Huadian to sign agreement on new Energy capital increase and reorganization deal

Huadian International (600027.　　SH/01071.HK October 29 issued a notice, announced with China Huadian, Huadian Energy, Wujiang hydropower, Huadian project and Fu New Energy on the new energy to increase capital and restructuring agreement.　　Fu New Energy predecessor of Huadian Fujian Power Generation Co., Ltd., October 20 renamed as Fu New Energy.　　According to the agreement, China Huadian Corporation, Huadian Power, Wujiang hydropower, Huadian Engineering and Huadian International will transfer their own shares of Huadian New energy company to the new energy, China Huadian will inject another 1 billion yuan in cash, as its further injection of new energy resources.　　Upon completion of the transfer and reorganization, China Huadian, Huadian Energy, Wujiang hydropower, Huadian Engineering and Huadian International will hold about 88.87%, 3.59%, 3.59%, 1.49% and 2.46% shares of the new energy. Huadian New energy company will become a wholly-owned subsidiary of Fu New Energy. Huadian New Energy set up on September 26, 2007, mainly engaged in wind power, water and electricity and other new energy technology and industry development business. China Huadian, Huadian Energy, Wujiang hydropower, Huadian Engineering and Huadian International holdings of about 57.81%, 13.6%, 13.6%, 5.67% and 9.32% of China's new energy shares.　　The total registered capital of Huadian New energy is RMB 1.498 billion. After the completion of the transaction, the registered capital of the new energy will be increased from RMB 2.2 billion to RMB 4.6 billion.　　Huadian International said in the announcement that the deal could make Huadian's renewable energy scale further improved.　　Last month, 27th, China Electric International issued three quarterly bulletin, due to a sharp rise in coal prices, coal-burning costs, resulting in the company's first three quarters of the total profit, net profit reduction, while the country's pricing adjustment policy on the Internet is uncertain, the cumulative net profit is expected to fall by more than 50% in Last Friday Huadian International A shares closed at 4.06 Yuan, the H shares closed at HK $1.78, today Huadian International A shares closed at 4.08 Yuan, the H shares closed at HK $1.80.