Subsidiary

Guangdong Redbay Power Generating Co., Ltd.
Guangdong Redbay Power Generating Co., Ltd., the joint share subsidiary of the Company, was established on March 30, 2004. The Company holds 25% equity interests though the wholly-owned subsidiary Guangzhou Development Electric Power Investment Co., Ltd., Guangdong Yuedian Group holds 40% equity interests,Guangdong Electric Power Development Co., Ltd. holds 25% equity interests and Shanwei Asset Management Company holds 10% equity interests of the company. Guangdong Redbay Power Generating Co., Ltd. is mainly responsible for constructing, operating and managing the Shanwei Power Plant project of  PhaseⅠ2×600MW coal-fired units. Unit 1 and Unit 2 of Phase I project (2×600MW) have passed the 168-hour full-load trial run and has been put into production on January 27, 2008 and Feburary 11, 2008 respectively.