RNS Number:8787T
Zhejiang Southeast Elec Power Co Ld
06 January 2004

                Zhejiang Southeast Electric Power Company Limited


                          Announcement on Important Matters



Pursuant to the provisions of Rule 7.4.4 of the Share Listing Rules of Shanghai
Stock Exchange, we hereby announce an important matter of Zhejiang Southeast
Electric Power Company Limited ("the Company") as follows:


It is understood that China Southern Securities Company Limited ("CSSC") went
into administrative receivership of the relevant departments of the State.


The Company has invested RMB220,000,000 in an equity participation of
200,000,000 shares in CSSC, representing 5.78% of the shareholding of CSSC. The
book investment value of the Company in CSSC for 2002 amounted to
RMB220,000,000.


Except equity investment, the Company does not have any other business dealings
with CSSC.


After the administrative receivership of CSSC, it is now unable to assess the
extent of its potential impact on the Company for 2003.  We shall continue to
pay close attention to the situation regarding CSSC and shall make further
announcements depending on the progress of the situation.







                            Board of Directors
         Zhejiang Southeast Electric Power Company Limited
                            6 January 2004








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