China Longyuan Power : ANNOUNCEMENT COMPLETION OF ISSUANCE OF ULTRA SHORT-TERM DEBENTURES……

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ANNOUNCEMENT

COMPLETION OF ISSUANCE OF ULTRA SHORT-TERM DEBENTURES

The announcement is made by China Longyuan Power Group Corporation Limited* (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (i) the circular and the notice of 2015 annual general meeting of the Company dated 15 April 2016 in relation to, among others, the issuance of non-financial corporate debt financing instruments; and (ii) the announcement of the Company dated 31 May 2016 on the poll results of the 2015 annual general meeting of the Company in relation to the approval of the issuance of non-financial corporate debt financing instruments by the shareholders of the Company.

The Company has completed the issuance of ultra short-term debentures (the "Ultra Short-term Debentures") on 18 May 2018. The aggregate issuance amount of the Ultra Short-term Debentures was RMB2 billion with a term of 70 days, nominal value per unit of RMB100 and coupon rate of 3.79%. The interest shall be accrued from 18

May 2018.

Shanghai Pudong Development Bank Co., Ltd. and Industrial and Commercial Bank of China Limited were the lead underwriters for the public offering of the Ultra Short-term Debentures. The proceeds raised from the Ultra Short-term Debentures will be used for replacement of the Company's borrowings from financial institutions so as to further improve the financing structure of the Company.

This announcement does not constitute, or form part of, an offer or invitation, or solicitation or inducement of an offer, to subscribe for or purchase any of short-term debentures or other securities of the Company, nor is this announcement distributed to invite offers for any securities of the Company.

By order of the Board

China Longyuan Power Group Corporation Limited*

Li Enyi

Executive Director and President

Beijing, the PRC, 18 May 2018

As at the date of this announcement, the non-executive directors of the Company are Mr. Qiao Baoping, Mr. Wang Baole, Mr. Luan Baoxing and Mr. Yang Xiangbin; the executive directors are Mr. Li Enyi and Mr. Huang Qun; and the independent non-executive directors are Mr. Zhang Songyi, Mr. Meng Yan and Mr. Han Dechang.

* For identification purpose only