Kowloon Power: Broad policy support

Kowloon Electric Power to the major shareholders to direct the issuance of a shares, acquisition group Desulfurization assets Project.　　Distribution method: The company intends to adopt to the specific object of non-public distribution, to the CLP Investment group acquisition of assets.　　Issue quantity: The amount of the proposed shares is not more than 185 million shares.　　Issue Price: This issue shares the price of 9.17 yuan/share.　　Target assets: The company's targeted additional shares are intended to be used for the acquisition of Luyang group Pingdingshan power generation, such as 9 projects of desulfurization assets (including 4 projects under construction), as well as follow-up inputs to the above projects under construction.　　After transaction equity: After the completion of the transaction, the total amount of the company's equity will increase from 335 million to no more than 520 million shares, the CLP investment group Holding company's shares from 30.62% to no more than 55.36%, the company's actual control has not changed. The rapid expansion of asset scale, effectively avoid competition. This directional additional involves 9.08 Million-kilowatt desulfurization assets, after the acquisition completes, the company Desulfurization unit will rise from the current 3.19 Million-kilowatt fast to 12.26 Million-kilowatt, the company assets scale expands rapidly, the desulfurization asset capacity increases 284%.　　At the same time, because the object of acquisition is the supporting desulfurization assets of the generator set, the power plant itself does not operate independently of the target assets, so this issue is beneficial to avoid the competition between the groups. Strategic transformation to build a platform for environmental protection, the future growth of vast space. After the completion of the acquisition, the company's main business changes, the proportion of environmental protection significantly increased, the company from power generation and power environmental protection simultaneously, rapid transformation for the science and Technology of environmental protection listed companies, to become China Electric Investment Group Environmental protection industry platform. In the future, Desulfurization project construction, desulfurization franchise, denitrification project construction and Catalyst manufacturing, power plant water supply, nuclear waste treatment will become the new growth point of the company's performance, opening up a huge growth space for the future development of the company.