Result of Meeting

RNS Number:0482N
Zhejiang Southeast Elec Power Co Ld
02 July 2003

               ZHEJIANG SOUTHEAST ELECTRIC POWER COMPANY LIMITED

              ANNOUNCEMENT ON RESOLUTIONS OF THE FIRST MEETING OF

                          THE THIRD BOARD OF DIRECTORS

The first meeting of the third board of directors of Zhejiang Southeast Electric
Power Company ("the Company") was convened at Dahua Hotel of Hangzhou on 30th
June 2003. 15 directors should be and 14 were present at the Meeting, director
Mr. Huan Guochang didn't attend the meeting because he was out on business.
Supervisors of the Company attended the Meeting. The Meeting was presided over
by Mr. Sun Yongsen. The Meeting complies with the stipulations of the Company
Law and the Articles of Association and relevant laws and regulations. The
following resolutions were adopted at the Meeting:

1.     Discussed and approved Proposal on Election of Chairman of the Company,
Mr. Song Yongsen was elected as chairman of the Company.

2.     Discussed and approved Proposal on Election of Vice Chairman of the
Company, Mr. Wang Xiaosong was elected as vice chairman of the Company.

3.     Discussed and approved Proposal on Members of Special Committees of the
Third Board of Directors, members of Special Committees of the Company are as
follows:

The Strategy Committee: Sun Yongsen (director), Wang Xiaosong, Qian Zhongwei,
Xie Guoxing, Wu Xianquan, Shou Desheng

The Auditing Committee: Huang Dongliang (director), Mao Fugeng, Hu Genfa, Xing
Junjie, Huan Guochang

The Salary and Examination Committee: Qian Zhongwei, Huang Dongliang, Wu
Xianquan, Mao Fugen, Liu Ranxing, Cao Lu, Li Hua, Li Jianguo.

4.     Discussed and approved Proposal on Appointment of General Manager of the
Company, it is agreed to appoint Mr. Shou Desheng as general manager of the
Company.

5.     Discussed and approved Proposal on Appointment of Deputy General Manager
and Chief Accountant of the Company, it is agreed to appoint Mr. Wu Yaozhong,
Mr. Chen Juemin and Mrs. Xia Hanjing as deputy general managers of the Company;
it is agreed to appoint Mr. Hu Senjian as chief accountant of the Company.

6.     Discussed and approved Proposal on Secretary to the Board of Directors of
the Company, it is agreed to appoint Mrs. Xia Hanjing as Secretary to the Board
of Directors of the Company.

7.     Discussed and approved Proposal on Participation in Investment of Tankeng
Hydroelectric Power Plant Project, it is agreed to invest 25% shares of Tankeng
Hydroelectric Power Plant Project by the own fund of the Company, please refer
to Announcement of Foreign Investment i.e. Connected Transaction for details.

8.     Discussed and approved Proposal to Convene the First Extraordinary
Shareholders' General Meeting for 2003. Please refer to the Notice to Convene
the Extraordinary Shareholders' General Meeting for 2003 for details.



Appendix: Curriculum vitae of senior management personnel who are not directors
or supervisors

Wu Yaozhong, male, born on 1948, is a university graduate, senior engineer. He
was the assistant to the director, deputy director and director of Zhejiang
Meixi Power Plant, the assistant director of the preparatory office, the
director of Zhejiang Jiaxing Power Plant and the General Manager of Jiaxing
Power Plant Limited Company, he currently holds the positions of the deputy
general manager and secretary of party committee of Zhejiang Southeast Electric
Power Company Limited.

Chen Juemin, male, born on 1952, is a college graduate, senior economist, he was
controller, vice head of department and vice chief economist of Zhejiang
Provincial Electric Power Dispatching Center, he currently holds the position of
deputy general manager of Zhejiang Southeast Electric Power Company Limited.

Xia Jinghan, female, born in 1969, is a postgraduate of economics, economist.
She has been personnel of Planning Comprehensive Office, deputy director
personnel of Zhejiang Provincial Planning & Economy Committee, director
personnel and deputy director (in charge of work).

Hu Senjian, male, born in 1955, is a college graduate, accountant. He has been
accountant of Zhejiang Provincial Electric Power Dispatching Center, director
and chief accountant of Production and Acounting Department of Finance Branch of
Zhejiang Provincial Electric Power Bureau; he currently holds the position of
chief accountant of Zhejiang Southeast Electric Power Company Limited.





                                             Board of Directors

               Zhejiang Southeast Electric Power Company Limited


                                               2nd July 2003



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