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Brief Introduction to the Company

  Yudean Group is a young enterprise with a historic background of one century.
  The history of Yudean Group can be traced to 1880s. The first light was lit by the Government House of Guangdong and Guangxi provinces in Guangdong in 1888, and the first China National Bourgeoisie Capital Electric Light Company was established in Guangzhou by patriotic overseas Chinese in 1890. On 8th Aug., 2001, the government of Guangdong Province took the lead in carrying out power system reform in China and established Yudean Group based on the power generation business of the former Guangdong Electric Power Holding Company. The registered capital of the group is RMB 20 billion Yuan with 76% stock equity and 24% stock equity held by Guangdong Provincial Government and China Huaneng Group respectively and with over 14000 employees, being a power generation enterprise with the greatest strength and the largest scale in Guangdong Province.
  By the end of 2010, during the final examination period, the total appraisal assets of the group was RMB 116.6 billion Yuan, the installed capacity of the exclusively-invested and holding stock power plants reached up to 21186.7 MW, in which there were 12 power plants whose installed capacity was over 1000 MW class. Now Yudean Group possesses over 90 branches of exclusively-invested, holding stock and participation units with the holding stock of the listed company - Guangdong Electric Power Development Co., Ltd. (GED). The business of the group involves in multiple energy sources including thermal power, hydropower, wind power, nuclear power, LNG power, biomass power and solar energy and so on with the distribution covering eastern, western, northern Guangdong Province as well as pearl river delta region and being extending towards areas outside the province and towards foreign countries actively. The group has kept implementing diversified development strategies actively in recent years and has made breakthroughs in all fields including coal mine, shipping, natural gas, finance, equipment manufacturing, advancing the industry chain to extend to the upstream & downstream of the main business and realizing the effective improvement of the core value. The group achieved excellent grade during the examination of the provincial state-owned assets management responsibility system for nine consecutive years and was listed in the 153rd place among top 500 Chinese enterprises in 2010 and in the 6th place among the power generation enterprises.
  Apart from providing safe, economic and reliable electric power, Yudean Group also implements social responsibility actively and creates green energy attentively so as to realize sustainable development of the company. It carries out clean production in an all-round way during the whole process in each power plant to reduce the emission of the contamination constantly. Currently, the coal-fired units in service of Yudean Group are all equipped with desulfurization facilities, making Yudean Group to become the first power generation enterprise which accomplishes desulfurization operation in all power units in China and reducing the discharge of sulfur dioxide by 290,000 ton every year for Guangdong.
  By focusing on the development strategy of “creating a domestic first-class energy group with international competitiveness by concentrating on energy, developing harmoniously with relevant industries, basing in Guangdong Province, facing China and exploring the international market”, Yudean Group will follow the corporate philosophy of “harmony enables cooperation; integrity drives innovation” and the corporate mission of “cultivating virtues and enhancing capability to benefit the country and people” to strive for the realization of new great-leap-forward development.

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