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China Hydroelectric Corporation Reminds Warrant Holders of Warrant Expiration

China Hydroelectric Corporation Reminds Warrant Holders of Warrant Expiration

PR Newswire

BEIJING, Jan. 14, 2014

BEIJING, Jan. 14, 2014 /PRNewswire/-- China Hydroelectric Corporation (NYSE:
CHC, CHCWS) ("China Hydroelectric" or "the Company"), an owner, developer and
operator of small hydroelectric power projects in the People's Republic of
China, is reminding its holders of warrants to purchase the Company's ordinary
shares (the "Warrants") that the Warrants will expire at 5:00 p.m. (New York
City Time) on January 25, 2014 (the "Expiration Date").

Each Warrant is exercisable for three fully paid and non-assessable ordinary
shares of the Company, par value $0.001 per share ("Ordinary Shares"), at an
exercise price of $15.00 for three Ordinary Shares. The closing price of our
ADSs, each representing three Ordinary Shares, was $3.35 as quoted by the New
York Stock Exchange on January 13, 2014. The holder of Warrants may exercise
them by submitting the surrender to the Bank of New York Mellon, the
depositary for the Company's American Depositary Shares, or ADSs, and the
Company's warrant agent. Cashless exercise for the Warrants is not allowed. 

The Warrants may be exercised upon surrender of the warrant certificate on or
prior to the Expiration Date at the principal stock transfer office of Bank of
New York Mellon with the exercise form on the reverse side of the warrant
certificate completed and executed as indicated, accompanied by full payment
of the exercise price by certified or official bank check payable to the
Company, for the number of Warrants being exercised. Under the terms of the
exercise form, if the Warrant holder does not otherwise elect upon due
exercise of the Warrants, the Company will deliver the related Ordinary Shares
to the depositary who will issue the corresponding number of ADSs, which each
represents three Ordinary Shares, to the Warrant holder. However, if the
Warrant holder elects to receive Ordinary Shares these Ordinary Shares will be
delivered in bank entry form by the Company's registrar for Ordinary Shares.
No fractional shares will be issued upon exercise of the Warrants. If a
holder exercises Warrants and would be entitled to receive a fractional
interest of a share, the Company will round up the number of Ordinary Shares
to be issued to the Warrant holder to the nearest whole number of shares.

Because the Expiration Date of January 25, 2014 is not a trading day on the
New York Stock Exchange, the surrender submitted to the warrant agent by the
holders between January 25, 2014 to January 27, 2014 will be assumed as
submitted on time. The Warrants do not automatically exercise upon expiration.
Any Warrants not exercised on time will be void and worthless and the holder
thereof will not receive any shares of the Company for such unexercised
Warrants. A holder can obtain further information on exercising Warrants by
contacting his or her broker or the Bank of New York Mellon.

The NYSE has notified the Company that trading in the Warrants on the NYSE
will be suspended after the close of business January 17, 2014 to ensure all
trades in the Warrants settle in time to allow the purchasers of such Warrants
to exercise the Warrants on or before January 27, 2014.

The Company maintains a registration statement relating to the exercise of any
Warrants on file with the Securities and Exchange Commission (Reg. No.
333-163558). Neither the Company nor its Board of Directors makes any
recommendation regarding whether or not any Warrant holder should elect to
exercise their Warrants.

About China Hydroelectric Corporation

China Hydroelectric Corporation (NYSE: CHC, CHCWS) ("China Hydroelectric" or
"the Company") is an owner, developer and operator of small hydroelectric
power projects in the People's Republic of China. Through its geographically
diverse portfolio of operating assets, the Company generates and sells
electric power to local power grids. The Company's primary business is to
identify, evaluate, acquire, develop, construct and finance hydroelectric
power projects. The Company currently owns 25 hydropower stations in China
with total installed capacity of 517.8 MW, of which it acquired 21 stations
and constructed four. These hydroelectric power projects are located in four
provinces: Zhejiang, Fujian, Yunnan and Sichuan. Hydropower is an important
factor in meeting China's electric power needs, accounting for approximately
22% of total nation-wide capacity.

For further information about China Hydroelectric Corporation, please visit
the Company's website at: http://www.chinahydroelectric.com.

Cautionary Statement concerning Forward Looking Statements

This news release contains certain statements that are not descriptions of
historical facts, but are "forward-looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and as defined
in the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as "will",
"should", "expects", "anticipates", "future", "intends", "plans", "projects",
"predicts", "believes", "estimates", "forecasts", "may" and similar
statements. The Company may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and Exchange
Commission on forms 20-F and 6-K, in its annual report to shareholders, in
press releases and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that are not
historical facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking statements, by
their nature, involve risks, uncertainties and other factors that could cause
actual results to differ materially from those contained in any such
statements. Potential risks and uncertainties include, but are not limited to,
risks discussed in China Hydroelectric's filings with the U.S. Securities and
Exchange Commission at www.sec.gov. China Hydroelectric does not undertake any
obligation to update any forward-looking statement, except as required under
applicable law.

This release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration. Any public offering of securities to be
made in the United States will be made by means of a prospectus that may be
obtained from the issuer or selling security holder and that will contain
detailed information about the company and management, as well as financial
statements.

For further information, please contact:
China Hydroelectric Corporation
Scott Powell
Investor Relations and Corporate Communications
Phone (U.S.): +1 (646) 650-1351
Email: ir@china-hydro.com
ICR, LLC
Gary Dvorchak, CFA
Senior Vice President
Phone (U.S.): +1 (310) 954-1123
Phone (China): +86-10-6583-7500
Email: gary.dvorchak@icrinc.com

SOURCE China Hydroelectric Corporation

Website: http://www.chinahydroelectric.com.
 
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