China Resources Power Holdings Company Limited (the “Company” or “CR Power”) and the directors of the Company (the “Directors”) regards corporate governance as a part of value creation, and is committed to improving the overall standard of corporate governance with reference to international corporate governance practices. The Board of Directors of the Company (the “Board”) acknowledges its responsibilities in establishing and maintaining a good corporate governance structure and complying with the best corporate governance practices in order to continuously improve its accountability and transparency, to be fair to each shareholder and to create value for all shareholders.

Corporate governance structure

In 2008, CR Power applied the principles and complied with all of the provisions as well as most of the recommended best practices of the Code on Corporate Governance Practices (the “Code”) set out in Appendix 14 of the Rules Governing the Listing of Securities (the “Listing Rules”) promulgated by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The following summarizes CR Power’s corporate governance practices and explains deviations, if any, from the recommended best practices set out in the Code.

A. Directors
B. Remuneration of Directors and Senior Management
C. Accountability and Audit
D. Delegation by the Board
E. Communication with shareholders