Stocks

percent

Shandong Electric power(Group)Corporation

2815075430

53.56%

Huadian Power Trust and Investment Corporation

903443970

17.19%

Shandong Luneng Development Group Co.,Ltd.

86536800

1.65%

Zaozhuang city Infrastructure Investment Company

20000000

0.38%

H shareholders of H shares

1431028000

27.22%

Total

5256084200

100%

Domestic shares

3825056200

72.78%

at the end of December 2001.