Datang wins approval to commence Phase I of 6,000MW Liaoning Xudabao nuclear project in China

Source: Datang International Power Generation Co., Ltd.

The Phase 1 of Liaoning Xudabao Nuclear Power Project (the Xudabao Nuclear Project Phase 1), in which Datang International Power Generation Co., Ltd. (the Company) has 20 percent investment interest, has recently received a reply from the National Development and Reform Commission approving the commencement of the preliminary works for the project.

Liaoning Xudabao Nuclear Project is located at the southern part of Xudabao Village, Haibin County, Xing Cheng City under the Huludao Municipality. According to the plan of having six 1,000 MW units, the Xudaobao Nuclear Project Phase 1 is planned to construct two 1,000 MW pressurized nuclear reactor units.

The proactive development of nuclear power aligns with the direction of the State's energy development during the Twelve Five-Year Plan period. The construction of the Xudabao Nuclear Project Phase 1 is beneficial for optimizing the Company's structure of power source, and satisfies the future needs in power consumption for northeastern China and Liaoning Province. The Company's investment in the development of the Xudabao Nuclear Project Phase 1 is a move towards implementing the Company's development strategy of "actively developing nuclear power", cultivating new income bases of the Company, and deploying key strategies for the Company's sustainable development. Upon completion of the project, the Company's attributable installed capacity in nuclear power will also increase and the Company's structure of power source will be further optimized, thereby enhancing the Company's core competitiveness.

The project capital for the Xudabao Nuclear Project Phase 1 represents 20 percent of its total investment, which will be contributed by China National Nuclear Corporation, the Company and other shareholders in the proportions of 50 percent, 20 percent and 30 percent, respectively. Save as the project capital, other funding will be financed from bank borrowings. Upon fulfillment of the Xudabao Nuclear Project Phase 1 conditions, the application for approval of the project pursuant to the relevant authorities will be submitted.

Special Notice:

The board of directors and all directors of the Company warrant that there are no false representations and misleading statements contained in, or material omissions from this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the content of this announcement.

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules).



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