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CHANGING WORLD UNCHANGING PLEDGE

Our operating company, HK Electric has been Hong Kong’s energy partner for the past

125 years, powering the city’s growth and evolution into an international financial centre.

Throughout this time of rapid technological change, we have remained true to our founding

principles of reliability, affordability and service. The cover of our 2015 annual report reflects

our commitment to Hong Kong over the years.

The image of Hong Kong’s world-famous skyline showcases the dynamic city we serve. The

junk sailing in the harbour symbolises our progress in this changing world.

HK Electric Investments, constituted in January 2014, is the first fixed single

investment trust in Hong Kong focusing purely on the energy sector. Our

Share Stapled Units, issued by the trust and HK Electric Investments Limited

(collectively known as “HKEI”), are listed on the Main Board of the Hong

Kong Stock Exchange. Our trust is structured to enable us to maintain a single-

minded focus on delivering stable distributions to holders of our Share Stapled

Units, while ensuring we have the potential for sustainable long-term growth.

Our main operating company, HK Electric, is a vertically integrated power

utility responsible for the generation, transmission, distribution and supply

of electricity to more than 570,000 customers in Hong Kong. Through HK

Electric, we have a heritage of powering Hong Kong’s economic growth

for 125 years, investing in the most appropriate technologies and fuels to

support the provision of affordable, safe, reliable and clean electricity to both

businesses and residential communities.

We are committed to continuing HK Electric’s long tradition of community

engagement and support for the underprivileged, and to remaining a positive

and responsible member of the Hong Kong community.

C H A N G I N G W O R L D

U N C H A N G I N G P L E D G E

ANNUAL REPORT 2015