China Electric Power : ·DELAY IN DESPATCH OF CIRCULAR REGARDING (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER OF NOT LESS THAN 754,975,576 OFFER SHARES AND NOT MORE THAN 837,353,336 OFFER SHARES

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announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8053) DELAY IN DESPATCH OF CIRCULAR REGARDING (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER OF NOT LESS THAN 754,975,576 OFFER SHARES AND NOT MORE THAN 837,353,336 OFFER SHARES ON THE BASIS OF FOUR OFFER SHARES FOR EVERY ONE NEW SHARE HELD ON THE RECORD DATE; AND (3) APPLICATION FOR WHITEWASH WAIVER

As additional time is required to finalise certain information to be set out in the Circular relating to, among other things, the Open Offer and the Whitewash Waiver, an application has been made by the Company to the Executive for an extension of the time of despatch of the Circular from 14 December 2011 to a date falling on or before 21 December 2011.
Subject to the date of despatch of the Circular, further announcement will be made by the
Company in relation to the revised timetable for the Open Offer.
Reference is made to the announcement of the Company dated 23 November 2011 (the "Announcement") and the subsequent announcement dated 8 December 2011 in relation to, among other things, the Open Offer, the Underwriting Agreement and the Whitewash Waiver. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
As set out in the Announcement, the circular (the "Circular") in relation to, among other things, the Open Offer, the Underwriting Agreement and the Whitewash Waiver would be sent by the Company to the Shareholders on or before 14 December 2011. Pursuant to Rule 8.2 of the Takeovers Code, the Circular is required to be despatched by the Company to the Shareholders within 21 days of the date of the Announcement, being 14 December 2011.
As additional time is required to finalise certain information to be set out in the Circular, including the letter from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders setting out its advise in relation to Open Offer, the Underwriting Agreement and the Whitewash Waiver, an application has been made by the Company to the Executive for an extension of the time of despatch of the Circular (the "Extension") from 14 December 2011 to a date falling on or before 21 December 2011 and the Executive has indicated that it is minded to grant the consent to the Extension. Subject to the date of despatch of the Circular, further announcement will be made by the Company in
relation to the revised timetable for the Open Offer.
Hong Kong, 13 December 2011
By order of the Board
China Electric Power Technology Holdings Limited
Li Kangying

Chairman

As of the date of this announcement, the Board comprises executive Directors, namely Mr. Li Kangying (Chairman), Mr. Wang Dongbin, Mr. Cheung Jonathan and Mr. Cheng Wai Lam James and non-executive Director, Mr. Chau King Fai and independent non-executive Directors, Mr. Yeung Kenneth King Wah, Mr. Gao Feng and Mr. Chiang Sheung Yee Anthony.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

All Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to

the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the Company's website at www.ceptchina.com.