China Carbon Neutral Development Group Limited — M&A Activity 2017

Aug 18, 2017

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)

EXTENSION OF THE EXCLUSIVITY PERIOD UNDER THE EXCLUSIVITY AGREEMENT IN RELATION TO THE POSSIBLE ACQUISITION

Reference is made to the announcement of Bisu Technology Group International Limited (the “ Company ”) dated 16 June 2017 (the “ Announcement ”) regarding Exclusivity Agreement in relation to the Possible Acquisition. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

On 18 August 2017 (after trading hours), Future Marvel Limited, a wholly-owned subsidiary of the Company, entered into an extension letter (the “ Extension Letter ”) with the Prospective Vendor pursuant to which the parties have agreed to, among others, extend the Exclusivity Period from 15 August 2017 to 18 October 2017.

Save for the Exclusivity Period as amended by the Extension Letter, other terms and conditions of the Exclusivity Agreement shall remain in full force and effect.

Further announcement in respect of the Possible Acquisition will be made by the Company if the Possible Acquisition materialises.

By order of the Board Bisu Technology Group International Limited Lo Kin Ching Joseph Chairman

Hong Kong, 18 August 2017

As at the date of this announcement, the executive Directors are Mr. Lo Kin Ching Joseph, Mr. Wong Hin Shek and Mr. Xing Bin; and the independent non-executive Directors are Ms. Chu Yin Yin, Georgiana, Mr. Yip Tai Him and Mr. Chan Kai Wing.