Resolutions of The Board of D

RNS Number : 5687Z

Datang Intl Power Generation Co Ld

22 July 2008

 



 (a sino-foreign joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 991)

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON RESOLUTIONS

OF THE BOARD OF DIRECTORS 

Special Notices: The Company and all members of the Board warrant the truthfulness, accuracy and completeness of the contents of this announcement, and jointly accept the responsibility for any false representations or misleading statements contained in, or material omissions from, this announcement.  This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The thirteenth meeting (the 'Meeting') of the sixth session of the board of directors (the 'Board') of Datang International Power Generation Co., Ltd. (the 'Company') was held by way of written correspondence on 18 July 2008. There were fifteen directors eligible for attending the Meeting and all of them attended the Meeting. The Meeting was held in compliance with the provisions stipulated in the Company Law of the People's Republic of China (the 'PRC') and the articles of association of the Company. The following resolutions were approved unanimously at the Meeting:

The 'Resolution on the Provision of Guarantee for the Financing Facilities of Jiangxi Datang International Xinyu Power Generation Company Limited' was considered and approved.

The Board agreed that the Company would provide joint-liability guarantee for the financing facilities of the Company's wholly-owned subsidiary, Jiangxi Datang International Xinyu Power Generation Company Limited ('Xinyu Power Company'), which will be applied to banks for the grant of credit for loans and for the construction of desulphurisation facilities. The guarantee amount is RMB180 million.

Since the assets-liabilities ratio for Xinyu Power Company exceeds 70%, the matter regarding the Company's provision of guarantee for the above financing facilities of Xinyu Power Company is required to be submitted to the general meeting of the Company for consideration and approval.

The Board agreed to submit the aforementioned matter to the 2008 First Extraordinary General Meeting of the Company for consideration, and authorised the secretary to the Board to issue a notice of the 2008 First Extraordinary General Meeting in due course after the date and particulars of the meeting are determined.

The details of the above mentioned provision of guarantee will be announced seperately by the Company after the confirmation of the terms of the relevant provision of guarantee agreement.

By Order of the Board

Zhou Gang    

Secretary to the Board

Beijing, the PRC, 21 July 2008

  As at the date of this announcement, the directors of the Company are:

Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, Yu Changchun*, Xia Qing* and Li Hengyuan*

* Independent non-executive directors

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/5687Z_-2008-7-22.pdf

 

END

 

 

MSCMGGZNZZLGRZG