China Power New Energy Development Company ... - HKEXnews

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China Power New Energy Development Company Limited 中國電力新能源發展有限公司* (incorporated in Bermuda with limited liability) (Stock Code: 0735)

ANNOUNCEMENT CHANGE OF CHAIRMAN OF THE BOARD, EXECUTIVE DIRECTOR AND NON-EXECUTIVE DIRECTOR, CHAIRMAN OF BOARD COMMITTEES

The Company announces that due to work arrangements by State-owned Assets Supervision and Administration Commission of the State Council, Ms. Li Xiaolin has resigned as the Chairman of the Board and an Executive Director with effect from 30 December 2015. As a result, Ms. Li Xiaolin has also vacated her positions as the Chairman of the Executive Committee and the Chaiman of the Nomination Committee with effect from the same date. The Company announces that Mr. Wang Binghua has been appointed as the Chairman of the Board and a Non-executive Director with effect from 30 December 2015. Mr. Wang Binghua has also been appointed as the Chairman of the Nomination Committee with effect from the same date. The Company further announces that Mr. Wang Zhongtang has been appointed as an Executive Director of the Company with effect from 30 December 2015. Mr. Wang Zhongtang has also been appointed as the Chairman of the Executive Committee with effect from the same date.

RESIGNATION OF DIRECTOR China Power New Energy Development Company Limited (the “Company”) announces that due to work arrangements by State-owned Assets Supervision and Administration Commission of the

State Council, Ms. Li Xiaolin (“Ms. Li”) has resigned as the Chairman of the Board of Directors (the “Board”) and an Executive Director of the Company with effect from 30 December 2015. As a result, Ms. Li has also vacated her positions as the Chairman of the Nomination Committee of the Company (the “Nomination Committee”) and the Chairman of the Executive Committee of the Company (the “Executive Committee”) with effect from the same date. Ms. Li confirmed that she has no disagreement with the Board and there is no matter relating to her resignation as the Chairman of the Board and an Executive Director that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’). The Board wishes to express its appreciation for Ms. Li’s contribution and leadership during her term of office. APPOINTMENT Appointment of Chairman of the Board, Non-executive Director and Chairman of Nomination Committee The Company is pleased to announce that Mr. Wang Binghua has been appointed as the Chairman of the Board and a Non-executive Director of the Company with effect from 30 December 2015. Mr. Wang Binghua has also been appointed as the Chairman of the Nomination Committee with effect from the same date. Mr. Wang Binghua, aged 61, is a senior engineer at professor level and has a master of engineering degree in power system and automation from Wuhan University of Hydraulic and Electrical Engineering. Mr. Wang Binghua is currently the chairman of State Power Investment Corporation* (國家電力投資集團公司) (“SPIC” formerly known as China Power Investment Corporation* (中國電力投資集團公司) (“CPIC”), the chairman of China Power International Holding Limited, the chairman of China Power International Development Limited, and the chairman of State Nuclear Power Technology Corporation* (國家核電技術公司) (“SNPT”). He is also a member of Chinese People’s Political Consultative Conference. Mr. Wang Binghua previously served as the chairman of SNPT (before his current term), the general manager of CPIC, the deputy general manager of China National Nuclear Corporation* (中國核工業集團公司) and the head of the operation of Power Generation and Transmission Department of the State Power Corporation of China* (國家電力公司). The appointment of Mr. Wang Binghua is not subject to a fixed term and is subject to retirement by rotation and re-election in annual general meeting in accordance with the bye-laws of the Company. Mr. Wang Binghua has not entered into any service contract with the Company, and will not receive any remuneration for his directorship with the Company. As at the date of this announcement, save as disclosed herein, Mr. Wang Binghua (i) does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (the “SFO”); (ii) does not hold any other positions with the Company and/or any of its subsidiaries; (iii) does not have any relationship with any directors, senior management, substantial shareholders (as defined under the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”) or controlling shareholders (as defined

under the Listing Rules) of the Company; and (iv) does not hold any directorship in any listed public companies in Hong Kong or overseas in the three years prior to the date of this announcement. Save as disclosed above, there are no other matters in connection with the appointment of Mr. Wang Binghua that need to be brought to the attention of shareholders of the Company and there is no other information in relation to the appointment of Mr. Wang Binghua that needs to be disclosed under Rule 13.51(2)(h) to (v) of the Listing Rules. Appointment of Executive Director, Chairman of Executive Committee The Company is pleased to announce that Mr. Wang Zhongtang has been appointed as an Executive Director with effect from 30 December 2015. Mr. Wang Zhongtang has also been appointed as the Chairman of the Executive Committee with effect from the same date. Mr. Wang Zhongtang, aged 51, has a master degree in nuclear reactor engineering from Shanghai Jiao Tong University. Mr. Wang Zhongtang is currently the assistant to the general manager of SPIC and the general manager of SNPT. Mr. Wang Zhongtang previously served as the chief engineer of SPIC and SNPT, and the Director General of Department of Nuclear Safety Management of Ministry of Environmental Protection of the People’s Republic of China. The appointment of Mr. Wang Zhongtang is not subject to a fixed term and is subject to retirement by rotation and re-election in annual general meeting in accordance with the bye-laws of the Company. Mr. Wang Zhongtang has not entered into any service contract with the Company, and will not receive any remuneration for his directorship with the Company. As at the date of this announcement, save as disclosed herein, Mr. Wang Zhongtang (i) does not have any interest in the shares of the Company within the meaning of Part XV of the SFO; (ii) does not hold any other positions with the Company and/or any of its subsidiaries; (iii) does not have any relationship with any directors, senior management, substantial shareholders (as defined under the Listing Rules) or controlling shareholders (as defined under the Listing Rules) of the Company; and (iv) does not hold any directorship in any listed public companies in Hong Kong or overseas in the three years prior to the date of this announcement. Save as disclosed above, there are no other matters in connection with the appointment of Mr. Wang Zhongtang that need to be brought to the attention of the shareholders of the Company and there is no other information in relation to the appointment of Mr. Wang Zhongtang that needs to be disclosed under Rule 13.51(2)(h) to (v) of the Listing Rules. GENERAL A table showing the updated composition of the Board committees is contained in the List of Directors and their Roles and Functions separately published on the websites of the Stock Exchange and the Company today.

This announcement is made pursuant to the inside information provisions under Part XIVA of the SFO and Rules 13.09 and 13.51(2) of the Listing Rules.

By order of the Board China Power New Energy Development Company Limited Wang Binghua Chairman Hong Kong, 30 December 2015 At the date of this announcement, the Board comprises four executive directors, namely Mr. Wang Zhongtang, Mr. Zhao Xinyan, Mr. He Hongxin and Mr. Qi Tengyun; three non-executive directors, namely Mr. Wang Binghua, Mr. Bi Yaxiong and Mr. An Luming; and four independent non-executive directors, namely Mr. Chu Kar Wing, Dr. Li Fang, Mr. Wong Kwok Tai, and Ms. Ng Yi Kum. * For identification purposes only