Comtec Solar Systems Group Limited — Capital/Financing Update 2012

Feb 7, 2012

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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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 712)

SUPPLEMENTAL ANNOUNCEMENT PROPOSED REPURCHASE OF CONVERTIBLE BONDS AND PROPOSED ISSUE OF NEW WARRANTS

Reference is made to the announcement of Comtec Solar Systems Group Limited (the “ Company ”) dated 25 January 2012 in relation to the proposed repurchase of the Repurchase Bonds and the proposed issue of the New Warrants (the “ Announcement ”). Terms defined in the Announcement shall have the same meanings when used in this announcement unless context requires otherwise.

The Company announces that the parties to the Repurchase Deed and the Warrant Subscription Agreement have entered into a deed of amendment to the Repurchase Deed and the Warrant Subscription Agreement on 7 February 2012 (the “ Deed of Amendment ”), pursuant to which the Repurchase Deed and the Warrant Subscription Agreement have been amended as follows.

Amendment to the Repurchase Deed

In the paragraph headed “Repurchase Deed — Conditions Precedent” in the Announcement, it was disclosed that if the conditions precedent to the Repurchase Deed were not satisfied or waived by the Investor on or prior to 20 February 2012, then the Repurchase Deed (other than the surviving provisions thereunder) should automatically terminate and (without prejudice to the rights and/or obligations of any party thereto in respect of any antecedent breach) the parties thereto should cease to have the benefit of their rights, and should be released and discharged from their respective obligations, under the Repurchase Deed. The relevant clause in the Repurchase Deed as described above has been amended by replacing the reference to “20 February 2012” with “14 March 2012”.

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Amendment to the Warrant Subscription Agreement

In the paragraph headed “New Warrants — Conditions Precedent” in the Announcement, it was disclosed that if the conditions precedent to the Warrant Subscription Agreement were not satisfied or waived by the Investor on or prior to 20 February 2012, then the Warrant Subscription Agreement (other than the surviving provisions thereunder) should automatically terminate and (without prejudice to the rights and/or obligations of any party thereto in respect of any antecedent breach) the parties thereto should cease to have the benefit of their rights, and should be released and discharged from their respective obligations, under the Warrant Subscription Agreement. The relevant clause in the Warrant Subscription Agreement as described above has been amended by replacing the reference to “20 February 2012” with “14 March 2012”.

Save as disclosed in this announcement, all existing terms of the Repurchase Deed and the Warrant Subscription Agreement as set out in the Announcement remain unchanged and shall continue to have full force and effect.

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

Hong Kong, 7 February 2012

As at the date of this announcement, the executive Directors are Mr. John Zhang, Mr. Chau Kwok Keung, Mr. Shi Cheng Qi, the non-executive Directors are Mr. Phen Chun Shing Vincent, Mr. Stephen Peel, 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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