Stock code: 600795 Stock abbreviation: GDPD No.: L. 2016-29
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 thecondition of accumulative newly increased borrowings in 2015 and 2016 up to now
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:
Guodian Power Development Co., Ltd. (hereinafter referred to as “the Company”) discloses its newly increased accumulative borrowings (including bonds issued) in 2015 and 2016 up to now according to relevant rules of “Shanghai Stock Exchange Rules of Corporate Bonds Listing” (Revision 2015). The details are as follows:
1. Up to December 31, 2015, the Company newly increased borrowings of about CNY 69.796 billion, repaid due borrowings of CNY 73.263 billion and the net increased borrowings was CNY -3.467 billion. The newly increased borrowings were composed of bank loans of about CNY 33.357 billion, bonds issued of CNY 29.9 billion (including but not limited to inter-bank, stock exchange public placement and private placement, and etc.) and other borrowings of about CNY 6.539 billion (including but not limited to trust loans, finance lease, and etc.). The newly increased accumulative borrowings of the Company in 2015 exceeded 20% of the audited net assets at the end of 2014, which was mainly caused by bank loans, issuing Super & Short-term Commercial Paper, corporate bonds, private placement, and etc. and these were within the normal operation activity scope of the Company.
2. Up to June 20, 2016, the Company accumulatively increases borrowings of about CNY 53.24 billion in 2016, repays due borrowings of CNY 54.483 billion and the increased net borrowings are CNY -1.243 billion. The newly increased borrowings are composed of bank loans of about CNY 30.559 billion, bonds issued of CNY 19.505 billion (including but not limited to inter-bank, stock exchange public placement and private placement, and etc.) and other borrowings of about CNY 3.176 billion (including but not limited to trust loans, finance lease, and etc.). The newly increased accumulative borrowings of the Company in 2016 up to now exceeds 20% of the audited net assets at the end of 2015, which is mainly caused by bank loans, issuing Super & Short-term Commercial Paper, corporate bonds, private placement, and etc. and these are within the normal operation activity scope of the Company.
GD Power Development Co., Ltd
June 29, 2016