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

Jul 11, 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.

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TSC Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 206)

VOLUNTARY ANNOUNCEMENT

This announcement is a voluntary disclosure made by TSC Group Holdings Limited (the “ Company ” or “ TSC ”, together with its subsidiaries, the “ Group ”) to provide its shareholders and potential investors with updated operating information in relation to the recent business development of the Group.

The board (the “ Board ”) of directors (the “ Directors ”) of the Company is pleased to announce that on 11 July 2013, the Company entered into a strategic cooperation agreement (the “ Strategic Agreement ”) with Lanzhou LS-Petroleum Equipment Engineering Company Limited[] (蘭州蘭石石油裝備工程有限公司) (“ LSPE ”), a wholly-owned subsidiary of Lanzhou Lanshi Group Company Limited[] (蘭州蘭石集團有 限公司[] ) (the “ Lanshi Group* ”) where both parties agree to negotiate terms of trade on an arm’s length basis in good faith on the best commercial terms available in the market and to combine the competitive strengths and strategies of both parties in a joint effort to pursue a greater market share for the respective businesses of each party to the Strategic Agreement.

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This announcement is a voluntary disclosure made by the Company to provide its shareholders and potential investors with updated operating information in relation to the recent business development of the Group.

THE STRATEGIC AGREEMENT

The Board is pleased to announce that on 11 July 2013, the Company entered into the Strategic Agreement with LSPE, a subsidiary of the Lanshi Group, where both parties agree to negotiate terms of trade on an arm’s length basis in good faith on the best commercial terms available in the market and to jointly pursue a greater market share for each respective business based on the combined strengths of each party.

Strategic Cooperation

LSPE is a wholly-owned subsidiary of the Lanshi Group and is considered one of China’s largest manufacturers of equipment for oil drilling, refining and chemical processing. Up to 3 April 2013, LSPE was known as, Lanzhou-LS National Oilwell Petroleum Engineering Co., Ltd before it changed its name to LSPE. The Lanshi Group has established itself as a reputable manufacturer of high quality equipment using advanced production technology and management concepts from the United States of America. The Lanshi Group is also able to manufacture a variety of land-based oil rigs, and offshore drilling modules capable of operating in various water depths.

Under the Strategic Agreement, both parties will combine their strategies and competitive strengths to their mutual benefits on a win-win principle. The Lanshi Group will benefit from TSC’s strong global network to further expand the global land rig market by providing a variety of land rig drilling equipment. TSC, on the other hand, will benefit significantly from the world class manufacturing facilities of the Lanshi Group to meet with growing demand for TSC’s own products. The parties agree to negotiate terms of trade on an arm’s length basis in good faith on the best commercial terms available in the market and to combine the competitive strengths and strategies of both parties in a joint effort to pursue a greater market share for the respective businesses of each party to the Strategic Agreement.

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REASONS FOR AND BENEFITS OF ENTERING INTO THE STRATEGIC AGREEMENT

This strategic alliance provides for both parties to jointly bid for offshore and land drilling rigs where the combined strengths of both parties will provide a distinct advantage in such bids. Each party will provide either personnel, technology and/or infrastructure to meet the requirements of the customers. The strategic cooperation with the Lanshi Group pursuant to the Strategic Agreement will add value to the business of the Group through complementing with TSC’s marketing network which has been established over the years. At the same time, the strategic cooperation will also facilitate TSC in enhancing its capacity in the land rig market and develop its market share in South America more effectively.

The TSC Group is a product and service provider for onshore and offshore drilling rigs in the oil and gas industry. It is principally engaged in (i) the manufacture and sale of onshore and offshore drilling and handling equipment (such as drilling equipment, rig controls and drives, solid control systems, jacking systems, rack material, deck cranes, pipe handling and conductor tensioning units), oilfield supplies (including expendables and accessories for drilling rigs); and (ii) the provision of turnkey solutions for offshore rigs.

The Strategic Agreement and the transactions contemplated in relation thereto will be conducted in the ordinary and usual course of business of the Group.

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

Hong Kong, 11 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.

• For identification purposes only

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