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Slaughter and May advised China Power New Energy Development Company Limited and China Power Clean Energy Development Company Limited In Reorganisation Proposal

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Slaughter and May advised China Power New Energy Development Company Limited (CPNE) and China Power Clean Energy Development Company Limited (CPCE) in relation to their reorganisation proposal, pursuant to which the holding company of the listed group (the Group) was changed from Bermuda-incorporated CPNE to Hong Kong-incorporated CPCE by way of a scheme of arrangement under section 99 of the Companies Act 1981 of Bermuda (as amended) (the Scheme).

The Scheme became effective on 17 July 2017. The listing status of CPNE on the Hong Kong Stock Exchange was withdrawn at 9:00 a.m. on 18 July 2017 and CPCE became listed on the Hong Kong Stock Exchange at the same time.

The Group is principally engaged in the development, construction, ownership and management of clean energy power plants in the PRC, including but not limited to wind power generation, hydro power generation, natural gas power generation, photovoltaic power generation, waste-to-energy power generation and other clean energy power generation projects.

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