CM Energy Tech Co., Ltd. — Capital/Financing Update 2016

Feb 4, 2016

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)

BUSINESS UPDATE

TSC’s Zentech R-550D Rig Hull Number H6001 Qualifies for Work in Indonesia and Cancellation of Previous Sales Agreement with Petrolor

This announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). This announcement is 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 certain recent business development of the Group.

TSC’S FIRST HIGH SPECIFICATION R-550D JACK-UP RIG QUALIFIES FOR WORK IN INDONESIA

The board (the “ Board ”) of directors (the “ Directors ”) of TSC Group Holdings Limited (the “ Company ” or “ TSC ”, together with its subsidiaries, the “ Group ”) is pleased to announce that in January 2016, the Company achieved several significant milestones in the progress of delivery of the Zentech R-550D rig (“ Rig ”). The Rig is presently in the final stages of completion at the CSSC Huangpu Wenchong Shipbuilding Co Ltd shipyard located at Longxue in Guangzhou. An initial deposit has been received from its customer Harmoni Drilling Services Ltd (“ HDS ”). This amount is received in accordance with the payment terms of the sales and purchase agreement between Alliance Offshore Drilling Pte Ltd (“ AOD ”), a wholly owned subsidiary of TSC, and HDS.

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The sale to HDS replaces the sale to Hong Kong Petrolor Oilfield Services Co Limited (“ Petrolor ”) previously mentioned in the Company’s announcement dated 6 December 2013. The Group has simultaneously rescinded the previously announced sale to Petrolor on a mutually agreeable basis.

HDS is 90% owned by PT Harmoni Drilling Services (“ PT HDS ”). The remaining 10% of HDS is held by AOD. PT HDS is an established drilling contractor in Indonesia with a successful track record of over 6 years of operating drilling jack-up rigs and floaters for international clients operating in Indonesia. With the assistance of PT Harmoni Drilling Services, the Rig has recently been successfully qualified and approved by the Directorate General of Sea Transportation and the Indonesian Classification Society – Biro Klasifikasi Indonesia. This paves the way for the Rig to be qualified for future operations in Indonesia at a competitive day rate compared to non-Indonesian rigs. Through working with PT HDS, AOD is able to fulfill the mandatory local content factor required by the Indonesian Oil and Gas Authority – Direktorat Jenderal Minyak and Gas Bumi, which is in line with the Indonesian Government pillar initiative of supporting growth of indigenous companies. The successful cooperation resulting in TSC’s first high specification Jack-up rig obtaining approvals by Indonesian government positions TSC to effectively tap a still active Indonesian market.

The high specification Rig may bring about significant operational savings and reliable uptime to drilling contractors and Production Sharing Contract (“ PSC ”) operators given the Rig’s superior technical fit for purpose features. In addition, the Rig will bring about high level of technical skill sets transfer from AOD team to local skilled workforce in the long run. We are committed for the Rig to work in Indonesia for the long term.

The rig will on completion by the second quarter of this year be well-primed for securing Oil and Gas drilling contracts with PSC operators in Indonesia.

PT HDS has an excellent track record of operations, safety and cost effectiveness using mainly local Indonesian personnel whilst being qualified by international oil operators. This provides the Rig with the most competitive advantage when participating to win upcoming drilling contract tenders in Indonesia. The Company recognizes the need to be cost competitive in order to win bids for drilling contracts through PT HDS in the current low oil price scenario. PT HDS has a long term goal of becoming a major oilfield services company and sees the opportunity to work with TSC as fully complementary to its long term strategies.

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About PT HDS

HDS is an Oil & Gas drilling and workover for offshore and onshore company, established in July 2009 by Mr. Said Abdurrahman Alatas who was the Pioneer Representative of China Offshore Services Limited (COSL) from 2002-2007 prior to founding PT HDS. Prior to establishing PT HDS, Mr. Said Abdurrahman Alatas, the CEO/President Director of PT HDS was instrumental in bringing the Bohai-4 (a Jack-Up Rig) and Nanhai-2 (Semi-submersible Rig) into Indonesian waters. Since incorporation in 2009, HDS has established itself as a reputable drilling and oil service contractor.

Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company.

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

Hong Kong, 4 February 2016

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.

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