Speech by General Manager
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GD Power Development Co., Ltd.is a listed company controlled by CHN Energy. In recent years, the company thoroughly implemented the spirits of 18th and 19th National Congress of the CPC, kept pace with to a high degree with the idea of the Central Party Committee with comrade Xi Jinping at its core, positively practiced the energy strategic thought of “four revolutions, one cooperation”, gave priority to quality and benefit, deepened transformation and upgrading and maintained the sound momentum of sustainable and healthy development. By the end of 2017, the company has 19.65 billion shares of total capital stock, 46.09% of which is held by CHN Energy. Its total asset reaches RMB 274.13 billion and its net asset has RMB 72.659 billion. The company has an installed capacity of 52.2249 million KW, of which the installed capacity of new energy and clean renewable energy account for 37.54%.

The stock of the company went well and was selected in the SSE 50 index, SSE 180 index and Shanghai and Shenzhen 300 index. The company became a member of the list of first batch of most reliable companies in Forbes, kept the position of blue chip of A stock in China, successively got the title of Top 100 Listed Companies in China, Jinniu Award of Top 100 Listed Companies, Information Disclosure Award of Listed Company, Nomination Award of Board of Directors of Listed Company, Case Award of Typical Acquisition and Reorganization, Annual Award of Board of Directors of SSE, Golden Award of Quanjing Investment Relationship and the most respected listed company among investors and other important awards in capital market, gained National May Day Labor Prize, National Civilized Unit, National Excellent Enterprise of Power Industry and AAA Credit Enterprise in Enterprise Credit Evaluation, Benchmarking Enterprise of China Power Informatization, Demonstration Unit for Advancing China Power’s Informatization and other honorary titles.

2018 marks the first year after CHN Energy was established and a critical year for GD Power and China Shenhua to establish a joint venture. Faced with new opportunities and new challenges, GD Power will fully implement the socialist ideology with Chinese characteristics in new era put forward by Xi Jinping and the spirit of the 19th National Congress of the CPC, aim at the goal of building the world-class listed company of all-around electric power with global competitiveness, continue to promote progress while maintaining stability, keep new development idea; keep its obedience to the leadership of and reinforce the construction of the Party, work efficiently for the security and environmental protection, improving quality and efficiency, industrial upgrading, smart enterprise construction and other important work; vigorously implement the “The ten projects” of intrinsic safety, green coal power, improving quality and efficiency, optimizing development, smart enterprise construction, building strong enterprise through cultivating talents, risk prevention and control, happiness and harmony and Party construction and anti-corruption according to the requirements of high-quality development, so as to promote the changes of quality, efficiency and driving force of the enterprise''s development, nurture new kinetic energy of development, create new competitive advantage and make unremitting efforts for building itself into a world-class listed company of all-around electric power with global competitiveness.

I express my sincere thanks to you for you concern and support for GD Power.

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