Xizang Zhihui Mining Co., Ltd. — Proxy Solicitation & Information Statement 2000

Sep 8, 2000

(a joint stock limited company incorporated in the Peoples's Repulic of China)

Supplemented Announcement for Holding

Temporary Share Holders Meeting

This Announcement is hereby issued as supplement for the "Notice For Holding Temporary Share Holders Meeting" issued by Harbin Power Equipment Company Limited ("the company") on August 14, 2000. In accordance with the Article of Association of The Company: "Directors of board shall be elected from the directors of board of last term and candidates nominated by share holders holding more than 5% of shares issued". The Supervisory Committee is to be constituted with 5 supervisors, in which 2 supervisors are elected from working staff by way of democratic election and other 3 supervisors are representing share-holders who shall be elected from the Share-holders Meeting. The term of directors and supervisors are 3 years, they can be elected in consecutive.

Whereas terms of current Board and Supervision Committee will be expired on September 29, 2000, the Board of the company has held a meeting on August 12, 2000 and issued "Notice For Temporary Share-holders Meeting" proposing to hold Temporary Share-holders Meeting on September 28, 2000 to elect directors of Board and supervisors from the share holders in the Supervisory Committee of the third term and decide on their remuneration.

Under nomination of Harbin Power Equipment Company Limited as the investment holding company, the directors of Board of the second term including Mr. Geng Lei, Mr. Zhao Ke-fei, Mr Yuan Qi-hong, Mr. Shang Zhong-fu, Mr. Wang Shi-ying, Mr. Li Gen-shen, Mr. Liang Wei-yan, Mr. Du Xing-you are continued to be nominated as candidate for directors of Board, Mr. Gong Jing-kun, Mr. Duan Hong-yi, Mr. Wu Wei-zhang, Mr. Zhou Dao-jiong, Mr Liu Ji-peng and Mrs. Ding Xue-mei as the new candidate for the Board; Mr. Lang En-qi, who is the supervisor for the second term Supervisory. Committee, is continued to be nominated as candidate for supervisor representing share-holders in the Supervisory Committee of the third term. Mr. Li Zhen-hua and Mr. Li Zhe-tong are nominated as the candidate for supervisors representing share holders in the Supervisory Committee of the third term. Furthermore, Mrs. Lu Xiu-ying and Mrs. Lu Chun-lian are elected as supervisors representing working staff in the Supervisory Committee of the third term by democratic election of working staff of the company.

Name list of candidates for the director of Board and supervisors representing share-holders and working staff in the Supervisory Committee of the third term and their resumes are as follows:

Name List And resumes of Candidate For Directors Of Board

Name List and Resumes of Executive Director of Board

Mr. Geng Lei, 53, senior economist and with a master degree, secretary of the Communist Party Committee and Chairman of the Company and HPEGC. Mr. Geng Lei joined HPEGC in 1968 and has been office director and secretary of the Communist Party Committee of the former Boiler Works. He began to act as the executive director of the Company, Chairman and general manager of the Boiler Company of the Group and deputy general manager of the Company in October 1994. He has been the secretary of the Communist Party Committee and vice chairman of HPEGC since August 1997 and in October 1997, he was appointed as vice chairman of the Company. He began to act as chairman of HPEGC in November 1999 and in January 2000, he was appointed as Chairman of the Board.

Mr. Gong Jing-Kun, 42, senior economist and with a master degree, now is vice chairman of HPEGC and general manager. Mr. Gong graduated from Shengyang Institute of Machinery and Electronics in 1982 and joined HPEGC at the same year. Later on, he studied in Shanghai Fu Dan University majoring economic management and was conferred master degree. Mr. Gong has been vice manager of production department, manager of hydropower workshop in former Harbin Electric Machinery Works and general manager assistant and vice general manager of Electric Machinery Company of HPEGC. Mr. Gong was appointed as chairman of Archeng Relay Company Group and Archeng Relay Company Limited.

Mr. Zhao Ke-fei, 44, senior economist, master degree, general manager and vice chairman of the Company, vice chairman of HPEGC. Mr. Zhao graduated from Northerneast Heavy Machinery Institute in 1982 and began his master course in the Management College of Harbin Institute of technology in 1987. He joined HPEGC in 1982. He has been an engineer, vice chief of Organization Department and vice director of turbine - generator workshop of the former Electrical Machinery Works. He began to act as head of Organization Department of HPEGC in 1992 and vice secretary of the Communist Party Committee, managing deputy general manager of the Electrical Machinery Company in 1994 and in December 1995, respectively. He was appointed as director of HPEGC and general manager of the Company in August and October 1997 respectively. In November 1999, he was appointed as vice chairman of HPEGC and in January 2000, he was appointed as vice chairman of HPEC.

Mr. Duan Hong-yi, 37, senior economist and with a bachelor degree and vice general manager of HPEGC. Mr. Duan graduated from Harbin Electrical Machinery College majoring in mechanics in 1982 and joined in HPEGC at the same year. Mr. Duan has been a comprehensive planner and vice manager of planning department of former Boiler Works of HPEGC. He joined in the transformation of HPEGC as share-holding company and listing of the company's share in 1994. He has been vice manager and manager of financing department, vice chief accountants of HPEGC and supervisor, vice general manager of turbine company of HPEGC and vice chairman of Power Scientific Trade Company of HPEGC since 1995. He was appointed as vice general manager of HPEGC in August, 2000.

Mr. Yuan Qi-hong, 52, senior engineer, executive director of HPEGC, chairman and general manager of the Boiler Company of the Group. Mr. Yuan graduated from Harbin Institute of Technology in 1982 majoring in thermal energy engineering and joined HPEGC in the same year. Mr. Yuan acted as manager, chief production controller and deputy general manager of former Boiler Works. Since October 1994, he has been the Company's executive director, deputy general manager and Company Secretary. In November 1999, Mr. Yuan was appointed as chairman and general manager of the Boiler Company of the Group. He was appointed by Harbin Expert & Consultant Committee as a member, by Management College of Harbin Institute of Technology as a concurrent professor, by Applied Economies Research Center Of Heilongjiang University as a researcher.

Mr. Shang Zhong-fu, 39, senior engineer, executive director of HPEGC, chairman and general manager of the Turbine Company of the Group. Mr. Shang graduated from Harbin Institute of Technology majoring turbine. And joined HPEGC in the same year. He was assistant head of section, deputy head of the Turbine Research Institute, vice chief economist and vice chief engineer of the Turbine Company of the Group. In October 1998, he was appointed as deputy general manager of the Turbine Company of the Group and in November 1999, chairman and general manager of the Turbine Company, Mr. Shang is currently studying his MBA degree at the Management College of Harbin Institute of Technology.

Mr. Wang Shi-ying, 56, senior engineer, executive director of HPEC, chairman and secretary of the Communist Party of the Engineering Company of the Group. Mr. Wang graduated from Harbin Institute of Technology majoring in turbine 1967 and joined HPEGC in 1968. He was assistant secretary of the Youth League, vice director of workshop, deputy manager of the factory and secretary of the Communist Party of former Turbine Works of HPEGC. In 1998, he was assigned as deputy general manager of Harbin Power Plant Equipment Company (the predecessor of HPEGC). In October 1994, he was appointed as vice chairman and deputy general manager of the Engineering Company of the Group and in November 1999, chairman and secretary of the Communist Party of the Engineering Company.

Mr. Wu Wei-zhang, 38, senior engineer, with master degree and vice general manager of the Group. Mr. Wu graduated from Qinghua University majoring hydropower and was conferred master degree in 1988 and joined in HPEGC in the same year. Mr. Wu was deputy director of turbine department and deputy head of Electrical Machinery Institute, deputy manager of hydropower factory, deputy chief engineer and vice manager of product design department of Electrical Machinery Company of the Group. Mr. Wu has been the deputy general manager of Electrical Machinery Company since 1999.

Name List And Resumes of Candidate for

Non-executive Directors of Board

Dr. Li Gen-shen, 70, senior engineer, non-executive director of HPEC. Dr. Li graduated from the Jiaotong University of Shanghai in 1951 majoring in mechanical engineering. Between 1952 ad 1956, Dr. Li was engaged in the research of acrothermodynamics of turbomachinery in the Moscow Institute of Power Technology in the former Soviet Union, and was awarded a doctorate degree. In the same year, Dr. Li joined HPEGC as assistant chief designer of the former Turbine Works. In 1962, he was transferred to the Research Center No.3 Of the Research Institute No.7 oF the State Defense Department and acted as deputy director, director and chief engineer. Since 1985, Dr. Li has been the deputy secretary of Heilongjiang Provincial Party Committee, first secretray of Harbin Municipal Party Committee, a member of Party Central Committee, and deputy head of Heilongjiang Provincial People's Congress. During this period, he was also a advisor to HPEGC. He began to act as chairman of HPEGC in March 1994 and chairman of the Company and HPEGC in October 1994.

Mr. Liang Wei-yan, 71, an academic of the Chinese Academy Of Engineering, senior engineer, non-executive director of HPEC. Mr Liang graduated from Tianjin Beiyang university in Electric Machinery majoring in 1951 and joined HPEGC in the same year. He was deputy workshop manager, vice chief technician, head of Technical Process Department, vice director and chief engineer of the former Electrical Machinery Works, In 1988, Mr. Liang acted as the Group's chief engineer, since 1992 he has been executive director and director of the Consultative Committee of HPEGC, council member of PRC Society of Electrical Engineering and the PRC society of Electrical Engineering Technology and vice director of the Three Gorges Project Equipment Office under the ministry of Machinery.

Name List And Resume for Candidate of Independent

Non-executive Directors Of Board

Mr. Zhou Dao-jiong, 67, a member of Finance And Economic Committee of People's Congress of China, chairman of Supervisory Committee of China Construction Bank, chairman of Tao Xing Zhi Fund of China, emeritus chairman of Investment Committee of China; advisor to Society of Finance China and Society of Market Economics Of China and professor in Beijing University, People' University of China, Central South Economics And Finance University and Northeast Economics And Finance University. Mr. Zhou joined in work in 1950 and has been the head of Finance Department of An Hui provincial government and secretary-general of provincial government, president of China Construction Bank and China Investment Bank, deputy executive directors of Security Committee of State Council, deputy president of State Development Bank, and Chairman of Security Supervisory & Management Committee of China. Mr. Zhou is now a deputy of National People's Congress.

Mr. Du Xing-you, 70, senior engineer, independent non-executive director of HPEC, secretary-general of China Society of Electrical Engineering, vice chairman of the PRC Society of Engineering Dynamics. Mr. Du graduated from Shanghai Tongji University in 1952 majoring in electrical machinery studies. He was the chief engineer of Xuzhou Jiawang Power Plant and chief engineer of Xuzhou Electricity Bureau. In 1978, Mr. Du was appointed as the director and chief engineer of Technology Division of the Ministry of Hydraulic Power. He was appointed as the director of Technology Division under the Ministry of Energy in 1988. In 1991, he began to act as the council member of the PRC Electricity Enterprises Association and secretary-general of the PRC Society of Electrical Engineering.

Mr. Liu Ji-peng, 44, master for economics, senior researcher and chairman of Beijing Standard Consultant Company, researcher for Research Institute of China Trusting & Investment Company, Research Center For Chinese Companies Listing in Stock Exchange for Overseas Edition of People's Daily and Finance & Security Research Center Of Beijing University, and professor of Beijing Economics and Trade University. Mr. Liu was conferred master degree for economices in 1986. Mr. Liu has been an assistance researcher in Industrial Economics Department of Social Science Institute of China, director and deputy researcher in Research Institute of China Trusting & Investment Company, senior advisor for Design Center of Security Research of China and Finance Company Council of China and a member of Expert Lawyer Group for Enterprises of Main Continent of China Listing in Hong Kong Stock Exchange. In 1993, Mr. Liu was appointed as chairman of Beijing Standard Consultant Company.

Mrs. Ding Xue-mei, 41, doctor degree and professor and deputy executive director of Graduate Student College of Harbin Institute Of Technology. Dr. Ding graduated from Harbin Institute of Technology in 1986 and was conferred master degree. In 1991, she studied in Lausanne Federal Institute of Industry in Swiss. She engaged in research work in this institute after she was conferred doctor degree in 1995. Dr. Ding has been appointed as assistant professor, professor, tutor for doctoral candidates in Harbin Institute of Technology, head of training department of Graduate Student College and deputy director of Graduate Student College. She was appointed as executive deputy director in 1998. Dr. Ding is now the executive chairman of Joint Conference for Directors of Graduate Student College Of China and vice chairman of Harbin Science & Technology Association.

Name List and Resumes for Candidates of Supervisors

Candidates For Supervisors Representing Share-holders

Mr. Lang En-qi, 54, senior engineer, with a master degree, director, assistant secretary of the Communist Party Committee and secretary of the disciplinary committee of HPEGC and chairman of the supervisory committee, assistant secretary of the Communist Party Committee and secretary of the disciplinary committee of the company. Mr. LANG joined in HPEGC in 1968. He has been workshop chief, head of Organization Department of the former Turbine Works, manager of Turbine Auxiliaries Company, vice director and assistant secretary of the Communist Party Committee of the Turbine Company. He was appointed as general manager of HTC Industrial Development Company the Group in 1994. In November 1999, he was appointed as director, assistant secretary of the Communist Party Committee, secretary of the disciplinary committee of HPEGC and assistant secretary of the Communist Party Committee and secretary of the disciplinary committee of the Company. In January 2000, he was appointed as chairman of the supervisory committee of the Company.

Mr. Li Zhe-tong, 53, graduated from secondary vocational schools, economist, and manager of development department of Boiler Company of HPEGC. Mr. Li graduated from Harbin Aviation Industry School majoring in plane engine in 1968 and joined in HPEGC at the same year. He has been a planner and deputy manager of planning department in the workshop of former Boiler Works of the group. He was appointed as the manager of auditing department of Boiler Company of the Group. He was appointed as Manager for enterprise development of Boiler Company in 2000.

Name List and Resumes for Independent Supervisors

(Representing share-holders)

Mr. Li Zhen-hua, 40, with bachelor degree and senior auditors and registered accountants, registered asset evaluator and chairman of Harbin Zhong Sheng Asset Evaluation Company Limited. Mr. Li jointed in work in 1977. He has been a office staff and deputy manager of Harbin Audit Bureau and director of Harbin Auditing Affair Institute. Mr. Li is the executive director of Registered Accountant Association of Heilongjing Province and a member of Society Of Auditor of China.

Name List and Resumes Of Supervisor

(Representing Working Staff)

Mrs. Lu Xiu-ying, 50, graduated from the vocational college, senior accountant and deputy chief accountant of Turbine Company Of the Group. Mrs. Lu joined in HPEGC in 1977. She has been accountant, deputy director, deputy manager and manager of finance department of former Turbine Works of the Group and chief accountant and deputy general manager of Turbine High Technology Company Ltd. which is a subsidiary of Turbine Company of the Group. She worked in Heilongjing Production and Construction League before she joined in HPEGC.

Mrs. Lu Chun-lian, 41, with a bachelor degree, senior engineer and deputy head of coil factory of Electrical Machinery Company of the group. Mrs. Lu graduated from Harbin Electronics College in 1982 and joined in the Group. She has been an engineer and deputy director of Insulation Material Department of Electrical Machinery Research Institute and director of technology department of coil factory of Electrical Machinery Company of the Group. She was appointed as deputy manager of coil factory of Electrical Machinery Company and elected as a deputy of People's Congress Of Heilongjing Province in 1997.

This Announcement will distributed to share holders registered along with the Proxy Form for Temporary Share-holders Meeting.

By Order Of the Board

Deng Xian-yuan

Joint Company Secretary

Harbin, China in September 8, 2000.

"Please also refer to the published version of this announcement in the Hong Kong i-mail"