Zhaoheng Hydropower Holdings Ltd.

completed

The Project is to support the capital expenditure plan of Zhaoheng Hydropower Holdings Limited (“Zhaoheng”, or the “Company”), a local private-sector small-to-medium hydropower developer by contributing to its equity capital and providing long-term debt to finance several under-construction projects in the Company’s portfolio.Zhaoheng was incorporated as a Cayman Islands based entity which owns indirectly, through an intermediate vehicle Zhaoheng Hong Kong, 100% interest of Shengzhen Zhaoheng Hydropower Co., Ltd. (“Shenzhen Zhaoheng”), a Sino-foreign Investment Holding Company incorporated in the People’s Republic of China. Shenzhen Zhaoheng currently owns 36 small-to-medium sized hydropower assets in China with total capacity of around 683MW consisting of operational capacity of 558MW and under-construction capacity of 125MW. Over 90% of the Company’s projects are located in the southern frontier regions including Yunnan, Guizhou, Guangxi, Sichuan, Hunan and Hubei Province in China.The Company has grown through a) acquisitions of existing operational hydropower projects, or acquisition of distressed under-construction hydropower projects and completing such projects, b) development and construction of greenfield hydropower projects, and c) technical upgrade and optimization of existing hydropower projects