09:23     CH CONSERVATION<00290> - Announcement (1)                           

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims 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 Conservational Power Holdings Limited                               
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code : 290)                                                        
                                                                              
    POLL RESULTS OF EXTRAORDINARY GENERAL MEETING                             
                                                                              
                                                                              
    The board of directors of China Conservational Power Holdings Limited     
    announces that ordinary resolutions relating to the refreshment of        
    general mandate to allot and issue shares and the refreshment of the      
    limit to grant of options under the share option scheme in the Company    
    were duly passed at the extraordinary general meeting held on 18 March    
    2005.                                                                     
                                                                              
    References are made to the announcement dated 28 January 2005 (the        
    "Announcement") made by China Conservational Power Holdings Limited (the  
     "Company") and the circular dated 18 February 2005 (the "Circular").     
    Unless otherwise defined, terms used herein shall have the same meanings  
     as those defined in the Announcement and the Circular.                   
                                                                              
    RESULTS OF THE EXTRAORDINARY GENERAL MEETING                              
                                                                              
    The board (the "Board") of directors of the Company announces that the    
    ordinary resolutions relating to the refreshment of general mandate to    
    allot and issue shares and the refreshment of the limit to grant of       
    options under the Share Option Scheme were duly passed at the             
    Extraordinary General Meeting held on 18 March 2005.                      
                                                                              
    The ordinary resolution for the refreshment of the Scheme Limit was duly  
     passed by the Shareholders at the Extraordinary General Meeting on a     
    show of hands. No Shareholder is required to abstain from voting on the   
    resolution for refreshment of the Scheme Limit at the Extraordinary       
    General Meeting under the Listing Rules.                                  
                                                                              
    The voting results of the poll taken at the Extraordinary General         
    Meeting are as follows :                                                  
                                                                              
       Number of Shares                                                       
       represented by votes                                                   
       casted and percentage                                                  
       of total number of                                                     
       Shares represented                                                     
       by votes casted   Total number                                         
    Ordinary resolution (Notes)   For    Against   of votes casted            
    To give a new general mandate to the Directors    89,062,000   0          
    89,062,000                                                                
      to allot, issue and deal with additional shares    (100%)   (0 %)       
    (100%)                                                                    
      of the Company (the "General Mandate                                    
      Refreshment Resolution").                                               
                                                                              
    The General Mandate Refreshment Resolution was duly passed as an          
    ordinary resolution at the Extraordinary General Meeting by poll.         
                                                                              
    Notes:                                                                    
                                                                              
    (1)   The full text of the ordinary resolutions proposed at the           
    Extraordinary General Meeting were set out in the notice of the           
    Extraordinary General Meeting dated 18 February 2005, a copy of which is  
     set out in the Circular.                                                 
                                                                              
    (2)   As at today, the Company has an aggregate of 386,726,000 Shares in  
     issued. The Company has no controlling shareholders. As disclosed in     
    the Circular, Mr. Hon Ming Kong and Mr. Chen Jun Nong, both of whom are   
    executive Directors, were interested in 54,900,000 and 120,000 Shares     
    (representing approximately 14.196% and 0.031% of the total issued share  
     capital of the Company respectively) have abstained from voting on the   
    General Mandate Refreshment Resolution at the Extraordinary General       
    Meeting in accordance with the Listing Rules. The total number of issued  
     Shares entitling the holders to attend and vote for or against the       
    General Mandate Refreshment Resolution at the Extraordinary General       
    Meeting was 331,706,000 Shares, representing approximately 85.773% of     
    the existing issued share capital of the Company.                         
                                                                              
    (3)   Hong Kong Registrars Limited, the Company's branch share registrar  
     and transfer office in Hong Kong, acted as the scrutineer at the         
    Extraordinary General Meeting.                                            
                                                                              
    By Order of the Board