09:45     MIN XIN HOLD<00222> - Announcement (7)                              

    `Huaneng H Share(s)'           overseas listed foreign                    
                                   shares in the existing issued              
                                   share capital of Huaneng,                  
                                   with a nominal value of                    
                                   RMB1.00 each, which are                    
                                   traded in Hong Kong dollars                
                                   and listed on the Stock                    
                                   Exchange                                   
    `Huaneng Share(s)'             the Huaneng Domestic                       
                                   Share(s), the Huaneng H                    
                                   Share(s) and                               
                                   Renminbi-denominated domestic              
                                   shares in the ordinary share               
                                   capital of Huaneng, with a                 
                                   nominal value of RMB1.00                   
                                   each, the shares of which                  
                                   (being Renminbi-denominated                
                                   domestic shares) are listed                
                                   on the Shanghai Stock                      
                                   Exchange                                   
    `Huaneng Unlisted Foreign      ordinary shares of Huaneng to              
    Shares'                        be re-designated from Huaneng              
                                   Domestic Shares, with a                    
                                   Renminbi-denominated par                   
                                   value of RMB1.00 each, such                
                                   re-designation would take                  
                                   place upon completion of the               
                                   Revised Acquisition, and for               
                                   the avoidance of doubt,                    
                                   Huaneng Unlisted Foreign                   
                                   Shares exclude Huaneng H                   
                                   Shares                                     
    `Independent Board Committee'  an independent committee of                
                                   the Board comprising Mr. Ip                
                                   Kai Ming, Mr. Robert Tsai To               
                                   Sze and Mr. So Hop Shing, all              
                                   being independent                          
                                   non-executive Directors,                   
                                   established for the purpose                
                                   of reviewing the transaction               
                                   contemplated under the                     
                                   Supplemental Agreement                     
    `Independent Shareholders'     Shareholders who are, to the               
                                   best of the Directors'                     
                                   knowledge, information and                 
                                   belief having made all                     
                                   reasonable enquiry, third                  
                                   parties independent of the                 
                                   Company and the connected                  
                                   persons of the Company                     
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `Long Stop Date'               18 July 2005, being the date               
                                   of the expiry of 12 months                 
                                   from the signing of the                    
                                   Agreement or, such later date              
                                   as the parties to the                      
                                   Agreement may agree in                     
                                   writing                                    
    `Percentage Ratios'            the percentage ratios (other               
                                   than the equity capital                    
                                   ratio) under Rule 14.07 of                 
                                   the Listing Rules                          
    `PRC'                          The People's Republic of                   
                                   China                                      
    `Previous Announcement'        the announcement made by the               
                                   Company dated 19 July 2004 in              
                                   relation to the Acquisition                
    `Revised Acquisition'          the transaction contemplated               
                                   under the Agreement and as                 
                                   amended by the Supplemental                
                                   Agreement                                  
    `Share(s)'                     ordinary share(s) of HK$1.00               
                                   each in the existing issued                
                                   share capital of the Company               
    `Shareholder(s)'               holder(s) of the Shares                    
    `SASAC'                        State-owned Assets                         
                                   Supervision and                            
                                   Administration Commission                  
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Supplemental Agreement'       the agreement dated 2 March                
                                   2005 entered into between the              
                                   Vendor and the Company                     
                                   amending the Agreement by                  
                                   adjusting the consideration                
                                   for the acquisition of the                 
                                   Asset by the Company to                    
                                   RMB373,896,000 (equivalent to              
                                   approximately HK$353,432,000)              
    `Vendor'                       (for identification purposes,              
                                   in English, the liquidation                
                                   team of FITIC), the vendor of