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Zhejiang Southeast Electric Power Company Limited

 

Announcement on Resolutions of the Thirteenth Meeting of 

the Fourth Session of the Board of Supervisors 

The Thirteenth Meeting of the Fourth Session of the Supervisors Committee of Zhejiang Southeast Electric Power Company Limited (the 'Company') was convened on 19 March 2009 at Hangzhou Xihu State Guesthouse (the 'Meeting'). Seven supervisors should be present and six supervisors were present at the Meeting. Supervisor Chen Xi was absent from the Meeting due to other business arrangements, and appointed Supervisor Huang Lixin to attend the Meeting as proxy and vote on his behalf. The convening of the Meeting was in compliance with the stipulations of the Company Law and the articles of association of the Company and was therefore legal and effective. The Meeting was chaired by Mr. Huang Lixin, Chairman of the Board of Supervisor of the Company. The following proposals were discussed and adopted at the Meeting:

 

           1. Work Report of the Board of Supervisors for Year 2008;

The Board of Supervisors is of the view that the Company has been operating under laws, are in normal financial conditions, and its connected transactions and external undertakings are all compliant to regulations in 2008.  

Voting results: votes in favour of the resolution: 7 votes; votes against the resolution: 0 vote; votes abstained: 0 vote.

          

            2.  Proposal on the Amendments to the Articles of Association of the Company; 

Voting results: votes in favour of the resolution: 7 votes; votes against the resolution: 0 vote; votes abstained: 0 vote.

 

3. Financial Settlement Report for Financial Year 2008;

Voting results: votes in favour of the resolution: 7 votes; votes against the resolution: 0 vote; votes abstained: 0 vote

 

4. Profits Distribution Plan for Financial Year 2008;

Voting results: votes in favour of the resolution: 7 votes; votes against the resolution: 0 vote; votes abstained: 0 vote

 

5. 2008 Annual Report and Summary;

The preparation and discussion procedures of the 2008 annual report of the Company complied with the requirements of the relevant laws and regulations, Articles of Association and internal management system of the Company. The contents and form of the annual report complied with the requirements of the China Securities Regulatory Commission and the stock exchanges and the relevant information truly reflected the operation management and financial conditions of the Company for 2008 in various aspects. Before submitting this opinion, it was found that the persons participating in the preparation and discussion of the annual report had not breached the confidentiality provisions.

Voting results: votes in favour of the resolution: 7 votes; votes against the resolution: 0 vote; votes abstained: 0 vote

 

6. Proposal Regarding Regular Connected Transactions； 

 

(1)  it was agreed to renew the Financial Services Cooperation Agreement entered with Zhejiang Energy Group Finance Co. Ltd. 

Voting results: votes in favour of the resolution: 7 votes; votes against the  resolution: 0 vote; votes abstained: 0 vote.

 

(2) it was agreed that the Company will enter into Natural Gas Sales Agreement with Zhejiang Natural Gas Development Co., Ltd. 

Voting results: votes in favour of the resolution: 7 votes; votes against the  resolution: 0 vote; votes abstained: 0 vote.

 

(3) it was agreed that the Company will enter into Energy Service Cooperation Framework Agreement with Zhejiang Xingyuan Investment Co., Ltd. 

Voting results: votes in favour of the resolution: 7 votes; votes against the  resolution: 0 vote; votes abstained: 0 vote.

 

      7.  Financial Budgeting Report for Year 2009; 

Voting results: votes in favour of the resolution: 7 votes; votes against the  resolution: 0 vote; votes abstained: 0 vote.

 

     8. Proposal Regarding the Change of the Board of Supervisors 

The following candidates for the Fifth Session of the Board of Supervisors are nominated by the shareholders:  Huang Lixin, Hu Xing'er, Shi Jiwen, Tian Shuying; Supervisors who were also employee representatives are: Huang Huafen, Huang Guanlin and Jiang Pingzhou.   

 

 

                                                                                                Board of Supervisors

Zhejiang Southeast Electric Power Company Limited   

                                                                                                     21 March 2009

 

 

 

 

Profile of Supervisor Candidates and Employee Representative Supervisors:  

Huang Lixin, male, born in 1966, Senior Accountant. Mr. Huang held positions such as Chief Accountant at Huaneng Nantong Branch Company (Power Plant), Deputy Manager of Finance Department at Huaneng Power International, Inc., Deputy Manager of Finance Department and Section Chief of Infrastructure Constructions Finance Section.  Mr. Huang is presently Manager of Finance Department at Huaneng Power International, Inc.  

Hu Xing'er, born in 1957, Accountant. Hu held positions such as Director of Finance and Deputy Chief Accountant at Taizhou Power Plant. Hu is presently Deputy Director of Finance Department at Zhejiang Energy Group Co., Ltd.   

Shi Jiwen, male, born in 1966, Senior Engineer. Mr. Shi held positions such as Director Engineer at Planning & Finance Department at Zhejiang Beilun Electric Power Co., Ltd, Deputy Direct and Director of Desulfuration Project Department at Zhejiang Beilun Electric Power Co., Ltd, also Deputy Chief Economist at Zhejiang Beilun Electric Power Co., Ltd. Mr. Shi is presently Deputy Director of Finance Department at Zhejiang Energy Group Co., Ltd.  

Tian Shuying, female, born in 1963, Senior Accountant.  Ms. Tian held positions such as Deputy Section Chief of Finance Department and Deputy Section Chief of Capital Department, later Deputy Section Chief of Capital Section I, both at Huaneng Power International, Inc.  Ms. Tian is presently Section Chief of Capital Section I at Huaneng Power International, Inc.   

Huang Huafen, female, born in 1960, Senior Political Counsellor. Ms. Huang held positions such as Deputy Secretary-General of Disciplinary Supervision Committee, Director of Supervision Department and presently Head of Labour Union at Taizhou Power Plant.  

Huang Guanlin, male, born in 1958, Political Counsellor. Mr. Huang held positions such as Director of Operation Site, General Supervisor, Operations Supervisor, Assistant to General Manager of Xiaoshan Power Plant. Mr. Huang is presently the Head of the Labour Union at Xiaoshan Power Plant.      

Jiang Pingzhou, male, born in 1955, Senior Political Counsellor. Mr. Jiang held positions such as Head of the Labour Union at Huzhou Power Plant, Head of the Labour Union of Zhejiang Provincial Power Engineering Co. Mr. Jiang is presently Head of the Labour Union of Zhejiang Zheneng Changxing Power Generation Co., Ltd.  

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