China Power New Energy Devlpmnt : Announcements and Notices - Voluntary Announcement - Restructure and Name Change of A Substantial Shareholder

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China Power Clean Energy Development Company Limited 中國電力清潔能源發展有限公司

(incorporated in Hong Kong with limited liability)

(Stock Code: 0735)

VOLUNTARY ANNOUNCEMENT

RESTRUCTURE AND NAME CHANGE OF A SUBSTANTIAL SHAREHOLDER

This announcement is made by China Power Clean Energy Development Company Limited (the "Company") on a voluntary basis.

The Company was informed by State Power Investment Corporation Limited (國家電力投資集團 有限公司) ("SPIC"), formerly State Power Investment Corporation (國家電力投資集團公司), that in accordance with the directions of the Central Committee of the Party and the State Council of the People's Republic of China and upon approval by the State-owned Assets Supervision and Administration Commission of the State Council, State Power Investment Corporation Limited has been restructured as a wholly state-owned company (國有獨資公司). SPIC's name has been changed to "State Power Investment Corporation Limited" in English and "國家電力投資集 團有限公司" in Chinese. The post-restructure SPIC assumes the capacity, business operations, assets and liabilities of the former entity.

SPIC is an indirect substantial shareholder of the Company.

By Order of the Board

China Power Clean Energy Development Company Limited

Wang Binghua

Chairman

Hong Kong, 17 January 2018

As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely Mr. Wang Fengxue, Mr. Zhao Xinyan, Mr. He Hongxin and Mr. Qi Tengyun; three non-executive directors, namely Mr. Wang Binghua, Mr. Bi Yaxiong and Mr. Zhou Jiong; and four independent non-executive directors, namely Mr. Chu Kar Wing, Dr. Li Fang, Mr. Wong Kwok Tai, and Ms. Ng Yi Kum.