China Carbon Neutral Development Group Limited — Capital/Financing Update 2021

Apr 1, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1372)

ANNOUNCEMENT

Reference is made to the announcement of Bisu Technology Group International Limited dated 7 March 2021 (the “ Announcement ”), in relation to subscriptions of new shares under the General Mandate. Unless otherwise specified, the capitalised terms used in this announcement shall have the same meanings as those defined the Announcement.

The Board wishes to inform the Shareholders that the conditions precedent under the Subscription Agreements have been fulfilled. As at the date of this announcement, (i) the Company has received the consideration of HK$75,000,000 from the Subscriber A, and the Completion under the Subscription Agreement A as agreed between the Company and the Subscriber A will take place before 30 June 2021; and (ii) the Company has received the consideration of HK$77,952,000 from the Subscriber B, and the Completion under the Subscription Agreement B will take place on 9 April 2021.

By Order of the Board Bisu Technology Group International Limited Gao Gunter Chairman

Hong Kong, 1 April 2021

As at the date of this announcement, the executive directors are Dr. Gao Gunter, Mr. Chen Xinwei, Dr. Cui Dingjun, Mr. Di Ling, Mr. Artem Matyushok and Mr. Brett Ashley Wight; and the independent non-executive Directors are Mr. Ip Mei Shun, Mr. Leung Tsz Wing and Mr. Yu Wai Chun.