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(incorporated in the Cayman Islands with limited liability) (Stock code: 951)
Completion oF iSSUe oF SeCond tranChe oF Short-term FinanCinG noteS BY ChaoWei poWer
Reference is made to the announcement of the Chaowei Power Holdings Limited (the "Company") dated 20 January 2014 regarding the proposed issue of second tranche of short-term financing notes by Chaowei Power (the "announcement"). Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that Chaowei Power completed the issue of the second tranche of the short-term financing notes with a principal amount of RMB200 million and a term of 365 days in the PRC on 24 January 2014. The interest rate is 7.70% per annum.
By Order of the Board
Chairman and Chief Executive Officer
Changxing, Zhejiang Province, PRC, 24 January 2014
As at the date of this announcement, the executive Directors are Mr. ZHOU Mingming, Mr. ZHOU Longrui, Ms. YANG Yunfei and Mr. YANG Xinxin; the non-executive Directors are Ms. FANG Jianjun and Mr. NG Chi Kit; the independent non-executive Directors are Mr. WANG Jiqiang, Prof. OUYANG Minggao and Mr. LEE Conway Kong Wai.
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