09:57     DATANG POWER<00991> - Announcement (3)                              

    The proposed structure of the A Shares Issue is set out below:            
                                                                              
    (1)     Type of securities to be issued:        RMB denominated ordinary  
    shares of the Company.                                                    
                                                                              
    (2)     Number of A Shares to be issued:        Not more than 1 billion A 
    Shares, the exact number of which shall be determined by the              
    Board as proposed to be authorised by the shareholders of the             
    Company at the 2004 AGM and the 2005 CSMs.                                
                                                                              
    (3)     Par value:      RMB1.00 per share.                                
                                                                              
    (4)     Target subscribers:     The A Shares will be issued in two        
    tranches, namely, to (a) the existing holders of domestic shares          
    of the Company through the Private Placement Arrangements; and            
    (b) natural persons and institutional investors (except those             
    prohibited by PRC laws or regulations) within the PRC through             
    the Public Subscription Tranche, who are not connected persons            
    (as defined in the Listing Rules) of the Company.                         
                                                                              
    (i)     Private Placement Arrangements                                    
                                                                              
            CDGC and TJIC, part of the existing holders of domestic shares    
    of the Company, intended to subscribe at the same issue price             
    as the A Shares to be issued under the Public Subscription Tranche        
    for not more than 301,704,761 and 92,358,600 A Shares (based              
    on the issue of 1 billion A Shares), respectively, representing           
    approximately 30.17% and 9.24% of the total number of A Shares            
    to be issued (based on the issue of 1 billions A Shares),                 
    respectively. If the total number of A Shares to be issued is             
    less than 1 billion, the number of A Shares to be placed to each          
    of CDGC and TJIC will be adjusted accordingly with reference              
    to the total number of A Shares to be issued. Such A Shares will          
    not be listed and traded on the Shanghai Stock Exchange for the           
    time being.                                                               
                                                                              
    The extension of the validity period for each of the Private              
    Placement Arrangements to CDGC and TJIC constitutes connected             
    transaction of the Company under the Listing Rules, which is              
    subject to the approval by the Independent Shareholders at the            
    2004 AGM.                                                                 
                                                                              
    (ii)    Public Subscription Tranche                                       
                                                                              
            The Company intends to issue not more than 605,936,639 A          
    Shares (based on the issue of 1 billion A Shares) to natural              
    persons and institutional investors (except those prohibited              
    by PRC laws or regulations) within the PRC.                               
                                                                              
    (5)     Issue price and pricing process:        The issue price of the A  
    Shares will be determined in accordance with strict market                
    principles based on the PRC securities market condition at the            
    time when the A Shares Issue takes place. The final issue price           
    as well as the pricing mechanism will, as may be required under           
    the relevant PRC laws and regulations, be subject to be approved          
    by all relevant PRC regulatory authorities including the CSRC.            
                                                                              
    (6)     Use of proceeds:        It is intended that not more than RMB6    
    billion will be raised from the A Shares Issue and the proceeds           
    therefrom are intended to be used as follows:                             
                                                                              
    (a)     approximately RMB261 million to complete the Datang Shentou       
    power generation project;                                                 
                                                                              
    (b)     approximately RMB113 million to complete the Datang               
    Liancheng power generation project;                                       
                                                                              
    (c)     approximately RMB321 million to complete the Datang