China Datang Renewable Power : ANNOUNCEMENT - PUBLIC ISSUANCE OF RENEWABLE CORPORATE BONDS

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ANNOUNCEMENT

PUBLIC ISSUANCE OF RENEWABLE CORPORATE BONDS

The announcement is made by China Datang Corporation Renewable Power Co., Limited* (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (i) the circular and the revised notice of the first extraordinary general meeting in 2020 of the Company dated 17 April 2020; and (ii) the announcement of the Company dated 11 May 2020 on the poll results of the first extraordinary general meeting in 2020 and change of director and chairman of the board, in relation to, among others, the public issuance of renewable corporate bonds in the PRC.

The Company has completed the public issuance of its renewable corporate bonds (sixth tranche) of 2020 (the "Corporate Bonds") and received the proceeds therefrom on 21 September 2020. The final issue size of the Corporate Bonds is RMB1 billion, with a basic term of 1 years. The par value is RMB100 and the issuing interest rate is 3.73%. The interest starts to accrue on 22 September 2020.

CSC Financial Co., Ltd. acts as the lead underwriter, and CITIC Securities Company Limited and Ping An Securities Limited act as the joint underwriters for the Corporate Bonds. CSC Financial Co., Ltd. acts as bond trustee and bookrunner. The Corporate Bonds have been publicly issued to professional investors. The proceeds (after deducting issuance expenses) from the Corporate Bonds are proposed to be used for repayment of interest-bearing debts.

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This announcement does not constitute, or form part of, an offer or invitation, or solicitation or inducement of an offer, to subscribe for or purchase any of the Corporate Bonds or other securities of the Company, nor is this announcement calculated to invite offers for any securities of the Company.

By order of the Board

China Datang Corporation Renewable Power Co., Limited*

Cui Jian

Joint Company Secretary

Beijing, the PRC, 23 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Liu Guangming and Mr. Meng Lingbin; the non-executive directors are Mr. Kou Wei, Mr. Hu Shengmu, Mr. Li Yi and Mr. Liu Baojun; and the independent non-executive directors are Mr. Liu Chaoan, Mr. Lo Mun Lam, Raymond and Mr. Yu Shunkun.

• For identification purpose only

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