Luye Pharma Group Limited — Audit Report / Information 2021

Feb 3, 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.

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STATE ENERGY GROUP INTERNATIONAL ASSETS HOLDINGS LIMITED 國能集團國際資產控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 918)

CHANGE OF AUDITOR

This announcement is made by State Energy Group International Assets Holdings Limited (the “ Company ”) pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

RESIGNATION OF AUDITOR

The board (the “ Board ”) of directors (the “ Directors ”) of the Company announces that Cheng & Cheng Limited (“ Cheng & Cheng ”) has resigned as the auditor of the Company with effect from 3 February 2021, as the Company and Cheng & Cheng could not reach a consensus on the audit fee for the financial year ended 31 March 2021.

The Company has received a confirmation from Cheng & Cheng that there are no matters which Cheng & Cheng needs to bring to the attention of the shareholders of the Company (the “ Shareholders ”) in relation to its resignation as auditor of the Company. The Board has also confirmed that there is no disagreement between Cheng & Cheng and the Company, and there is no matter in respect of the resignation of Cheng & Cheng that need to be brought to the attention of the Shareholders.

The Board would like to express its appreciation to Cheng & Cheng for their services rendered to the Company in the past years.

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APPOINTMENT OF AUDITOR

The Board, with the recommendation of the audit committee of the Company, resolved to appoint KTC Partners CPA Limited as the auditor of the Company with effect from 3 February 2021 to fill the casual vacancy following the resignation of Cheng & Cheng and to hold office until the conclusion of the next annual general meeting of the Company.

By order of the Board State Energy Group International Assets Holdings Limited Zhang Jinbing Chairman

Hong Kong, 3 February 2021

As at the date of this announcement, the executive Directors are Mr. Zhang Jinbing, Mr. Tian Wenxi and Mr. Wu Tingjun; and the independent non-executive Directors are Mr. Chow Hiu Tung, Mr. Zhao Hangen and Ms. Yang Yanli.

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