CM Energy Tech Co., Ltd. — Capital/Financing Update 2013

Jul 29, 2013

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 [115 x 61] intentionally omitted <==

TSC Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 206)

VOLUNTARY ANNOUNCEMENT GROUND BREAKING CEREMONY – CONSTRUCTION OF ADDITIONAL MANUFACTURING FACILITY

Reference is made to the announcement of TSC Group Holdings Limited (the “ Company ”) dated 30 May 2013 regarding the Company’s successful bid for and execution of the Land Transfer Confirmation for acquiring the Land Use Right of the Land in Qingdao.

CONSTRUCTION CONTRACT – CONSTRUCTION OF ADDITIONAL MANUFACTURING FACILITY

The Board is pleased to announce that a Ground Breaking Ceremony was held on 29 July 2013 at 8:30 a.m. to mark the commencement of the construction of manufacturing facilities for the Group’s product lines (the “ Ceremony ”).

Below members of the Directors and senior management of the Group officiated the ceremony:

Mr. Jiang Bing Hua, Executive Chairman and Executive Director;

Mr. Zhang Menggui, Chief Executive Officer and Executive Director; and

Mr. Wang Yong, Chief Operations Officer.

– 1 –

Other key attendees included the following people:

Mr. Ji Weishang, Director of the Government of Liuting, Chengyang District, Qingdao; Ms. Fang Zhaoxia, Vice Director of the Government of Liuting, Chengyang District, Qingdao;

Mr. Liu Zhan, Vice Director of the Government of Liuting, Chengyang District, Qingdao; Mr. Li Zhibin, President of Bank of Communications, Qingdao Branch;

Mr. Li Bo, Vice President of Industrial and Commercial Bank of China (Asia) Limited, Qingdao Branch; and

Ms. Guo Zhonghua, Vice President of China Construction Bank, Qingdao Branch.

As mentioned in the Announcement, the parcel of land numbered QDCYG-2013-5-1 and QDCYG-2013-5-2 is located at Jingangshan Road, Liuting Airport Industrial Zone, Chengyang District, Qingdao, Shangdong Province, the PRC (青島市城陽區流亭街道空港 工業聚集區長江路以西，金剛山以南地塊), with a total site area of approximately 151.4 mu.

Presently, the Group has two manufacturing facilities in Qingdao which have a combined total size of approximately 70,000 square meters. This Ceremony signifies the commencement of development of a third manufacturing facility that will add a further 100,000 square meters of manufacturing space to the Group’s manufacturing operations. The TSC Offshore Group Engineering & Research Institute (Qingdao) Co. Ltd. is also located at the Laoshan new business district of Qingdao. This makes Qingdao as the Group’s main product development and manufacturing hub. The Group also has manufacturing facilities in Xian and Zhengzhou in the PRC, the United States of America and the United Kingdom.

With a growing demand for the Group’s products in both the shale and offshore segments, this expansion will be key to the Group in meeting its long term goals. The proximity to major shipyards and efficient infrastructure developed in the Qingdao region makes Qingdao an ideal location for expansion of the Group’s oil and gas equipment manufacturing facilities. The development of these new facilities in Qingdao will also enable the Company to consolidate existing manufacturing facilities for certain product lines that the Group has in Zhengzhou and Dalian to one location in Qingdao. This may help increase manufacturing efficiency and reduce manufacturing overheads through better economies of scale. As stated

– 2 –

in the Announcement, the Consideration for the Acquisition is RMB29,788,000 (equivalent to approximately HK$37,175,424) and shall be satisfied in cash from internal resources of the Group. Upon further consideration, the Directors consider that such consideration shall be satisfied in part from bank borrowings and the remaining consideration to be satisfied in cash from internal resources of the Group.

By order of the Board TSC Group Holdings Limited Jiang Bing Hua Executive Chairman

Hong Kong, 29 July 2013

As of the date of this announcement, the Board comprises 2 executive Directors, namely Mr. Jiang Bing Hua and Mr. Zhang Menggui; 3 non-executive Directors, namely Mr. Jiang Longsheng, Mr. Brian Chang and Mr. Yu Yuqun; and 4 independent non-executive Directors, namely Mr. Chan Ngai Sang, Kenny, Mr. Bian Junjiang, Mr. Guan Zhichuan and Mr. Robert William Fogal Jr.

– 3 –