PDF《中国电力国际发展有限公司》

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Power International Development Limited 中国电力国际发展有限公司(incorporated in Hong Kong with limited liability) (Stock Code: 2380) CONTINUING CONNECTED TRANSACTION Renewal of a Property Lease Agreement The Board announces that on

31 August 2015, the Company has entered into the Property Lease Agreement with CPI Holding in relation to a renewal of tenancy for the Premises. As at the date of this announcement, CPI Holding owns approximately 55.55% of the issued share capital of the Company. As CPI Holding is the controlling shareholder of the Company, CPI Holding is a connected person of the Company within the meaning of the Listing Rules. Accordingly, the Property Lease Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to the Property Lease Agreement, the maximum annual rental payable by the Company to CPI Holding amounts to RMB20,908,800 (equivalent to approximately HK$25,498,500). As the applicable percentage ratios as defined under Chapter

14 of the Listing Rules in relation to the maximum annual rental exceed 0.1% but fall below 5%, therefore the transaction is subject to the announcement, reporting and annual review requirements but is exempt from the independent shareholders' approval under Chapter 14A of the Listing Rules. The Directors (including the independent non-executive Directors) are of the view that as far as the shareholders of the Company are concerned, the Property Lease Agreement is entered into in the ordinary course of the Company's business, on normal commercial terms, fair and reasonable and in the interests of the Company and its shareholders as a whole. The Board announces that the Company entered into the Property Lease Agreement on

31 August

2015 with CPI Holding in relation to a renewal of tenancy for the Premises.

2 PROPERTY LEASE AGREEMENT Date

31 August

2015 Parties (i) The Company (the lessee);

and (ii) CPI Holding (the lessor). Principal Terms and Annual Cap Address: Premises on the 6th to 9th and 11th to 13th Floors, East Building, Hui Huang Shi Dai Plaza,

56 North West Fourth Ring Road, Haidian District, Beijing, the PRC. Area: 8,800 square metres Use: Office Lease term:

1 September

2015 to

31 August

2018 Annual rent: RMB20,908,800 (equivalent to approximately HK$25,498,500) or RMB198 per square metre per month (equivalent to approximately HK$241 per square metre per month) Payment method: Rental of RMB10,454,400 should be prepaid within

30 days from the date of commencement of the lease term, thereafter, in March and September each year the rental of RMB10,454,400 should be prepaid semi-annually. REASONS FOR AND BENEFITS OF THE CONTINUING CONNECTED TRANSACTION The Premises being rented under the Property Lease Agreement are used by the Company as its office in Beijing, the PRC. The rent is determined after arm's length negotiations with reference to the prevailing market rent of other similar premises in the nearby locations (not less than five latest comparable transactions). The Directors are of the view that the terms of renewing the Property Lease Agreement are no less favourable than the terms available from independent third parties, and will save the unnecessary relocation and administration costs, which is beneficial to the Group.