On December 30, 2005, China Construction Bank (CCB) and Datang International Power Generation Co., Ltd. (DTP) signed the Bank-Enterprise Cooperation Agreement, marking a new level of bilateral business cooperation. CCB President Chang Zhenming and DTP General Manager Zhang Yi addressed the signing ceremony respectively.

The comprehensive cooperation between CCB and DTP will help both parties better serve China’s energy industry development and realize common development and win-win results.

It is said that CCB will make full use of its expertise and rich resources in the financial sector to provide DTP with greater financial support on the basis of existing bilateral cooperation in the sectors of deposit, credit, international and intermediary business with the goal of forging a mutually beneficial partnership and adding strength to their respective brand image and competitiveness.

Established on December 13, 1994, DTP was listed in Hong Kong and London respectively on March 21, 1997 and raised about RMB3.7 billion. It is the first Chinese mainland power company listing in Hong Kong as well as the first Chinese mainland company listing in London. At the end of 2004, the company had total assets of RMB49.475 billion and owner’s equity of RMB17.11. Its on-grid electricity totaled 52.45 billion kWh, up 35.7% over 2003; sales reached RMB13.584 billion, up 36.51% over 2003; annual net profit rose by 26.54% over 2003 to RMB2.293 billion and asset liabilities ration stood at 61.44%. Since its IPO in 1997 DTP has maintained fairly stable stock prices, sound operation, business performance and financial position, steady growth of assets and increase of financing capacity, enjoying fairly promising prospects. In November 2005, DTP was rated by Euromoney as the Best Chinese Public Utilities Company among the Best Management Companies, ranking the first among Chinese public utilities companies and the fifth among Asian counterparts. The company has been honored a number of international awards.

Over the years, CCB has developed unique advantages in providing commercial banking services and become the leader in such areas as basic construction loans, housing loans and bank card in the Chinese market. It enjoys a large customer base composed of government, enterprises and individual residents. By the end of June 2005, CCB has total assets of RMB4.2 trillion and loans of RMB2.37 trillion. It wins The Banker Award 2005 for China. On October 27, 2005, CCB was listed in Hong Kong and awarded the “Best Deal” “Best Equity Deal” and “Best IPO” by The Asset Triple A Asian Awards, making a breakthrough of state-owned commercial bank reform and a historical step towards the goal of developing into a leading global bank.