GCL Technology Holdings Limited — Major Shareholding Notification 2014

Jan 9, 2014

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)

Placing of existing shares by substantial shareholder

The Board announces that on 9 January 2014, the Company was informed by Chengdong that it has entered into a placing agreement to place a total of 1.2 billion shares of HK$0.10 each in the capital of the Company on 9 January 2014. The Placing Shares represent approximately 7.75% of the issued share capital of the Company as at 9 January 2014. After the completion of the Transaction, Chengdong ceases as a substantial shareholder of the Company and holds approximately 4.57% of the issued share capital of the Company.

This announcement is made by GCL-Poly Energy Holdings Limited (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board of directors of the Company (the " Board ") announces that it has been informed by Chengdong Investment Corporation (“ Chengdong ”), a subsidiary of China Investment Corporation and a substantial shareholder of the Company, which holds approximately 12.3% of the issued share capital of the Company, that it has entered into a placing agreement on 9 January 2014 to place a total of 1.2 billion shares of HK$0.10 each in the share capital of the Company (the “ Placing Shares ”) at a price of HK$2.60 per Placing Share (the “ Transaction ”). The Placing Shares represent approximately 7.75% of the issued share capital of the Company as at 9 January 2014. After the completion of the Transaction which is expected to take place on or before 14 January 2014, Chengdong ceases as a substantial shareholder of the Company (as defined in the Listing Rules) and holds approximately 4.57% of the issued share capital of the Company.

The Board further announces that to the best knowledge of the Company, the Transaction is carried out based on Chengdong’s own business decision. Chengdong

• 1 -

still supports the business development of the Company.

Shareholders of the Company 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, 9 January 2014

As at the date of this announcement, the Board comprises Mr. Zhu Gongshan (Chairman), Mr. Ji Jun, Mr. Shu Hua, Mr. Yu Baodong, Ms. Sun Wei and Mr. Zhu Yufeng as executive directors; Mr. Zhou Yuan and Mr. Zhang Qing as non-executive directors; Ir. Dr. Raymond Ho Chung Tai, Mr. Xue Zhongsu and Mr. Yip Tai Him as independent non-executive directors.

• 2 -