China Carbon Neutral Development Group Limited — Share Issue/Capital Change 2021

Apr 13, 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.

==> picture [279 x 37] intentionally omitted <==

(Incorporated in the Cayman Islands with limited liability) (Stock code: 1372)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules (the “ Listing Rules ”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The board (the “ Board ”) of directors (the “ Director(s) ”) of Bisu Technology Group International Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that the Board has resolved to grant share options (the “ Options ”) pursuant to the share option scheme approved by the shareholders of the Company on 24 March 2016 and adopted by the Company on 29 March 2016 (the “ Share Option Scheme ”) to eligible participants (the “ Grantees ”) to subscribe up to 7,900,000 ordinary shares of HK$0.01 each (each a “ Share ”).

Details of the Options are set out below:

Date of grant : April 13 2021 Exercise price : HK$7.268 per Share Total number of Shares which may be issued : 7,900,000 Shares representing upon full exercise of the Options and the 3.344% of the issued share percentage in the issued share capital capital of the Company of the Company Exercise period of the Options : from April 12 2022 to April 11 2025 Closing price of the Shares on the date of grant : HK$6.40 per share Average closing price of the Shares : HK$7.268 per Share for the five business days immediately preceding the date of grant

The exercise price of HK$7.268 per Share represents the highest of (i) the closing price of HK$6.40 per Share as stated in the daily quotations sheet issued by the Stock Exchange on April 13 2021, being the date of the grant of the Options; (ii) the average closing price of HK$7.268 per Share as stated in the daily quotations sheet issued by the Stock Exchange for the five business days immediately preceding the date of the grant of the Options; and (iii) the nominal value of the Shares.

1

Among the Options granted above, 1,500,000 Options were granted to Mr. DI Ling, the executive Director. Such grant of the Options to Mr. DI Ling was approved by independent non-executive Directors pursuant to Rule 17.04(1) of the Listing Rules.

Save as disclosed above, none of the Grantees is a Director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined under the Listing Rules).

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

Hong Kong, April 13 2021

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

2