Comtec Solar Systems Group Limited — Board/Management Information 2021

Jul 28, 2021

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 [95 x 63] intentionally omitted <==

SINO ICT HOLDINGS LIMITED

芯 成 科 技 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability) (Stock Code: 00365)

CHANGE OF AUDITOR

This announcement is made by Sino ICT Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

RESIGNATION OF AUDITOR

The board of directors of the Company (the “ Board ”) announces that PricewaterhouseCoopers (“ PwC ”) has resigned as auditor of the Group with effect from 28 July 2021 as the Company was unable to reach an agreement with PwC on the audit fee for the financial year ending 31 December 2021.

The Company has accepted the resignation of PwC as auditors of the Company solely for audit fee competitiveness reason, which is in line with the Company’s policy to control and reduce the operating costs. In relation to PwC’s resignation, the Board is not aware of any other fact or circumstance that ought to be brought to the notice of the shareholders or creditors of the Company. As the Company is incorporated in Bermuda and to the knowledge of the Board, there is no requirement under the laws of Bermuda for the resigning auditors to confirm to the Company whether or not there is any circumstances connected with their resignation which they consider should be brought to attention of the Company’s members and creditors, PwC has therefore not issued such confirmation.

Both the Board and the audit committee of the Company (the “ Audit Committee ”) confirm that there is no disagreement between the Company and PwC except for the audit fee for the financial year ending 31 December 2021 and that there are no matters in respect of the change of the auditor which should be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to PwC for their professional services and support rendered to the Group in the past years.

− 1 −

APPOINTMENT OF AUDITOR

The Board, with recommendation from the Audit Committee, has resolved to appoint Grant Thornton Hong Kong Limited (“ Grant Thornton Hong Kong ”) as the auditor of the Company with effect from 28 July 2021 to fill the casual vacancy following the resignation of PwC and to hold office until the conclusion of the next annual general meeting of the Company.

The Board would like to take this opportunity to extend its warmest welcome to Grant Thornton Hong Kong on its appointment as the new auditor of the Company.

By order of the Board of Sino ICT Holdings Limited

Du Yang

Chairman

Hong Kong, 28 July 2021

As at the date of this announcement, the directors are Mr. Du Yang, Mr. Yuan I-Pei and Mr. Xia Yuan as executive directors; Mr. Li Yongjun and Mr. Li Jinxian as non-executive directors; and Mr. Cui Yuzhi, Mr. Bao Yi and Mr. Ping Fan as independent non-executive directors.

− 2 −