China Hydroelectric Corporation Announces Shareholders' Approval of Merger Agreement

  China Hydroelectric Corporation Announces Shareholders' Approval of Merger
                                  Agreement

PR Newswire

BEIJING, July 3, 2014

BEIJING, July 3, 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, announced today that, at an extraordinary general meeting held today,
the Company's shareholders voted in favor of the proposal to authorize and
approve the previously announced agreement and plan of merger, dated as of
January 13, 2014 (the ''Merger Agreement''), among CPT Wyndham Holdings Ltd.
("Parent"), CPT Wyndham Sub Ltd. ("Merger Sub") and the Company, pursuant to
which Merger Sub will be merged with and into the Company with the Company
surviving as a wholly owned subsidiary of Parent (the "Merger"), and to
authorize and approve any and all transactions contemplated by the Merger
Agreement, including the Merger.

Approximately 81.8% of China Hydroelectric's total outstanding ordinary shares
entitled to vote at the extraordinary general meeting voted in person or by
proxy at today's extraordinary general meeting. Of those ordinary shares,
approximately 99.9% were voted in favor of the proposal to authorize and
approve the Merger Agreement and any and all transactions contemplated by the
Merger Agreement, including the Merger.

The parties currently expect to complete the Merger within the month, subject
to the satisfaction or waiver of the conditions set forth in the Merger
Agreement. Upon completion of the Merger, China Hydroelectric will become a
privately held company and its American depositary shares, each representing
three ordinary shares, will no longer be listed on the New York Stock
Exchange.

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 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 operating hydropower stations in China with total installed
capacity of 517.8 MW, of which it acquired 21 operating 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.

Cautionary Statement concerning Forward Looking Statements

This document may include certain statements that are not descriptions of
historical facts, but are forward-looking statements. Such statements include,
among others, those concerning expected benefits and costs of the proposed
Merger; management plans relating to the Merger; the expected timing of the
completion of the Merger; the parties' ability to complete the Merger
considering the various closing conditions, including any conditions related
to regulatory approvals, as well as all assumptions, expectations,
predictions, intentions or beliefs about future events. Forward-looking
statements can generally be identified by the use of forward-looking
terminology such as "will," "should," "may," "believes," "expects" or similar
expressions. All of such assumptions are inherently subject to uncertainties
and contingencies beyond the Company's control and based upon premises with
respect to future business decisions, which are subject to change. The Company
does not undertake any obligation to update any forward-looking statement,
except as required under applicable law.

For more information, please contact:

China Hydroelectric Corporation
Scott Powell                                 James Hull
Investor Relations and                       Finance Manager
CorporateCommunications
Phone (U.S.): +1 (646) 650-1351              Phone (China): +86-10-5963-6881
Email: ir@china-hydro.com                    Email: james.hull@china-hydro.com

SOURCE China Hydroelectric Corporation
 
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