Comtec Solar Systems Group Limited — Capital/Financing Update 2013

Jun 28, 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.

卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 712)

CLARIFICATION ANNOUNCEMENT

DISCLOSEABLE TRANSACTION

Reference is made to the announcements (‘‘Announcements’’) of the Company dated 25 and 26 June 2013 in relation to the Construction Contract and the Consultancy Services Agreement. Terms defined in the Announcements shall have the same meanings when used in this announcement unless context requires otherwise.

The Company would like to inform its Shareholders and the investing public that, given the Stock Exchange may not grant the approval of the listing of and the permission to dealing in the New Shares, the Company decided to exercise its discretion in accordance with the terms of the Consultancy Services Agreement to provide cash to the Consultant for the Consultant to arrange the milestone payments to the Constructor for their works in accordance with the terms and conditions of the Construction Contract and not to issue any New Shares.

The Company also wishes to clarify that the transaction contemplated under the Construction Contract constitutes a discloseable transaction. The consideration of RM46 million under the Construction Contract was reached based on arm’s length negotiation and the Company’s expected construction costs to be involved in the New Project.

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

By Order of the Board Comtec Solar Systems Group Limited John ZHANG Chairman

Shanghai, the People’s Republic of China, 28 June 2013

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As at the date of this announcement, the executive Directors are Mr. John Zhang, Mr. Chau Kwok Keung and Mr. Shi Cheng Qi, the non-executive Director is Mr. Donald Huang, and the independent non-executive Directors are Mr. Leung Ming Shu, Mr. Kang Sun and Mr. Daniel DeWitt Martin.

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