Kowloon Electric Power: To increase the environmental protection industry

Events: Since July 26, the company began to suspend business, September 20 issued a notice of the increase, today's license. Analysis: 1, the capacity of the Kowloon Electric Power Environmental desulfurization unit will increase from the current 3.19 Million-kilowatt to 12.26 Million-kilowatt, the capacity of the Desulfurization unit increased nearly 3 times times. The company will issue no more than 185.38 million shares in the way of non-public offering to the controlling shareholder, China Electric Power Investment Group, the issue price is 9.17 yuan/share, raise funds not more than 1.7 billion yuan, the acquisition of the group's 9 companies of the desulfurization of environmental protection assets and follow-up investment.　　After the completion of the acquisition, the Kowloon Electric Power Environmental protection business revenue and scale will be greatly increased, the company will be transformed into science and technology environmental protection enterprises. 2. The company becomes the development platform of the environmental protection industry of China Electric Investment Group. China Electric Investment group pledged that the group of its subordinate enterprises have the conditions of desulfurization assets, has been completed will be gradually injected into the Kowloon Electric Power, under construction and future proposed by the Kowloon Electric Power Investment and franchising, the lack of conditions of the desulfurization assets will be commissioned in Kowloon Power Management operations;　　Gradual acquisition of environmentally-friendly assets in Kowloon by appropriate means. 3, the company can control the installed capacity of 800,000-kilowatt, the main holding unit of the Kowloon Branch and the White Crane Electric power to the Chongqing Electric network sales. China Electric Investment Co., Ltd is engaged in Desulfurization and denitration business. The company's investment in the future of environmental protection is one of the development direction for carbon capture and nuclear waste disposal. In view of the uncertainty of the related process, the performance is not forecasted. (Zhang Senguo)