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Address by Chairman

      15 fruitful years has gone by since the establishment of Shenzhen Energy Group in 1991. The past decades has seen the business idea of "Safety Foremost, Cost Leading, Benefit Basis" we insist in, the clear and scientific development strategy we follow, and the mission to meet the power demand of Shenzhen Special Economic Zone socio-economic growth we shoulder. Fostering its major business of power generation with concentrated resource while enhancing its comprehensive economic strength unceasingly, the group has made gratifying achievements in electricity production, business operation and infrastructure, keeping the source of power and brightness for the city ensured.
    
      The year 2006 starts the "11th Five-Year Plan" of the state. In view of economic growth in China, one can tell its national comprehensive strength built up day by day and its power market broadened for prospective development. With the deepening market reform of power industry, the relationship between supply and demand will gradually relax whereas rising coal and oil price has brought unprecedented challenge to electricity producers. Development is the hard truth and scientific development is the most urgency. We will follow the scientific development concept and utilize industrial, financial and human capital so as to maintain and promote effective growth in our business performance. We will optimize the operation of power production and endeavor to be an international leader in key technical index. We will keep grasp of the construction of major projects as well as the development of new ones, with an installed capacity of 10,000 MW by year 2010 and a synchronous growth in both scale and efficiency as our target. In a word, responsibility, strength, environment-friendliness and harmony composes our vision, while safe and quality power supply for public, substantial return for shareholders and self-realization space for the staff combines to be what we seek after.
      Soundly rooted in its long-term accumulation and thriving at its prime-time, a prosperous future for SEC is in our sight. Every step forward we take, we owe it to Shenzhen Municipal Party Committee and Government for their sustainment, to shareholders of SEC for their care, to our staff for their 15 years of carving-out, and to all circles of the society for their support all along.
      With all these motivators back it up, SEC is bound to reach new heights.