Xinchen China Power : Announcements and Notices - Delay in Despatch of Circular

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)

Reference is made to the announcement of the Company dated 3 October 2017 in respect of, amongst other things, the discloseable and connected transaction in relation to the Acquisition of the Engine Assembly Line (the "Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcement.

As stated in the Announcement, a circular (the "Circular") containing, amongst other things,

(i) details of the Assets Transfer Agreement; (ii) the letter from the Independent Board Committee to the Independent Shareholders, setting out its recommendations in connection with the Assets Transfer Agreement; (iii) the letter from the Independent Financial Adviser containing its advice to the Independent Board Committee and the Independent Shareholders in connection with the Assets Transfer Agreement; and (iv) a notice to the Shareholders convening the Extraordinary General Meeting to approve the transactions contemplated under the Assets Transfer Agreement in accordance with the requirements of the Listing Rules, will be despatched to the Shareholders on or before 25 October 2017. As additional time is required for finalisation of the content of the Circular, it is expected that the despatch date of the Circular will be postponed to a date falling on or before 3 November 2017.

By the order of the Board

Chairman

Hong Kong, 25 October 2017

As at the date of this announcement, the Board comprises two executive directors, Mr. Wu Xiao An (also known as Mr. Ng Siu On) (Chairman) and Mr. Wang Yunxian (Chief Executive Officer); two non-executive directors, Mr. Liu Tongfu and Mr. Yang Ming; and four independent non-executive directors, Mr. Chi Guohua, Mr. Wang Jun, Mr. Huang Haibo and Mr. Wang Songlin.