Stock code: 600795 Stock abbreviation: GDPD No.: L. 2016-36

Bond code: 122151 Bond abbreviation: 12 GD 01

Bond code: 122152 Bond abbreviation: 12 GD 02

Bond code: 122166 Bond abbreviation: 12 GD 04

Bond code: 122324 Bond abbreviation: 14 GD 01

Bond code: 122493 Bond abbreviation: 14 GD 03

GD Power Development Co., Ltd. Announcement on 2016 Interest Payment of 2014 Corporate Bonds (First Tranche)

The board of directors and all directors of the Company make the pledge that there is not any misrepresentation, misleading statement or material omission in the content of this announcement and undertake joint and several liabilities on the authenticity, accuracy and completeness of the content.

Whereas, it is hereby notified that:

Hints about important contents:

l  Registration date of creditor's rights: September 14, 2016

l  Payment date of bond interest: September 19, 2016

For 2014 corporate bonds (First Tranche) of GD Power Development Co., Ltd. issued by GD Power Development Co., Ltd. on September 15, 2014 (hereinafter referred to as “the current bond”), the interests incurred from September 15, 2015 to September 14, 2016 (hereinafter referred to as “this year”) will pay since September 19, 2016. In accordance with the Prospectus for 2014 Corporate Bonds (First Tranche) of GD Power Development Co., Ltd., publish relevant matters as follows:

I. Basic conditions of the current bond

1. Name of Bond: 2014 Corporate Bond (First Tranche) of GD Power Development Co., Ltd.

2. Abbreviation and code of bond: 14 GD 01, 122324

3. Issuing Corporate: GD Power Development Co., Ltd.

4. Issuing scale and period: CNY1.5 Billion, three years.

5. Authority approving bonds issuance and document number: subject to regulatory approval of CSRC [2014] No. 852 document.

6. Form of bond: real-name book-entry corporate bonds.

7. Interest rate: coupon rate of the current bond is 5.10% and fixed in the duration.

8. Interest bearing period: from September 15, 2014 to September 14, 2017

9. Interest payment date: every September 15 from 2015 to 2017 (If such day falls on legal holiday or rest day, it may be postponed to the following 1st workday).

10. Credit rating: The Company has evaluated by Dagong Global Credit Rating Co., Ltd. comprehensively that credit ratings of company and the current bond are both AAA.

11. Listing time and place: the current bond is listed for trading at Shanghai Stock Exchange on October 20, 2014.

12. Registration, trusteeship, entrustment of bond interest distribution and repayment agency: Shanghai Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as the “CSDC Shanghai Branch”).

II. Interest payment of the current bond

1.  Interest bearing period: from September 15, 2015 to September 14, 2016, overdue parts without interest.

2.  Interest rate: coupon rate of the current bond is 5.10%

3.  Creditor’s right registration date: Creditor’s right registration date of the current bond is September 14, 2016. As of the market closure in the afternoon on the said bond registration date, the investors of the bonds of this term are entitled to the interests of this year for the balance of the bonds recorded in their escrow accounts.

4.  Date of interest payment: September 19, 2015

III. Interest payment method

1. With respect to an investor who subscribed the current bonds via Shanghai Stock Exchange and held the same till the registration date, the payment of the interests is allocated to the payment provision account of the securities company that the investor has his/her account with via the clearing system of the Shanghai Branch of China Securities Depository and Clearing Company Limited and then paid to the investor’s account with the securities company by the latter.

2. An investor, who subscribed the current bonds from the issuing market and held the same till the registration date, shall handle procedures for the payment of the interests at the original business office where the bonds were subscribed. The detailed steps are as follows:

A. If the investor has an account with the securities company where the bonds were subscribed, please refer to the above clause 1 for the flows of the interest payment.

B. If the investor does not have an account with the securities company where the bonds were subscribed, please follow the following steps:

(1) An individual investor of current bonds shall show his/her personal ID card and follow the requirements of the original business office where the bonds were subscribed when collecting the interests.

(2) An institutional investor of current bonds shall show the personal ID card of its agent and submit the original “Power of Attorney” of the institution (affixed with the seal of which a sample was reserved upon the subscription), the photocopies of legal entity license (affixed with the common seal of the institutional investor), tax registration certificate (local tax, affixed with the common seal of the institutional investor) and the personal ID card of its agent when collecting the interests.

(3) Please consult with the secondary trustee according to the name of the secondary trustee or the common seal affixed on the trusteeship certificate if the original business office of subscription is moved, renamed, merged or of other alteration situations.

IV. Descriptions on the collection of income tax of bond interests

(I) Descriptions on the collection of income tax of corporate bond interests by individual

According to Individual Income Tax Law of the People's Republic of China, Regulations on Management of Corporate Bond and other relevant documents, individual investors of the current bond shall pay individual income tax for corporate bond interest.

In accordance with Circular of the State Administration of Taxation on Strengthening the Work Relating to Withhold and remit tax of the Individual Income Tax from Interests of Enterprises Bond (G. S. H. [2003] No. 612), the interest payment branches will be responsible for withholding individual income tax of bond interests of this period when paying interests to individuals and the tax shall be immediate pay to local coffer. Where interest payment branches fail to perform the obligations of withhold individual income tax of the said bond interests, legal responsibilities resulting shall be borne by interest payment branches.

Instructions about collection and payment of individual income tax of bond interests of this period are described in the following:

1. Tax payer: individual investor of the current bond;

2. Object of taxation: interest income of the current bond;

3. Tax rate: 20% of interest amounts;

4. Collection link: individual income tax will be deducted by interest payment branches in full when individual investors receive interests at interest payment branches;

5. Obligor of withhold and remit tax: interest payment branches responsible for interest payment of the current bond.

6. The sex tax authority: local tax department.

(II) Descriptions on the collection of income tax of bond interests by non-resident enterprise

In accordance with Enterprise Income Tax Law of the People’s Republic of China 2008 and its implementation rules,Interim Measures for the Administration of Source-based Withholding of Enterprise Income Tax on Non-resident Enterprises 2009 (G. S. F. [2009] No. 3), Notice on Issues of Withholding and Remitting Enterprise Income Tax When Chinese Resident Enterprise Paying Dividend, Bonus and Interest to QFII (G. S. H. [2009] No. 47) and other relevant documents, 10% of enterprise income tax shall be paid by non-resident enterprises which holding “12 GD01”, such as qualified foreign institutional investor (QFII), for interests of the current bond. Shanghai Branch of China Securities Depository and Clearing Corporation Limited will, based on tax rate of 10%, withhold the said enterprise income tax of related non-resident enterprises, distribute after-tax interests of bonds to non-resident enterprises and then return tax amounts to the issuer of bond. The issuer of bond will pay such amounts to local tax department.

V. Related institutions of interest payment of the current bond

1.  Issuer: GD Power Development Co., Ltd.

Office Address: Building 19, Anyuan, Anhuibeili, Chaoyang District, Beijing

Legal Representative: Chen Feihu

Contacts: Feng Lu

Tel.: 010-58685117

Fax: 010-64829902

2.  Sponsor and joint lead underwriter: Huatai United Securities Co., Ltd.

Registered Address: 01A, 02, 03, 04; 17A; 18A; 24A; 25A; 26A, F38-F45, HK CTS Building, Central Plaza, Futian District, Shenzhen

Legal Representative: Wu Xiaodong

Contacts: Liang Shu

Tel.: 010-56839300

Fax: 010-56839500

P.C.: 10032

3.  Joint lead underwriter: CITIC Securities Co., Ltd.

Address: North Building, Zhuoyue Shidai Plaza (Phases II), No. 8 of Zhongxin San Road, Futian District, Shenzhen

Legal Representative: Zhang Youjun

Tel.: 010-60838888

Fax: 010-60833504

4.  Trustee: Shanghai Branch of China Securities Depository and Clearing Corporation Limited

Address: China Insurance Building, No. 166, Lujiazui East Road, Shanghai

Contacts: Xu Ying

Tel.: 021-68870114

P.C.: 200120

GD Power Development Co., Ltd.

September 8, 2016