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CGN Power Co., Ltd. * 1816 (1) 2014 (2) 2014 (3) 2014 (4) 2014 (5) 2014 (6) 2015 (7) 2015 (8) 2015 (9) (10) (11) H (12) (13) (14) (15) (16) (17) 2014 5 41 42 43 44 55 2015 5 26 88 JW 3 N-1 N-5 (i) 2015 5 6 H (ii) H H * 2015 4 10

... 1... 5... 6... 6... 7 2014... 7 2014... 7 2014... 8 2014... 8 2014... 8 2015... 12 2015... 12 2015... 13... 14... 15 H... 18... 21... 35... 35... 37... 37... 38... 39... 40... 41... 42... 44... 56... 60 2014... N-1 i

2015 5 26 88 JW 3 2014 1994 9 29 90% 10% 1997 7 22 66.66% 30% 3.34% 1

2014 3 25 H 1816 2014 11 21 2015 12 9 1.00 H H H 1.00 2006 8 28 45% 45% 10% 2

H H 20% 2015 4 3 H 2014 12 10 2006 3 23 46% 44% 10% 2014 11 27 3

2015 3 18 571 H H H 2007 7 5 47.5% 30% 12.5% 10% % * 4

CGN Power Co., Ltd. * 1816 1001 1 2 36 (1) 2014 (2) 2014 (3) 2014 (4) 2014 (5) 2014 (6) 2015 (7) 2015 (8) 2015 (9) (10) (11) H (12) (13) (14) (15) (16) (17) 2014 5

2015 5 26 88 JW 3 2014 2014 4 10 N-1 N-5 2015 3 18 1. 2014 2. 2014 3. 2014 4. 2014 5. 2014 12 31 6. 2015 7. 2015 8. 2015 9. 10. 6

11. H 12. 13. 14. 15. 16. H 1. 2014 2014 2015 4 10 2014 2014 2. 2014 2014 2015 4 10 2014 7

2014 3. 2014 2014 2015 4 10 2014 2014 4. 2014 2014 12 31 2015 4 10 2014 2014 12 31 5. 2014 2014 12 31 2014 2014 3 25 2014 12 10 8

2014 3,688,110,897.62 H 2014 2014 12 10 2014 12 31 226,258,112.28 2014 12 10 2014 12 31 10 0.025 2014 12 33% 2015 6 26 2015 6 7 2014 10 0.025 (1) 2015 6 2 2015 6 7 2015 6 1 4 30 1001 24 9

2015 6 7 20% (2) H 2015 6 2 2015 6 7 H H 2015 6 1 4 30 H 183 17 1712 1716 2008 1 1 2015 6 7 H 10% [1994]020 H H [2011]348 H 10

H (i) 10% H 10% H 2015 6 14 < > [2009]124 (ii) 10% H 10% (iii) 10% 20% H (iv) 20% H 20% 2015 6 7 H H H H H 2015 6 1 4 30 H H 183 17 1712 1716 H 2014 11

6. 2015 2015 2015 278.97 173.94 105.03 2015 7. 2015 2014 2014 2014 2015 2015 2015 2015 12

8. 2015 2015 45 45 65 15 15 13

9. A.1.8 2014 60,000,000 52,015 2014 11 24 2015 11 23 1) 1 14

2) 3) 10. 2015 2 16 2015 3 30 (i) (ii) (iii) (iv) (v) (a) 15

(b) (c) 13.51(2) 54 2014 9 1984 8 1987 4 404 1987 4 2003 3 2003 3 2003 7 2003 7 2004 2 2004 2 2006 11 2006 11 2011 6 ERP 2011 6 2014 8 2011 8 2014 8 63 2013 2 1971 10 1973 11 1973 11 1974 8 1974 8 1978 1 1978 1 1990 9 1990 9 1996 8 1996 8 2003 4 2003 4 16

2004 11 2004 11 2012 3 2012 3 2013 2 60 1973 3 1977 3 1977 3 1980 7 1980 7 1984 2 1984 2 1986 3 1986 3 1987 9 1987 9 1988 1 1988 1 1992 11 1992 11 2002 1 2002 1 2003 11 2003 10 20 2003 11 16 2003 11 2005 6 2005 6 2007 11 2007 11 2010 12 2009 2 2 2010 12 2012 6 2011 4 2012 6 2012 6 2014 12 (i) (ii) 17

(iii) XV (iv) 13.51(2)(h) (v) 11. H 2014 12 29 H H H H H H 17 (1) (2) 18

(1) H H H 10% (2) H H 1% (3) H 1% (1) (2) (3) (1) (2) (3) 19

(1) H (2) H 1 24 2 36 3 48 3 20

(1) (2) (3) (4) 2.85% 27.66% 69.49% (1) (ROE) 11% 50 (2) (EVA) 42 H 12. i. A 21

2014 12 10 2015 12 9 iv. A 2015 3 18 2015 3 18 ii. 2015 3 18 2015 12 10 2018 12 9 3 22

1 2 1 3 1 2 (1) 1 (i) (ii) (iii) http://www.pbc.gov.cn 23

(2) 2 (i) (ii) (iii) (3) 3 (i) (ii) 3 24

(1) 1 3 (2) (3) (i) (ii) (i) (ii) (a) (b) 25

iii. (1) (2) (1) (2) 26

iv. 2014 12 31 (i) (ii) (iii) 12 31 2012 2013 2014 (i) (1) 7,000 10,000 10,232 (ii) (1) 12,144,000 9,797,000 13,800,000 (iii) (1) 21,450,000 16,667,000 24,452,000 (1) 12.5% 60% 2014 10 30 2015 4 51% 27

2015.01.01-2015.12.10-2016.01.01-2017.01.01-2018.01.01-2015.12.09 2015.12.31 2016.12.31 2017.12.31 2018.12.09 (i) (ii) (iii) 16,000 4,600 18,000 19,500 20,800 21,800,000 21,800,000 23,544,000 25,428,000 27,462,000 (1) 25,338,000 25,338,000 30,406,000 36,487,000 43,784,000 (1) 14A.90 14A (i) 2014 12 31 (ii) 2014 12 31 (iii) 28

(i) 2014 12 31 (ii) (iii) (i) 2014 12 31 (ii) (iii) 2014 12 31 (i) (ii) (iii) (i) 2014 12 31 267.12 (ii) (iii) (i) 2015 2015 278.97 (a) 173.94 (b) 105.03 (ii) (iii) 2014 12 31 2014 12 29

31 593.26 v. (1) (2) (3) (4) 90% 30

(5) (1) (2) (i) (a) (b) (ii) (iii) (3) (4) 31

(5) 14A.54 (6) vi. 10% 14A.07 A 32

14.07 5% 25% 10,000,000 A vii. 2015 3 18 (i) (ii) viii. 33

1994 9 29 64.20% 1997 7 22 66.66% 30% 3.34% (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) ix. 42 43 34

x. 44 55 xi. 30% 13. 35

5 36

14. 3 1 5 2 15. 37

2015 3 18 16. H H H 20% H H 9,707,500,000 H 1,941,500,000 H (a) (b) 12 (c) 38

2015 5 26 88 JW 3 2015 4 10 N-1 N-5 14A.36 29,176,641,375 64.20% (i) (ii) 2015 5 6 H H H H 39

13.39(4) 71 2015 4 26 2015 5 26 2015 4 24 H 183 17 1712 1716 H 1001 24 2015 6 2 2015 6 7 2015 6 1 H 183 17 1712 1716 H 1001 24 40

2015 4 10 41

CGN Power Co., Ltd. * 1816 (a) (b) 2015 12 10 2015 12 31 2016 12 31 2017 12 31 2018 1 1 2018 12 9 44 55 2015 12 10 2015 12 31 2016 12 31 2017 12 31 2018 1 1 2018 12 9 42

2015 12 10 2015 12 31 2016 12 31 2017 12 31 2018 1 1 2018 12 9 2015 4 10 * 43

71 19 2015 4 10 2015 12 9 2018 12 9 44

1. 2012 2013 2014 12 31 90% 45

1994 90% 1811 1164 2014 11 27 2014 6 30 3,450 H 2014 12 2014 11 2015 12 9 2018 12 9 (i) (ii) (iii) (i) (ii) 46

(i) (ii) (iii) 90%;(iv) 2015 12 9 2018 12 9 (v) (vi) 2. (i) (ii) (i) (ii) (iii) (i) (ii) (iii) 47

(i) (ii) (i) (ii) (iii) (i) (ii) (iii) (i) (ii) (i) (ii) 48

(i) (ii) (i) (ii) 2014 12 31 (i) 2014 12 31 (ii) (iii) (i) (ii) 90% (iii) (iv) 49

(v) (i) (ii) 3. 2014 12 31 2015 1 1 2015 12 9 (i) 2015 12 10 2015 12 31 A (ii) 2016 12 31 B (iii) 2017 12 31 C (iv) 2018 1 1 2018 12 9 D (1) (2) A B C D 2014 12 31 2015 1 1 2015 12 9 2015 12 10 2015 12 31 2016 12 31 2017 12 31 2018 1 1 2018 12 9 13,800,000 21,800,000 21,800,000 23,544,000 25,428,000 27,462,000 (+41%) (+8%) (+8%) (+8% (3) ) 24,452,000 25,338,000 25,338,000 30,406,000 36,487,000 43,784,000 (+47%) (+20%) (+20%) (+20% (3) ) 10,232 16,000 4,600 18,000 19,500 20,800 (+2%) (+8%) (+7% (3) ) 1. 51% 2015 4 50

2. 2014 11 27 3. C A 2015 22 2015 1 1 2015 12 9 2014 11 27 B C D A 8% 2012 2013 2014 12 31 218 56% 45% 63% (i) 2014 12 31 2014 2014 12 31 267.12 (ii) (iii) (International Atomic Energy Agency) (Power Reactor Information System) 2013 2013 51

2013 2.1% 2014 2015 2017 40 50 18 30 200 280 (i) 2014 (ii) 2015 2015 7% 3% (International Monetary Fund) (World Economic Outlook)2014 10 2016 2017 2018 12 31 9% (i) A 2015 22 2014 11 27 2015 1 1 2015 12 9 (ii) B C D 8% (iii) 52

A 2015 22 2015 1 1 2015 12 9 2014 11 27 B C D A 20% 2015 278.97 (i) 173.94 (ii) 105.03 2013 12 31 2014 11 27 22% (i) 2014 12 31 47% (ii) 2014 2014 12 31 593.26 (iii) 2015 278.97 (iv) 20% (i) A 2015 22 2014 11 27 2015 1 1 2015 12 9 (ii) (iii) 53

A 2014 30% B C D (i) (ii) 10% B C D 9 1 1 1 (iii) B C C D 2013 12 31 43% 30% A B 1 8 2014 12 31 33% (i) 2013 12 31 (ii) 2011 12 31 1 6 C 8% D 7% (i) 2017 2018 12 31 9% (ii) (i) (ii) 54

6 2015 4 10 55

1. 2. (a) XV XV 7 8 352 (b) 18 (c) 15.1 2014 12 31 (d) 2014 12 31 56

(e) 8.10 (f) 2014 12 31 (g) (h) 3. 57

4. XV 2 3 10% (%) (%) 29,176,641,375 85.10 64.20 3,428,512,500 10.00 7.54 H 1,026,596,000 9.20 2.26 XV 2 3 10% 5. 6 (a) 58

2014 11 3 9,707,500,000 8,825,000,000 882,500,000 2014 12 10 2014 11 3 11,163,625,000 10,148,750,000 1,014,875,000 2014 12 10 44,125,000,000 29,289,292,000 66.38% 3,441,750,000 7.80% 1,686,458,000 3.82% 9,707,500,000 22.00% 45,448,750,000 29,176,641,375 64.20% 3,428,512,500 7.54% 1,679,971,125 3.70% 11,163,625,000 24.56% 60

353 45,448,750,000 61

2014 CGN Power Co., Ltd. * 1816 2014 2015 5 26 88 JW 3 2014 1. 2014 12 31 2. 2014 12 31 3. 2014 4. 2014 12 31 5. 2014 12 31 6. 2015 7. 2015 8. 2015 9. 2015 4 10 N-1

2014 10. a) b) c) 11. H 2015 4 10 12. 2015 4 10 13. 2015 4 10 14. 2015 4 10 15. 2015 4 10 16. (I) H H H H 20% (a) (i) N-2

2014 (ii) 12 (iii) (b) H H H 20% (c) (II) (I) (III) (I) 2015 4 10 * a. 2015 4 10 2014 2014 2014 2014 2014 N-3

2014 b. 1.00 c. 2015 4 10 d. H H 24 H 183 17M 1001 24 e. 2015 4 26 2015 5 26 H 2015 4 24 H 183 17 1712 1716 H 1001 24 f. g. H 2015 5 6 ((852)2865 0990) H 183 17M h. 2015 5 6 ((86) 755 83699089) 1001 24 i. N-4

2014 j. 1001 24 (86) 755 84431212 N-5