At the 15th Meeting of the 5th Board of Directors, held on 20 Oct 2008, the following proposals were examined and approved:

1. statement on the production, operation and management of the 3Q 2008
2. final accounting report for the 3Q 2008
As of 30 Sept 2008, the company's consolidated asset value was RMB 6,002,029,100, consolidated liabilities totaled RMB 4,096,947,400 and shareholders' equity was RMB 1,736,096,200. For the first nine months of 2008, the net profit was RMB 28,007,200 and EPS was RMB 0.046.
3. 3Q 2008 Report (Chinese and English)
4. 2009 overhaul plan

In 2009, costs for overhauling and upgrading the Nanshan Thermal Power Plant will be RMB 49,290,000 and RMB 16,740,000, respectfully. Fees for the Dongguan Division of the company will be RMB 1,170,000 and RMB 2,050,000. Additionally, the project on optimizing the power utilization system in Nanshan Thermal Power Plant will require RMB 5 mln.

5. to spend up to RMB 45 mln on upgrading the #1 and #7 waste heat boilers at the Nanshan Thermal Power Plant
6. replace members on the Strategy and Investment Management Committee of the Board of Directors

Board of Directors
22 Oct 2008


Source: Securities Times

Date: 22 Oct 2008

CN01/FL/JL/NK/KM