粤电力A第四届监事会第十四次会议决议公告（英文版）

Stock abbreviation: Yue Dian Li A， Yue Dian Li B Stock code: 000539， 200539Announcement index: 2005-06

ANNOUNCEMENT ON THE RESOLUTION OF THE FOURTEENTH MEETING

OF THE FOURTH SUPERVISORY COMMITTEE OF

GUANGDONG ELECTRIC POWER DEVELOPMENT CO.， LTD.

The supervisories of the Company assures that veracity， accuracy and completenessof the information disclosed and there is no untrue presentations， nor serious lymisleading statements ， nor omission of material facts contained in the informationhereinto.The reader is advised that this announcement has been prepared originally in Chinese.In the event of a conflict between this announcement and the original Chinese version or

difference in interpretation between the versions of the announcement ， the Chineselanguage announcement shall prevail.

On 25 March 2005， the Fourteenth Meeting of the Fourth Supervisory Committee

was held in Zhu Hai. 6 supervisors should attend the meeting， including 2independent supervisors; and 5 supervisors attended the meeting， including 2independent supervisors. Supervisory Xu Runxiong cannot attend and has consigned

Mr Yang Xuanxing to attend and vote. The convening of the meeting and the procedures

and process of the meeting were in compliance with relevant laws and regulations and the

Article of Associations of the Company.The meeting passed the following relolutions:

(1) Reviewed and approved the 2004 Report of the General Manager;

(2) Reviewed and approved the 2004 Financial Statements;

(3) Reviewed and approved the 2004 Proposal of Profit Appropriation and Dividend;

(4) Reviewed and approved the 2004 Report of the Supervisory Committee;

(5) Reviewed and approved the Annual Report of 2004 and the Extracts of Annual Report

of 2004.

(6)Reviewed and approved the Proposal on Amendments to Article of Associations of the

Company.

(7) Reviewed and approved the Proposal on dealing with Assets losses of prior years.

The Supervisory Committee is of the opinion that:

As the result of the assets tabulation and verification performed by Company and its

subsidiaries， and according to the related accounting standard and requirement made byState-owned Asset Supervision and Administration Commission ，the company accountedfor the impairment charges for 2003 and also made necessary adjustment to related

accounts， the Company will also write off relevant assets losses in 2004 . all the abovementioned adjustments are in line with the relevant laws and regulations， the accountingmethods adopted are reasonable， there is no embroidery made to the profit and thefinancial statements by making the mentioned adjustment， and there is no significantnegative impact to the financial position and result of its operation .

(8) Reviewed and approved the Proposal on writing off the account receivables of Bao

Hua Real Estate Co.，Ltd

(9) Review and approve the Proposal on Related Party Transaction between the

Company and its holding subsidiaries.

The Supervisory Committee is of opinion that， In the voting of the related partytransaction， all related party directors obviated voting and When such directorswithdrew， the voting could not be taken due to insufficient quorum. Therefore， alldirectors agreed to submit the proposal to the Annual General Shareholders’

meeting of 2004 for review.. there is no such situation was noted that the

supervisors acted against appropriate integrity when approving the proposal for

the above-mentioned proposal and the relevant information disclosure.

(10) Reviewed and approved the Proposal on the Recommendation for the Fifth Supervisory

Committee.

Agreed to the “Proposal on the Recommendation of supervisors Mr.Tian Yanjun and MsZhang hongmei as the candidate of supervisors for the Fifth Supervisory Committee.The Proposal will be submitted to the 2004 General Shareholders Meeting for approval.

(11) Reviewed and approved the Proposal on the Recommendation of independent

supervisors for the Fifth Supervisory Committee.

Agreed to the “Proposal on the Recommendation of Mr.Yang Songcai and Mr LiangRuyu as the candidate of independent supervisors for the Fifth Supervisory Committee.The Proposal will be submitted to the 2004 General Shareholders Meeting for approval.

All the above resolutions have been approved and passed by the 5 supervisors

who attended the meeting.Supervisory Committee of

Guangdong Electric Power Development Co.， Ltd.

29 March 2004

Attachment ，the candidates’ resume for the Fifth Supervisory Committee.

Tian Yanjun， male， was born in April 1955. He is from Shan Xi Xiyang， and holds themaster degree. He began to work at 1970， he has took the position as the Vice-section

chief， deputy director general，director general of management department of Guangdong Power Industry Bureau， he also took the position as Vice-Secretary of the CommunistParty of Guang dong Power Group Ltd. He is currently working as one of the directors ，Vice-Secretary of the Communist Party， General Secretary of the Regulation Committee and the

Chairman of the Labour Union of of Guangdong Yudean.

Zhang Hongmei， female， was born in November 1969. She is from Jiang Su Huaiyin andshe is a bachelor degree holder， economist. She began to work at 1993， she has took theposition of general clerk ， Vice-section chief of international business department of

China Construction bank –Guang zhou branch. She also served as the in charge

manager of the integrative management department， senior in charge manager offinancial planning department and entity management department of Executor of China

Cinda Asset Management Co.， Guangzhou representative office.

Yang Songcai ，male， was born in March 1962，he is from Hunan Shaoyang ，he is aprofessor and mentor for the postgraduates ，he is also a PHD holder .he has took theposition as a teacher in Hunan Dong Kou No.1 high school and he was the in charge

person regarding to the law issues for Hunan General office of Material Supply and

Hunan Metallic Material Co. besides that he also has served as lawyer ，partner of theHunan Tian Diren lae firm and he was the lecturer of Law department of Hunan

Financial and Economics college and Associate professor of Law school of Hunan

University. He is currently taking the position as Vice-director， Senior researcher ofHuman Rights Research Centre of Guang zhou University ， Associate professor ofthe Law school of Guang zhou University.Liang Ruyu， male， was born in May 1967， he is from Guang dong Bai dia and he isbachelor degree holder ， he has worked in Guang dong Midea Group Co.， Ltd and he hasalso took the position as General Manager of Hua Yu Commercial Co.， Ltd in City of Shun

De. He is currently taking the position as General Manager of Shun de Operating department

of Guang dong Xing Ye Securities. He is also one of the independent supervisors of Guang

dong Electic Power Development Co.，Ltd.