1st Apr 2010 17:59
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DATANG INTERNATIONAL POWER GENERATION CO., LTD.
(a sino-foreign joint stock limited company incorporated in the People's
Republic of China) (Stock Code: 991) OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT ON REPLACEMENT OF SELF-FINANCING FUNDS ALREADY COMMITTED IN ADVANCE TO FUND-RASIING INVESTMENT PROJECTS WITH FUNDS RAISED
Special Notice: The board of directors (the "Board") and all directors (the "Directors") of the Company warrant that there are no false representations and misleading statements contained in, or material omissions from, this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the content of this announcement. This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
Datang International Power Generation Company Limited (the "Company") completed the non-public issue of A shares to target subscribers on 23 March 2010 (the "Issue"). Upon completion of the Issue, the Company's total issued share capital increased from 11,780,037,578 shares to 12,310,037,578 shares, and net proceeds from the Issue amounting to RMB3,248,246,600 were raised. Such proceeds have been verified and confirmed in the PricewaterhouseCoopers Zhong Tian Capital Verification Report [Yanzi (2010) No. 024] issued by PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PwC"). Since some of the fund-raising investment projects under the Issue obtained approval and commenced construction works in 2009, and the funds raised were only booked in March 2010. As such, the Company had committed in advance its self-financing funds amounting to RMB1,685.38 million as at 31 December 2009 to the construction of the fund-raising investment projects in order to ensure the fund-raising investment projects were able to proceed smoothly before the funds raised are in place. On 30 March 2010, PwC conducted an audit on the projects and issued the "PricewaterhouseCoopers Zhong Tian Report on Committed Self-financing Funds in Advance to Seven Fund-raising Investment Projects and Attestation Report" [Teshenzi (2010) No.417] with audit made on the above-mentioned committed self-financing funds. As at 31 December 2009, the actual investment amount in respect of using self-financing funds by the Company to commit in advance to the fund-raising investment projects amounted to RMB1,685.38 million. Details of which are as follows:
Proposed Self-financingcommitted fundsNo. Fund-raising project amount from committed inactual funds advanceraised (RMB100 (RMB100million) million)1 A "Replacing Small Units with LargerOnes" new project of Liaoning DatangInternational Jinzhou thermal powerplant with a capacity of 2x300MW 3.1800 3.18002 An expansion project for ShanxiDatang International Yungangthermal power plant Phase 2 witha capacity of 2x300MW 3.5200 2.86293 A thermal power cogenerationexpansion project for Hebei DatangInternational thermal power plantPhase 4 with a capacity of2x300MW at Tangshan New Area 1.6800 1.68004 A "Replacing Small Units with LargerOnes" thermal power cogenerationexpansion project for Hebei DatangInternational's thermal power plantPhase 4 with a capacity of 2x300MWat Zhangjiakou 4.5800 3.00005 Phase 2 project for the hydropowerstation at Wenshanzhou, Malutang 1.9000 0.93396 Hydropower Station at Yinpan,Wujiang, Chongqing 3.9371 1.76507 The portion committed to Phase 1project for the nuclear power plantat Ningde, Fujian in 2009 6.8640 3.4320
Total 25.6611 16.8538
The "Resolution on the Company's Replacement of Self-financing Funds Already Committed in Advance to Fund-raising Investment Projects with Raised Funds" was considered and approved at the thirty-third meeting of the sixth session of the Board of the Company on 30 March 2010, and it was agreed that the fund raised amounting to RMB1,685.38 million shall be used to replace the self-financing funds already committed in advance to the fund-raising investment projects with funds raised. For other details, please refer to the "Announcement on Replacement of Self-financing Funds Already Committed in Advance to Fund-raising Investment Projects with Raised Funds by Datang International Power Generation Co., Ltd." published on the website of the Shanghai Stock Exchange (www.sse.com.cn).
By Order of the BoardZhou GangSecretary to the Board
Beijing, the PRC, 1 April 2010
As at the date of this announcement, the Directors of the Company are: Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, Yu Changchun*, Xia Qing* and Li Hengyuan*. *Independent non-executive Directors
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