Board comprises executive Directors, namely Mr. Li Kangying (Chairman), Mr. Wang Dongbin, Mr. Cheung Jonathan and Mr. Cheng Wai Lam James and non-executive Director, Mr. Chau King Fai and independent non-executive Directors, Mr. Yeung Kenneth King Wah, Mr. Gao Feng and Mr. Chiang Sheung Yee Anthony.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

All Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the Company's website at www.ceptchina.com.