Subsidiary

Zhaoqing Development Electric Power Co., Ltd.

Zhaoqing Development Electric Power Co., Ltd., the holding subsidiary of the Company, was established on September 25, 2006 with the registered capital of RMB 30 million Yuan. The wholly-owned subsidiary of the Company-Guangzhou Development Electric Power Investment Co., Ltd. and China Huadian Corporation hold 50% equity interests each. Zhaoqing Development Electric Power Co., Ltd. is mainly responsible for pushing the Zhaoqing Power Plant project. This project is planned to construct 4×600MW ultra-supercritical thermal power units, and the phase 1 project is to construct 2×600MW native ultra-supercritical thermal power units.