AMBER ENERGY : Announcements and Notices - Voluntary Announcement Business Update

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Amber Energy Limited

琥 珀 能 源 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 90)

VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE

This is a voluntary announcement made by Amber Energy Limited (the ''Company'', which together with its subsidiaries are collectively referred to as the ''Group'') to keep shareholders and potential investors informed of the information relevant to the Group's business.

The board of directors (the ''Board'') of the Company wishes to inform the shareholders and prospective investors of the Company that the Group has recently received the Notice

Regarding the Decrease in the Price of Natural Gas for Enterprise Use 《(

關於降低企業用氣價

格的通知》) from the Price Bureau of Zhejiang Province. The notice states that starting from 20

April 2016, the price of natural gas supplied to natural gas power plants under the Company by Zhejiang Province Natural Gas Development Co, Ltd. (浙江省天然氣開發有限公司), the

sole natural gas supplier of the Group, has been adjusted from RMB2.41/m3 to RMB2.31/m3 (inclusive of value added tax).

In addition, the Group has recently received the Notice Regarding the Adjustment of the On-

grid Tariff of Natural Gas Power Generating Units 《(

關於調整天然氣發電機組上網電價的通

知》) from the Price Bureau of Zhejiang Province. The notice states that starting from 20 April

2016, the volume tariff of Blue Sky Power Plant, De-Neng Power Plant and Jing- Xing Power Plant under the Group has been adjusted from RMB0.60/Kwh to RMB0.58/Kwh (inclusive of value added tax); the volume tariff of Anji Power Plant under the Group has been adjusted from RMB0.54/Kwh to RMB0.52/Kwh (inclusive of value added tax).

Based on the above adjustment, as the decrease in the Group's power generation cost per kwh was generally in line with that of the volume tariff, it is expected that there will be no material impact on the Company's profit.

Please also refer to the Company's announcement in relation to the Dual Tariff Policy. The Dual Tariff Policy is still in force, under which the capacity tariff remains unchanged at its original level.

The Company will continue to closely monitor any information regarding the adjustment of the price of natural gas and on-grid tariff as well as power generation policy and will make further announcement if and when necessary.

Shareholders and prospective investors of the Company should exercise caution when dealing in the shares of the Company.

By Order of the Board Amber Energy Limited Wei Jun Yong

Chairman

Hong Kong, 22 June 2016

As at the date of this announcement, the Board comprises one executive director, namely Mr. Chai Wei; three non-executive directors, namely Mr. Wei Jun Yong, Mr. Liu Xuan Hua and Mr. Li Jin Quan; and three independent non-executive directors, namely Mr. Tse Chi Man, Mr. Yao Xian Guo and Mr. Yu Wayne W.