What is the relationship between Shanghai Electric Power Co., Ltd. and China Electric Power Equipment Co., Ltd.

A wholly-owned subsidiary of the Company. Shanghai Electric Power Co., Ltd. was established on June 4, 1998, with its registered place at No.268 Zhongshan South Road, Huangpu District, Shanghai, and its legal representative is Hualin. Its business scope includes the development, construction, operation and management of electric power, and the organization of electric power and thermal power production and sales of self-produced products. Shanghai Electric Power Co., Ltd. and China Electric Power Complete Equipment Co., Ltd. are wholly-owned subsidiaries of the Company.