Stmt re Year 2000 Readiness

BEIJING DATANG POWER GENERATION COMPANY LIMITED 14 October 1999 BEIJING DATANG POWER GENERATION COMPANY LIMITED Below is the text of an announcement which was released to the Hong Kong Stock Exchange today: 'The Stock Exchange of Hong Kong Limited (the 'Stock Exchange') takes no responsibility for the contents of this announcement, and makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this announcement. Beijing Datang Power Generation Company Limited (a joint stock limited company incorporated in the People's Republic of China with limited liability) Year 2000 Readiness Beijing Datang Power Generation Company Limited and its subsidiaries (the 'Group') has completed Year 2000 compliance tests on the production systems of the Group's power plants and upgrading for its system software and hardware (except the data collection system for Duo He Power Plant Unit 7) which are susceptible to Year 2000 computer problem before 30th September, 1999. The Group will conduct overhaul and repair work on Duo He Power Plant Unit 7 by the end of October of this year and upgrade the data collection system of that plant unit to achieve Year 2000 compliance. The overhaul and repair work will be completed by November of this year. By then, the Group will be Year 2000 compliant. The Group has completed Year 2000 compliance texts on the production systems of the Group's power plants before 30th September, 1999. In respect of the Group's and its power plants' computer system hardware, software, applications and communication interfaces with outside organisations which are susceptible to Year 2000 computer problem, the upgrading of system software and hardware (except the data collection system for Duo He Power Plant Unit 7) has also been conducted. Dou He Power Plant Unit 7 has to be in continuous operation during which any upgrading work conducted on its data collection system may affect its normal operation. In order to reduce business risks, the Group will upgrade the data collection system of that plant unit to achieve Year 2000 compliance at the same time when the regular overhaul and repair work on Duo He Power Plant Unit 7 is conducted by the end of October of this year in accordance with the original production plan of the Group. The overhaul and repair work on the plant unit and the upgrading work on the data collection system will be completed by November of this year. By then, the Group will be Year 2000 compliant. The Group has developed a series of contingency measures to ensure that Year 2000 computer problem will not have a significant impact on its operation or arouse business risks. Major measures include back-up of the production system, safety and isolation measures for productions systems and manual recording of measuring systems. By order of the Board Huang Jinkai Chairman Beijing, the PRC, 13th October, 1999'
UK 100

Latest directors dealings