China Power New Energy Devlpmnt : Announcements and Notices - Announcement - Change of Vice Chairman and Non-executive Director

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ANNOUNCEMENT

CHANGE OF VICE CHAIRMAN AND

NON-EXECUTIVE DIRECTOR

The Company announces that Mr. Bi Yaxiong has resigned as a non-executive director of the Company and vice chairman of the board of directors of the Company (the "Board") with effect from 3 May 2018 and Mr. Wang Liangyou has been appointed as a non-executive director of the Company and vice chairman of the Board with effect from 3 May 2018.

RESIGNATION OF VICE CHAIRMAN AND NON-EXECUTIVE DIRECTOR

China Power Clean Energy Development Company Limited (the "Company") announces that, due to work re-designation, Mr. Bi Yaxiong ("Mr. Bi") has resigned as a non-executive director of the Company and vice chairman of the Board with effect from 3 May 2018.

Mr. Bi confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as a non-executive director of the Company and vice chairman of the Board that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board wishes to express its appreciation for Mr. Bi's contribution during his term of office.

APPOINTMENT OF VICE CHAIRMAN AND NON-EXECUTIVE DIRECTOR

The Company is pleased to announce that Mr. Wang Liangyou ("Mr. Wang") has been appointed as a non-executive director of the Company and vice chairman of the Board with effect from 3 May 2018.

Mr. Wang, aged 54, graduated from the Tsinghua University in 1985 with a Bachelor's degree in Electrical Mechanical Engineering. He obtained his Master Research study in business administration at the School of Business of Renmin University of China in 2000 and completed a Doctoral Research in Technical Economics and Management at the School of Business Administration of North China Electric Power University in 2007. From 2005 to 2007, he served as the general manager (legal representative) and a party organisation member of Yunnan Power Grid Company* (雲南電網公司), during which he also served as the party organisation secretary of Yunnan Power Grid Company* (雲 南電網公司) and as the deputy party organisation secretary of Yunnan Power Grid Company* (雲南電網公司). From 2007 to 2017, he served as the deputy general manager and a party organisation member of China Southern Power Grid Company Limited* (中國南方電網有限責任公司), during which he also served as the general manager (legal representative), a standing party member and the deputy secretary of Yunnan Power Grid Company* (雲南電網公司) and the chairman of the labour union of China Southern Power Grid Company Limited* (中國南方電網有限責任公司). In December 2017, he was appointed as a party organisation member and the deputy general manager of China Three Gorges Corporation Limited* (中國長江三峽集團有限 公司).

The Company and Mr. Wang has entered into a service contract but there is no fixed term of appointment with the Company. He is subject to retirement by rotation and re-election in annual general meeting in accordance with the articles of association of the Company. Mr. Wang is not entitled to any director's fee.

As at the date of this announcement, save as disclosed above, Mr. Wang (i) does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (ii) does not hold any other position with the Company or any of its subsidiaries; (iii) does not have any relationship with any directors, senior management, substantial shareholders (as defined under the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules")) or controlling shareholders (as defined under the Listing Rules) of the Company; and (iv) has not held any directorship in any listed public companies in Hong Kong or overseas in the three years prior to the date of this announcement.

Save as disclosed above, there are no other matters in relation to the appointment of Mr. Wang that need to be brought to the attention of shareholders of the Company and there is no other information in relation to the appointment of Mr. Wang that needs to be disclosed under Rule 13.51(2)(h) to (v) of the Listing Rules.

*

English translation is for identification only.

By order of the Board

China Power Clean Energy Development Company Limited

Wang Binghua

Chairman

Hong Kong, 3 May 2018

As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely Mr. Wang Fengxue, Mr. Zhao Xinyan, Mr. He Hongxin and Mr. Qi Tengyun; three non-executive directors, namely Mr. Wang Binghua, Mr. Wang Liangyou and Mr. Zhou Jiong; and four independent non-executive directors, namely Mr. Chu Kar Wing, Dr. Li Fang, Mr. Wong Kwok Tai, and Ms. Ng Yi Kum.