New City Development Group Limited — Capital/Financing Update 2012

Jan 11, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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CHINA EVERBRIGHT INTERNATIONAL LIMITED 中國光大國際有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code : 257)

ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors (the “ Board ”) of China Everbright International Limited (the “ Company ”) announces that China Everbright Environmental Energy Limited (the “ Borrower ”), a wholly-owned subsidiary of the Company, and Asian Development Bank (“ ADB ”) entered into a B loan amendment agreement on 11 January 2012 to, amongst others, amend and restate a facility agreement entered into between the Borrower and ADB on 3 September 2009 (as amended, supplemented and restated from time to time, the “ Facility Agreement ”). The Facility Agreement was made in respect of (a) a term loan facility of US$100 million (the “ ADB Direct Loan Facility ”) granted by ADB for a term of up to 3 September 2019, and (b) a term loan facility of US$100 million (the “ B Loan Facility ”, collectively with the ADB Direct Loan Facility, the “ Facilities ”) granted by ADB for a term of up to 11 January 2017, which may be extended for two years up to 11 January 2019.

Under the Facility Agreement, it will be an event of default if, subject to the mandatory prepayment provisions of the Facility Agreement, (a) the Company ceases to control the Borrower or (b) China Everbright Holdings Company Limited ceases to be the single largest shareholder of the Company holding at least 35% of the issued share capital of the Company. Upon the occurrence of any of the above events, the Facilities together with all accrued interest and any other amounts accrued under the Facilities may become immediately due and payable and/or payable on demand.

As at the date of this announcement, China Everbright Holdings Company Limited is interested in approximately 50.13% of the issued voting share capital of the Company.

By Order of the Board China Everbright International Limited Chen Xiaoping Chief Executive Officer

Hong Kong, 11 January 2012

As at the date of this announcement, the Board comprises: (i) 7 executive directors, namely Mr. Tang Shuangning, Mr. Zang Qiutao, Mr. Li Xueming, Mr. Chen Xiaoping, Mr. Wang Tianyi, Mr. Raymond Wong Kam Chung and Mr. Cai Shuguang; (ii) 1 non-executive director, Mr. Philip Fan Yan Hok; and (iii) 3 independent non-executive directors, namely Mr. Selwyn Mar, Mr. Aubrey Li Kwok Sing and Mr. Zhai Haitao.