GCL Technology Holdings Limited — M&A Activity 2016

Oct 26, 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.

GCL-POLY ENERGY HOLDINGS LIMITED 保利協鑫能源控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 3800)

VOLUNTARY ANNOUNCEMENT

Reference is made to the announcement of the Company dated 28 August 2016 (the “ Announcement ”) in relation to Acquisition. Unless otherwise stated, terms defined in the Announcement have the same meanings when used in this announcement.

The Board is pleased to announce that on 25 October 2016 (U.S. time), the United States Bankruptcy Court entered a Sale Order approving and authorising the Sellers to enter into the Agreement and consummate the transactions contemplated under the Agreement. The Closing of the Acquisition is subject to satisfaction of certain Conditions Precedent, including the CFIUS Approval. Further announcement(s) will be made by the Company as and when appropriate.

Shareholders and potential investors of the Company should be aware that as Closing of the Acquisition is subject to the satisfaction of a number of Conditions Precedent, the Acquisition may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board GCL-Poly Energy Holdings Limited Zhu Gongshan Chairman

Hong Kong, 26 October 2016

As at the date of this announcement, the Board comprises Mr. Zhu Gongshan (Chairman), Mr. Zhu Zhanjun, Mr. Ji Jun, Mr. Zhu Yufeng, Ms. Sun Wei, Mr. Yeung Man Chung, Charles, Mr. Jiang Wenwu and Mr. Zheng Xiongjiu as executive directors; Ir. Dr. Ho Chung Tai, Raymond, Mr. Yip Tai Him, Dr. Shen Wenzhong and Mr. Wong Man Chung, Francis as independent non-executive directors.