Stock code: 600795 Stock abbreviation: GDPD
Bond code: 122151 Bond abbreviation: 12 GD 01
Bond code: 122152 Bond abbreviation: 12 GD 02
Bond code: 122165 Bond abbreviation: 12 GD 03
Bond code: 122166 Bond abbreviation: 12 GD 04
Bond code: 122324 Bond abbreviation: 14 GD 01
No.: L. 2015-19
GD Power Development Co., Ltd.
Announcement on the Follow-up of
Guodian Younglight Energy Chemical
Group Co., Ltd. Providing External
Counter Guarantee
The Board of Directors and all directors of the Board of our company hereby guarantee that
all contents in the Announcement shall include no falsified description, misleading statement of
major omission and shall assume the joint and several liabilities for the authenticity, accuracy and
completeness of the contents.
Whereas, it is hereby notified that:
Proposal on Providing External Counter Guarantee by Guodian Younglight Energy Chemical
Group Co., Ltd. was approved on 18th Conference of the Seventh Board of Directors convened on
August 21, 2014 and 2014 3rd Extraordinary Shareholders’ Meeting convened on September 10,
2014, Guodian Younglight Energy Chemical Group Co., Ltd. (hereinafter referred to as the
“Younglight Group”), controlled subsidiary of the Company, plans to provide counter guarantee
for main guarantee of Sinopec Great Wall Energy and Chemical Co., Ltd. (hereinafter referred to
as the “Great Wall Energy and Chemical Company”) using all held stocks of Sinopec Great Wall
Energy and Chemical (Ningxia) Co., Ltd. (hereinafter referred to as the “Ningxia Energy and
Chemical Company”). See Announcement of GD Power Development Co., Ltd. on the Guodian
Younglight Energy Chemical Group Co., Ltd. to Provide External Counter Guarantee
(Announcement No.: L. 2014-57) published on August 23, 2014 on Shanghai Securities News,
China Securities Journal and website of Shanghai Securities Exchange for details. The follow-up
of the issue is as follow:
On March 2015, Younglight Group received a letter from Great Wall Energy and Chemical
Company which indicated that Ningxia Energy and Chemical Company plans to repay loan of
China Development Bank in 2015 and does not need counter guarantee provided by Younglight
Group for main guarantee of Great Wall Energy and Chemical Company. Meanwhile, as required
by Great Wall Energy and Chemical Company, in order to ensure integration of power and
responsibility of both party during Ningxia Energy and Chemical Company repays the loan,
Yonglight Group pledges all held stocks of Ningxia Energy and Chemical Company to Great Wall
Energy and Chemical Company, term of pledge shall subject to the term of loan repayment, as
loan contract renews, term of pledge shall be prolonged synchronously.
GD Power Development Co., Ltd.
March 31, 2015