Stock abbreviation: Yue Dian Li A, Yue Dian Li B　　　Stock code: 000539, 200539
Announcement index: 2004-14

    　　　　　　　　ANNOUNCEMENT ON THE RESOLUTION OF THE TWELFTH
    　　　　　　　　MEETING OF THE FOURTH SUPERVISORY COMMITTEE OF
    　　　　　　　　 GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.

    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 Chinese language announcement shall prevail.　

    On July 16, 2004, the Twelfth Meeting of the Fourth Supervisory Committee (the
first meeting in 2004) was held in Guangzhou. The Chairman of the Committee, Mr.
Yang Xuan Xing presided the meeting. Six supervisors should attend the meeting,
including two independent supervisors; and five supervisors attended the meeting,
including one independent supervisor. The meeting passed the following resolutions:

    1. The convening of the meeting of the Board of Directors and the procedures
and process of the meeting of the Board of Directors are in compliance with
relevant laws and regulations and the Articles of Association of the Company;
    2. During the voting process for the "Proposal on the Incorporation of
Maoming Zhenneng Thermoelectric Co., Ltd" and "Proposal on the Rental of Office
in Yudean Square", directors from the related party obviated voting for above
related party transaction. When voting for "Proposal on the set up of Maoming
Zhenneng Thermoelectric Co. Ltd.", fourteen non-related party directors,
including five independent directors agreed and passed the proposal. When voting
for Proposal on the Rental of Office in Yudean Square", seven non-related party
directors, including five independent directors agreed and passed the proposal. No
such situation was noted that the directors acted against appropriate integrity
when approving the proposal above and the relevant information disclosure;
    3. Agreed with the Board of Directors' basic conclusion of the proposal above
and with the submission of "Proposal on the set up of Maoming Zhenneng
Thermo-electric Ltd. Company" to 2004 Second Extraordinary General Shareholders
Meeting.

    　　　　　　　　　　　　　　　　　　　　　　　　 Supervisory Committee of
    　　　　　　　　　　　　　　　　　Guangdong Electric Power Development Co., Ltd.
    　　　　　　　　　　　　　　　　　　　　　　　　　　　　July 17, 2004