ASIA POWER CORPORATION LIMITED (“Asia Power”) is principally involved in the ownership, management and operation of power plants in China. It was incorporated in Singapore in March 1997 and later converted to a public company in October 1999.

HEILONGJIANG ASIAPOWER XINBAO HEATING & POWER CO LTD (“XINBAO”)
Xinbao was incorporated in Qiqihar City, Heilongjiang Province, China in May 1998 with a registered capital of RMB116 million. After a capital enlargement exercise in February 2002, total registered capital of Xinbao had gone up by RMB10 million to RMB126 million. Xinbao is now 51% owned by Asia Power Corporation Limited and 49% owned by Qiqihar Xinbao Heating & Power Co Ltd.

Xinbao operates a coal-fired combined heat-and-power plant in Qiqihar City, Heilongjiang Province. The plant has a total installed capacity of 225 MW, comprising 9 generating units at 25 MW each along with 8 coal fired boilers. Among these generating units, Xinbao directly owns unit 1-6 and 9, while unit 7 & 8 are under lease agreements.

ASIA POWER (NEIJIANG) HYDROELECTRICITY CO LTD (“NEIJIANG”)
Neijiang was incorporated in Neijiang City, Sichuan Province, China in February 1998 with a registered capital of US$5 million. The company was then a wholly-owned subsidiary of Asia Power. In September 2002, Asia Power disposed of 40% equity interest in Neijiang to Neijiang Xingyuan Electric Power Co Ltd (“Neijiang Xinyuan”). As a result, the company is now 60% owned by Asia Power and 40% owned by Neijiang Xinyuan.

Neijiang owns and operates a 13.5 MW hydropower station in Zizhong County, Neijiang City, Sichuan Province. The hydropower station was commissioned in January 1991, and it comprises 3 generating units with an installed capacity of 4.5 MW each. Neijiang has invested RMB15 million in exchange for a 35% stake in Sichuan Anning River Energy Development Co Ltd.

SICHUAN ANNING RIVER ENERGY DEVELOPMENT CO LTD (“ANNING RIVER”)
Anning River was incorporated in July 2002 with a registered capital of RMB50 million. The company is 35% owned by Neijiang and 30% owned by Asia Power (Chengdu) Investment Management Co Ltd, a wholly-owned subsidiary of Asia Power. Asia Power’s effective interest in Anning River is 51%

Anning River has undertaken to build hydropower stations along Anning River. The Sankeshu hydropower station operates at a total installed capacity of 52 MW (2 generating units at 26 MW each) and has commenced operation in January 2005.

CHANGZHOU SUYUAN ELECTRIC POWER CO LTD (“CHANGZHOU SUYUAN”)
Changzhou Suyuan (formerly known as Changzhou Changya Electric Power Co Ltd) was incorporated in Changzhou City, Jiangsu Province, China in March 1999 with a registered capital of RMB43.1 million. The company was then 48% owned by Asia Power and 52% owned by Changzhou Changxin Electric Power Co Ltd.

With effect from January 2001, the company had gone through a restructuring and capital enlargement exercise whereby total registered capital of Changzhou Suyuan went up to RMB99.4 million. The company is now 25% owned by Asia Power, 22% owned by Changzhou Changxin Electric Power Co Ltd, 18% owned by Jiangsu Electric Power Development Co 18% by Yangzhou Guangyuan Industrial Co Ltd, and 17% owned by China Huadian Group Co Ltd. Changzhou Suyuan ceased its operation as a result of China’s policy to improve the utilization efficiency of energy resources.

CHANGZHOU HUAYUAN ELECTRIC POWER CO LTD (“CHANGZHOU HUAYUAN”)
Changzhou Huayuan has a registered capital of RMB66 million. Asia Power owns a 25% interest in the company and remaining 75% are invested by Changzhou Changxin Electric Power (22%), Jiangsu Electric Power Development Co Ltd (18%), Yangzhou Suyuan Group Co Ltd (18%) and China Huadian Group Co Ltd (17%). The 59.6 MW peaking plant, located on the site adjacent to the existing Changzhou plant under Changzhou Suyuan in Changzhou City, Jiangsu Province, comprises a gas turbine generation set of 39.6 MW and a steam turbine set of 20 MW. Changzhou Huayuan ceased its operation as a result of China’s policy to improve the utilization efficiency of energy resources.

ASIA POWER (LEIBO) HYDROELECTRICITY CO LTD (“LEIBO”)
Leibo was incorporated in March 2006. The Group owns total effective equity interest of 53.44% in Leibo through its wholly owned subsidiary Asia Hydro Power Investment Pte Ltd. The principal activities of Leibo are mainly to develop and operate hydropower electricity generation plants with 40 MW installation capacities in Leibo County Sichuan province, PRC.

JAZ TECHNOLOGY DEVELOPMENT (SHENZHEN) CO LTD (“JAZ TECHNOLOGY”)
The Group acquired 60% of subsidiary JAZ Technology in June 2006, through Rich Bvild Investment Ltd. JAZ Technology has a registered capital of US$1.2 million. The principal activities of JAZ Technology are in the research, development and manufacture of power measurement systems and instruments.

FU DA XIN HOLDINGS LTD (“FUDAXIN”)
The Group acquired 20% shares in Fudaxin in June 2009. Fudaxin invests in hydropower plants, wind power resource, power supply related management and technology in Shanxi and Gangsu provinces through Xi’an Kaixin Energy Development Co Ltd (“Kaixin”). Kaixin’s investments includes two subsidiaries operating a 12.9 MW and a 28 MW hydropower stations in Gangsu Province, PRC.