Connected Transactions
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.
DATANG INTERNATIONAL POWER GENERATION CO., LTD.
(a sino-foreign joint stock limited company incorporated in the People's
Republic of China)
(Stock Code: 00991)
ANNOUNCEMENT
CONNECTED TRANSACTIONS
TECHNOLOGICAL TRANSFORMATION PROJECT CONTRACTS
Pursuant to the resolution of the fifth meeting of the eighth session of the
Board on the consideration and approval of the "Resolution on the Tendering for
the Technological Transformation Projects of Datang International and its
Subsidiaries" on 6 December 2013 (details of which were set out in the overseas
regulatory announcement of the Company dated 6 December 2013), the Company and
its subsidiaries have invited public tender for their Technological
Transformation Projects in 2014. According to the result of the tender, certain
subsidiaries and power plants of the Company entered into a total of nine
Technological Transformation Project Contracts with Certain Subsidiaries of
CDC, with the aggregate contract amount of approximately RMB510.061 million.
LISTING RULES IMPLICATIONS
As at the date of this announcement, CDC is the controlling Shareholder of the
Company, which together with its subsidiaries hold 34.71% of the issued share
capital of the Company. Pursuant to Chapter 14A of the Listing Rules, since
such Certain Subsidiaries of CDC are subsidiaries of CDC or consortium formed
by the subsidiaries of CDC, they are connected persons of the Company and the
transactions under the Technological Transformation Project Contracts
constitute connected transactions of the Company.
As one or more of the applicable percentage ratios (as defined under Rule 14.07
of the Listing Rules) in respect of the aggregated transaction amount under the
nine Technological Transformation Project Contracts is more than 0.1% but less
than 5%, the Technological Transformation Project Contracts and the
transactions thereunder are subject to the reporting and announcement
requirements under Chapter 14A of the Listing Rules but do not require the
approval by the independent Shareholders of the Company.
On 20 March 2014, the contract amount of the Technological Transformation
Project Contract entered into between Zhangjiakou Power Plant and Datang
Engineering Company exceeded the de minimis threshold under Rule 14A.76 of the
Listing Rules and required reporting and announcement under Chapter 14A of the
Listing Rules. The Company made supplemental disclosure of the Technological
Transformation Project Contracts in order to comply with the relevant reporting
and announcement requirements under Chapter 14A of the Listing Rules.
TECHNOLOGICAL TRANSFORMATION PROJECT CONTRACTS
Pursuant to the "Resolution on the Tendering for the Technological
Transformation Projects of Datang International and its Subsidiaries"
considered and approved in the fifth meeting of the eighth session of the Board
on 6 December 2013 (details of which were set out in the overseas regulatory
announcement dated 6 December 2013), the Company and its subsidiaries have
invited public tender for their Technological Transformation Projects in 2014.
According to the result of the tender, certain subsidiaries and power plants of
the Company entered into a total of nine Technological Transformation Project
Contracts with Certain Subsidiaries of CDC, with the aggregate contract amount
of approximately RMB510.061 million.
Date of contracts:
Various dates from March 2014 to July 2014
Parties:
(1) Certain subsidiaries and power plants of the Company:
Zhangjiakou Power Plant, Wangtan Power Generation Company, Zhangjiakou Thermal
Power Company, Jinzhou Thermal Power Company, Keqi Coal-based Gas Company,
Xinyu Power Generation Company, Chaozhou Power Generation Company and Ningde
Power Generation Company
(2) Certain Subsidiaries of CDC:
Datang Technology Industry Company, Datang Engineering Company and Datang
Technology Industry Company-Datang Engineering Company consortium
Major terms of the contracts:
During March 2014 to July 2014, the parties entered into a total of nine
Technological Transformation Project Contracts, and the terms of which are
materially the same. The major terms are summarised as follows:
Subject Datang Technology Industry Company, Datang Engineering Company and
matter Datang Technology Industry Company - Datang Engineering Company
consortium entered into nine Technological Transformation Project
Contracts with eight subsidiaries and power plants of the Company
Name of the (1) Zhangjiakou Power Plant entered into the "General EPC Contract
contracts for Transformation Project for the Bag-type Dust Collectors of
Boilers No. 1 and 4 of 300MW Power Generating Units No. 1 and 4
of Zhangjiakou Power Plant" with Datang Engineering Company,
pursuant to which, Zhangjiakou Power Plant agreed to appoint
Datang Engineering Company to carry out the transformation
project for the bag-type dust collectors of boilers of its
power generating units, with an aggregate contract amount of
RMB34.85 million.
(2) Zhangjiakou Power Plant entered into the "General EPC Contract
for Transformation Project for the Bag-type Dust Collectors of
Boilers No. 3 and 7 of 300MW Power Generating Units No. 3 and 7
of Zhangjiakou Power Plant" with Datang Engineering Company,
pursuant to which, Zhangjiakou Power Plant agreed to appoint
Datang Engineering Company to carry out the transformation
project for bag-type dust collectors of boilers of its power
generating units, with an aggregate contract amount of RMB50.15
million.
(3) Chaozhou Power Generation Company entered into the "Commercial
Contract for Transformation Project for the Power Supply of the
Electrostatic Dust Precipitators of Boilers No. 3 and 4 of the
Power Generating Units of Chaozhou Power Generation Company"
with Datang Engineering Company, pursuant to which, Chaozhou
Power Generation Company agreed to appoint Datang Engineering
Company to carry out the transformation project for
electrostatic dust precipitators of boilers of its power
generating units, with an aggregate contract amount of RMB6.831
million.
(4) Ningde Power Generation Company entered into the "Purchase and
Sale Contract for Equipment for the Transformation of the Power
Supply of the Electrostatic Dust Precipitators of Power
Generating Units No. 2 and 3 of Ningde Power Generation
Company" with Datang Engineering Company, pursuant to which,
Ningde Power Generation Company agreed to purchase
transformation equipment for the power supply of the
electrostatic dust precipitators of its power generating units
from Datang Engineering Company, with an aggregate contract
amount of RMB5.211 million.
(5) Keqi Coal-based Gas Company entered into the "General Contract
for the Denitrification Project of 3×470t/h Coal-fired Boilers
of the Power Generating Units of Keqi Coal-based Gas Company"
with Datang Engineering Company, pursuant to which, Keqi
Coal-based Gas Company agreed to appoint Datang Engineering
Company to carry out general contracting of the denitrification
engineering work for its coal-fired boilers, with an aggregate
contract amount of RMB99.47 million.
(6) Wangtan Power Generation Company entered into the "Contract for
Capacity Expansion and Transformation Project for the Flue Gas
Desulfurisation System of Power Generating Units No. 1 and 2 of
Wangtan Power Generation Company" with Datang Technology
Industry Company-Datang Engineering Company consortium,
pursuant to which, Wangtan Power Generation Company agreed to
appoint Datang Technology Industry Company-Datang Engineering
Company consortium to carry out the capacity expansion and
transformation project for the flue gas desulfurisation system
of its power generating units, with an aggregate contract
amount of RMB124.98 million.
(7) Zhangjiakou Thermal Power Company entered into the "Contract
for Capacity Expansion and Transformation Project for the Flue
Gas Desulfurisation System of Power Generating Units No. 1 and
2 of Zhangjiakou Thermal Power Company" with Datang Technology
Industry Company-Datang Engineering Company consortium,
pursuant to which, Zhangjiakou Thermal Power Company agreed to
appoint Datang Technology Industry Company-Datang Engineering
Company consortium to carry out the capacity expansion and
transformation project for the flue gas desulfurisation system
of its power generating units, with an aggregate contract
amount of RMB84.58 million.
(8) Jinzhou Thermal Power Company entered into the "Contract for
Transformation Project for the Electrostatic Dust Precipitators
of Boilers No. 1 and 2 of Power Generating Units of Jinzhou
Thermal Power Company" with Datang Engineering Company,
pursuant to which, Jinzhou Thermal Power Company agreed to
appoint Datang Engineering Company to carry out the
transformation project for the electrostatic dust precipitators
of boilers of its power generating units, with an aggregate
contract amount of RMB4.899 million.
(9) Xinyu Power Generation Company entered into the "Commercial
Contract for Transformation Project for the SCR Flue Gas
Denitrification Project of Power Generating Units No. 1 and 2
(2×220MW) of Xinyu Power Generation Company" with Datang
Technology Industry Company-Datang Engineering Company
consortium, pursuant to which, Xinyu Power Generation Company
agreed to appoint Datang Technology Industry Company-Datang
Engineering Company consortium to carry out the transformation
project for the SCR flue gas denitrification system of its
power generating units, with an aggregate contract amount of
RMB99.09 million.
Total Breakdown of the total contract price:
contract
price Total Total Total Total Total other
(RMB'000) facilities consideration consideration consideration expenses
costs for for for technical (RMB'000):
(RMB'000): construction installation services
work work (RMB'000):
(RMB'000): (RMB'000):
510,061 324,220.842 43,874.839 119,782.285 18,489.41 3,693.624
Major A. Prepayment:
settlement
and payment Within one month from the effective date of the contract, the
terms Contractors shall provide an irrevocable performance bond guarantee
in an amount equivalent to 10% of the total contract price and a
financial receipt equivalent to 10% of the total contract price and
the Owners shall pay 10% of the total contract price to the
contractors as prepayment within one month upon verification of
such documents.
B. Facilities costs:
(1) The Owners shall pay 20% of the facilities costs to the
Contractors within two weeks upon receiving and verifying (a) a
copy of the major sections of the contract for the purchase of
the main facilities; and (b) a financial receipt equivalent to
20% of the facilities costs.
(2) The Owners shall pay 30% of the facilities costs to the
Contractors within one month after the delivery of the
equipment (parts and components) in lots according to specified
order to the place of delivery within specified time, and upon
receiving and verifying (a) the original of the certificate of
inspection of the lots of facilities signed by the authorised
representative of the Owners; (b) the original of the detailed
content checklist of the lots of the facilities; (c) the
original of the quality check certificate of the lots of
facilities; and (d) a special invoice for the value-added tax
on 100% of the facilities costs.
(3) After the construction work is completed, and the facilities
under the contract passed test run for 168 hours, the Owners
shall pay 30% of the facilities costs to the Contractors within
one month upon verifying such construction work.
(4) Within one month after the expiration of the warranty period of
the facilities and no quality issues arises, and upon the owner
receiving (a) a copy of the final certificate of
check-and-acceptance for the facilities under the contract; and
(b) a financial receipt equivalent to 10% of the facilities
costs, the Owners shall pay 10% of the facilities costs to the
Contractors within one month upon verifying such documents.
C. Consideration for construction and installation works:
(1) Upon completion of 50% of the construction work, the Owners
shall pay 20% of the consideration of the construction and
installation work and provide invoice based on the construction
progress.
(2) Upon completion of 80% of the construction work, the Owners
shall pay 20% of the consideration of the construction and
installation work and provide invoice based on the construction
progress.
(3) Upon completion of 100% of the construction work, the Owners
shall pay 20% of the consideration of the construction and
installation work and provide the full amount invoice for the
construction work.
(4) Upon completion of the installation work, the Owners shall pay
20% of the consideration of the construction and installation
work after check and acceptance.
(5) The Owners shall pay 10% of the consideration of the
construction and installation work to the contractors after the
expiration of the warranty period of the contractual work with
no quality issues arises, and within one year upon the
submission of five copies of the final certificate of
check-and-acceptance by the Contractors and verification of
such documents by the Owners. Should any quality issues arises,
the corresponding expenses shall be deducted thereof.
D. Consideration for technical services:
Lump sum settlement:
Within one month upon submission of construction plan and a service
industry invoice in the amount equivalent to 100% of the technical
services fee by the Contractors which are checked and confirmed by
the Owners, the Owners shall pay 100% of the total technical
services fee to the Contractors; or
Settlement by installment:
(1) Within one month upon completion of the preliminary design and
construction plan, the Contractors shall provide a commercial
invoice in the amount equivalent to 70% of the total design
fees and the technical information required by the contract,
and the Owners shall pay 60% of the total design fees to the
Contractors within 30 days upon verification of such documents.
(2) Within one month upon completion of the as-built drawings, the
Contractors shall provide a commercial invoice in the amount
equivalent to 10% of the total design fees and the technical
information required by the contract, and the Owners shall pay
10% of the total design fees to the Contractors within 30 days
upon verification of such documents.
(3) Upon signing of the preliminary certificate of
check-and-acceptance by the owner, the Contractors shall
provide the commercial invoice in the amount equivalent to 20%
of the total design fees, and the Owners shall pay 10% of the
total design fees to the Contractors within 30 days upon
verification of such documents.
(4) 10% of the remaining design fees shall be paid as warranty bond
of the design.
E. Other expenses:
Other expenses shall be paid simultaneously in the same manner as
the consideration for construction and installation works.
Conditions The Technological Transformation Project Contracts shall become
precedent effective when they are duly signed by the legal representative or
the proxy (with written authorisation by the legal representative)
of the parties with their respective company seals affixed thereto.
REASONS FOR AND BENEFITS OF ENTERING INTO THE TECHNOLOGICAL TRANSFORMATION
PROJECT CONTRACTS
According to the annual technological transformation plan of the Company, the
Company invited public tender for the Technological Transformation Projects for
the power generating units of its power plants and subsidiaries. After carrying
out relevant evaluation procedures and considering various factors, including
the technical experiences, professional qualification, business reputation,
project management skills, consideration amount and other relevant factors of
all the tenderers, certain professional companies, including Datang Engineering
Company, Datang Technology Industry Company and Datang Technology Industry
Company-Datang Engineering Company consortium were selected as the tender
winners for the Technological Transformation Projects for the power generating units
of eight subsidiaries and power plants of the Company.
Datang Technology Industry Company, Datang Engineering Company and Datang
Technology Industry Company-Datang Engineering Company consortium possess
sufficient qualification with rich expertise in carrying out the Technological
Transformation Projects. The Company considers that such companies will be
capable to ensure the Technological Transformation Projects to be carried out
smoothly.
The Company's power plants and subsidiaries agreed to appoint Datang Technology
Industry Company, Datang Engineering Company and Datang Technology Industry
Company-Datang Engineering Company consortium to carry out the Technical
Transformation Projects, mainly for the purposes of ensuring the on-schedule
completion of Technical Transformation Projects of the Company's power plants
and subsidiaries, to fully ride on their professional advantage, as well as to
control cost to a certain extent through large scale purchasing of facilities.
The Directors (including independent non-executive Directors) are of the view
that the transactions under the Technological Transformation Project Contracts
were duly completed by way of public tender; the relevant terms are fair and
reasonable and conducted on normal commercial terms and is in the interests of
the Company and its shareholders as a whole.
BOARD'S APPROVAL
None of the Directors has material interest in the transactions under the
Technological Transformation Project Contracts. Connected Directors, including
Chen Jinhang, Hu Shengmu and Fang Qinghai, have abstained from voting for this
resolution at the relevant Board meeting pursuant to the Listing Rules of the
Shanghai Stock Exchange.
INFORMATION OF THE PARTIES
1. The Company is principally engaged in the construction and operation of
power plants, the sale of electricity and thermal power, the repair and
maintenance of power equipment and power related technical services, with
its main service areas being in the PRC.
2. Zhangjiakou Power Plant is a power plant owned by the Company. It currently
has eight 300MW coal-fired generation units (2,400MW in total) and the
assets of compatible desulfurisation facilities. The power generated mainly
supplies the Beijing-Tianjin-Tangshan power grid.
3. CDC was established on 9 March 2003 with registered capital of RMB15,394
million and is principally engaged in the development, investment,
construction, operation and management of power energy, organisation of
power (thermal) production and sales; manufacturing, repair and maintenance
of power equipment; power technology development and consultation; power
engineering, contracting and consultation of environmental power
engineering; development of new energy as well as development and
production of power related coal resources.
4. Datang Technology Industry Company is a wholly-owned subsidiary of CDC with
a registered capital of RMB550 million. The company is the major platform
for the development of the technology business segment of CDC and is
responsible for the implementation of the development strategy and plan for
the technology business of CDC.
5. Datang Engineering Company is a subsidiary of Datang Technology Industry
Company. It was established on 10 May 2004 with a registered capital of
RMB180 million. Its scope of business mainly includes: general contracting
for design and construction of thermal power and wind power generation
system; general contracting for design and construction of environmental
projects such as flue gas desulfurisation and denitrification in various
areas, including energy, metallurgy and chemistry; franchise of
environmental desulfurisation facilities; general contracting for design
and construction of material conveying projects, such as coal conveying,
ash conveying and bulk cargo terminals; general contracting for design and
construction of projects such as dry slag removing system and
anti-corrosion of chimneys; manufacture of heavy machinery and dry slag
removing equipment.
6. Datang Technology Industry Company-Datang Engineering Company consortium is
a consortium formed by Datang Technology Industry Company Limited and China
Datang Technologies and Engineering Co., Ltd.
7. Wangtan Power Generation Company is a subsidiary of the Company and has an
installed capacity of 1,200MW.
8. Zhangjiakou Thermal Power Company is a wholly-owned subsidiary of the
Company and has an installed capacity of 600MW.
9. Jinzhou Thermal Power Company is a wholly-owned subsidiary of the Company
and has an installed capacity of 600MW.
10. Keqi Coal-based Gas Company is a subsidiary of the Company which is owned
as to 51% by the Company. It was duly incorporated on 10 December 2010 with
a registered capital of RMB392 million.
11. Xinyu Power Generation Company is a wholly-owned subsidiary of the Company
and has an installed capacity of 440MW.
12. Chaozhou Power Generation Company is a subsidiary of the Company which is
owned as to 52.5% by the Company. It has a total installed capacity of
3,200MW.
13. Ningde Power Generation Company is a subsidiary of the Company which is
owned as to 51% by the Company. It has a total installed capacity of
2,520MW.
LISTING RULES IMPLICATIONS
As at the date of this announcement, CDC is the controlling Shareholder of the
Company, which together with its subsidiaries hold 34.71% of the issued share
capital of the Company. Pursuant to Chapter 14A of the Listing Rules, since
Such Subsidiaries of CDC are subsidiaries of CDC or consortium formed by the
subsidiaries of CDC, they are connected persons of the Company and the
transactions under the Technological Transformation Project Contracts
constitute connected transactions of the Company.
As one or more of the applicable percentage ratios (as defined under Rule 14.07
of the Listing Rules) in respect of the aggregated transaction amount under the
nine Technological Transformation Project Contracts is more than 0.1% but less
than 5%, the Technological Transformation Project Contracts and the
transactions thereunder are subject to the reporting and announcement
requirements under Chapter 14A of the Listing Rules but do not require the
approval by the independent Shareholders of the Company.
On 20 March 2014, the contract amount of the Technological Transformation
Project Contract entered into between Zhangjiakou Power Plant and Datang
Engineering Company exceeded the de minimis threshold under Rule 14A.76 of the
Listing Rules and required reporting and announcement under Chapter 14A of the
Listing Rules. The Company made supplemental disclosure of the Technological
Transformation Project Contracts in order to comply with the relevant reporting
and announcement requirements under Chapter 14A of the Listing Rules.
DEFINITIONS
In this announcement, unless the context otherwise requires, the following
expressions have the following meanings:
"Board" the board of Directors
"CDC" China Datang Corporation, a State-owned
enterprise established under the laws of the PRC
and is a controlling shareholder of the Company.
CDC and its subsidiaries own approximately 34.71%
of the issued share capital of the Company as at
the date of this announcement
"Certain Subsidiaries of Datang Technology Industry Company, Datang
CDC" Engineering Company and Datang Technology
Industry Company - Datang Engineering Company
consortium
"Chaozhou Power Guangdong Datang International Chaozhou Power
Generation Company" Generation Company Limited, a subsidiary of the
Company. For more information, please refer to
the section headed "INFORMATION OF THE PARTIES"
"Company" Datang International Power Generation Co., Ltd.,
a sino-foreign joint stock limited company
incorporated in the PRC on 13 December 1994,
whose H Shares are listed on the Stock Exchange
and the London Stock Exchange and whose A Shares
are listed on the Shanghai Stock Exchange
"connected person" has the meaning ascribed to it under the Listing
Rules
"connected transaction" has the meaning ascribed to it under the Listing
Rules
"Contractors" Datang Technology Industry Company, Datang
Engineering Company and Datang Technology
Industry Company-Datang Engineering Company
consortium
"Datang Engineering China Datang Technologies and Engineering Co.,
Company" Ltd., a subsidiary of Datang Technology
Industry Company Limited, a wholly-owned
subsidiary of CDC. For more information, please
refer to the section headed "INFORMATION OF THE
PARTIES"
"Datang Technology Datang Technology Industry Company Limited, a
Industry Company" wholly-owned subsidiary of CDC. For more
information, please refer to the section headed
"INFORMATION OF THE PARTIES"
"Datang Technology a consortium formed by Datang Engineering
Industry Company - Datang Company and Datang Technology Industry Company
Engineering Company
consortium"
"Director(s)" the director(s) of the Company
"Jinzhou Thermal Power Liaoning Datang International Jinzhou Thermal
Company" Power Generation Limited, a wholly-owned
subsidiary of the Company. For more
information, please refer to the section headed
"INFORMATION OF THE PARTIES"
"Keqi Coal-based Gas Inner Mongolia Datang International Keshiketeng
Company" Qi Coal-based Gas Company Limited, a subsidiary
of the Company. For more information, please
refer to the section headed "INFORMATION OF THE
PARTIES"
"Listing Rules" the Rules Governing the Listing of Securities
on the Stock Exchange
"Ningde Power Generation Fujian Datang International Ningde Power
Company" Generation Company Limited, a subsidiary of the
Company. For more information, please refer to
the section headed "INFORMATION OF THE PARTIES"
"Owners" Zhangjiakou Power Plant, Wangtan Power
Generation Company, Zhangjiakou Thermal Power
Company, Jinzhou Thermal Power Company, Keqi
Coal-based Gas Company, Xinyu Power Generation
Company, Chaozhou Power Generation Company,
Ningde Power Generation Company
"PRC" the People's Republic of China
"RMB" Renminbi, the lawful currency of the PRC
"Stock Exchange" The Stock Exchange of Hong Kong Limited
"Technological refers collectively to the following nine
Transformation Project contracts or any one of them:
Contract(s)"
(1) "General EPC Contract for Transformation
Project for the Electric Dust Wipers of
Boilers No. 1 and 4 of 300MW Power
Generating Units No. 1 and 4 of Zhangjiakou
Power Plant" entered into between
Zhangjiakou Power Plant and Datang
Engineering Company on 20 March 2014
(2) "General EPC Contract for Transformation
Project for the Electric Dust Wipers of
Boilers No. 3 and 7 of 300MW Power
Generating Units No. 3 and 7 of Zhangjiakou
Power Plant" entered into between
Zhangjiakou Power Plant and Datang
Engineering Company in April 2014
(3) "Commercial Contract for Transformation
Project for Transformation Project for the
Power Supply of the Electric Dust Wipers of
Boilers No. 3 and 4 of the Power Generating
Units of Chaozhou Power Generation Company"
entered into between Chaozhou Power
Generation Company and Datang Engineering
Company on 4 April 2014
(4) "Purchase and Sale Contract for Equipment
for the Transformation of the Power Supply
of the Electric Dust Wipers of Power
Generating Units No. 2 and 3 of Ningde
Power Generation Company" entered into
between Ningde Power Generation Company and
Datang Engineering Company on 18 April 2014
(5) "General Contract for the Denitrification
Project of 3×470t/h Coal-fired Boilers of
the Power Generating Units of Keqi
Coal-based Gas Company" entered into
between Keqi Coal-based Gas Company and
Datang Engineering Company in May 2014
(6) "Contract for Expansion and Transformation
Project for the Flue Gas Desulfurization
System of Power Generating Units No. 1 and
2 of Wangtan Power Generation Company"
entered into between Wangtan Power
Generation Company and Datang Technology
Industry Company-Datang Engineering Company
consortium is a consortium in July 2014
(7) "Contract for Expansion and Transformation
Project for the Flue Gas Desulfurisation
System of Power Generating Units No. 1 and
2 of Zhangjiakou Thermal Power Company"
entered into between Zhangjiakou Thermal
Power Company and Datang Technology
Industry Company-Datang Engineering Company
consortium on 15 July 2014
(8) "Contract for Transformation Project for
the Electric Dust Wipers of Boilers No. 1
and 2 of Power Generating Units of Jinzhou
Thermal Power Company" entered into between
Jinzhou Thermal Power Company and Datang
Technology Industry Company-Datang
Engineering Company consortium on 18 July
2014
(9) "Commercial Contract for Transformation
Project for the SCR Flue Gas
Denitrification Project of Power Generating
Units No. 1 and 2 (2×220MW) of Xinyu Power
Generation Company" entered into between
Xinyu Power Generation Company and Datang
Technology Industry Company-Datang
Engineering Company consortium on 29 July
2014
"Technological refers to the technological transformation
Transformation Projects" projects that transform obsolete technologies
into advanced technologies and replace outdated
technology and equipment with advanced ones by
upholding the principle of technological
advancement, thereby achieving the goal to
expand production capacities through organic
growth, diversify product portfolio and enhance
product quality, at the same time saving
energy, reducing raw materials consumption,
enhancing labour productivity and increasing
economic benefits
"Wangtan Power Generation Hebei Datang International Wangtan Power
Company" Generation Company Limited, a subsidiary of the
Company. For more information, please refer to
the section headed "INFORMATION OF THE PARTIES"
"Xinyu Power Generation Jiangxi Datang International Xinyu Power
Company" Generation Company Limited, a wholly-owned
subsidiary of the Company. For more
information, please refer to the section headed
"INFORMATION OF THE PARTIES"
"Zhangjiakou Power Plant" Datang International Power Generation Company
Limited Zhangjiakou Power Plant, a power plant
owned and directly managed by the Company. For
more information, please refer to the section
headed "INFORMATION OF THE PARTIES"
"Zhangjiakou Thermal Hebei Datang International Zhangjiakou Thermal
Power Company" Power Generation Company Limited, a subsidiary
of the Company. For more information, please
refer to the section headed "INFORMATION OF THE
PARTIES"
"%" percentage
By Order of the Board
Zhou Gang
Secretary to the Board
Beijing, the PRC, 27 August 2014
As at the date of this announcement, the Directors of the Company are:
Chen Jinhang, Hu Shengmu, Wu Jing, Fang Qinghai, Zhou Gang, Cao Xin,
Cai Shuwen, Liu Haixia, Guan Tiangang, Yang Wenchun,
Dong Heyi*, Ye Yansheng*, Zhao Jie*, Jiang Guohua*, Feng Genfu*
* Independent non-executive Directors
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