New City Development Group Limited — Capital/Financing Update 2021

Dec 16, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in Hong Kong, the United States of America or elsewhere.

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CHINA EVERBRIGHT ENVIRONMENT GROUP LIMITED 中國光大環境（集團）有限公司

(Incorporated in Hong Kong with limited liability)

(Stock code: 257)

VOLUNTARY ANNOUNCEMENT IN RESPECT OF THE NOTICE OF REGISTRATION ACCEPTANCE ISSUED BY THE NAFMII FOR THE PROPOSED ISSUE OF ASSET-BACKED NOTES IN THE PRC

Reference is made to the announcement of China Everbright Environment Group Limited (the “ Company ”) dated 27 October 2021 (the “ Announcement ”) in relation to the application by Everbright Environmental Protection (China) Limited* (光大環保（中國）有 限公司) (“ EEP China ”, a wholly-owned subsidiary of the Company), to the National Association of Financial Market Institutional Investors of the PRC (中國銀行間市場交易商 協會) (the “ NAFMII ”) for registration and proposed issue of the Asset-backed Notes with the total registered issue size of not exceeding RMB2 billion (equivalent to approximately HK$2.4 billion). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that, on 16 December 2021, EEP China received the notice of registration acceptance (the “ Notice of Registration Acceptance ”, reference no. Zhong Shi Xie Zhu [2021] ABN 259) issued by the NAFMII in respect of the proposed issue of Asset-backed Notes.

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Pursuant to the Notice of Registration Acceptance, the aggregate registered principal amount of the proposed issue of Asset-backed Notes shall be RMB2 billion (equivalent to approximately HK$2.4 billion) and such aggregate registered principal amount shall be valid for 2 years from the date of the Notice of Registration Acceptance, being 16 December 2021.

The Company will make further announcement(s) in relation to the proposed issue of Asset-backed Notes as and when necessary.

The Company would like to emphasise that even though EEP China has received the Notice of Registration Acceptance for the proposed issue of Asset-backed Notes, shareholders of the Company and potential investors are reminded that the proposed issue of Asset-backed Notes may or may not proceed. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board China Everbright Environment Group Limited Poon Yuen Ling Company Secretary

Hong Kong, 16 December 2021

As at the date of this announcement, the Board comprises: (i) five executive Directors, namely Mr. Wang Tianyi (Chairman of the Board), Mr. Luan Zusheng (Chief Executive Officer), Mr. Hu Yanguo (Vice President), Mr. Qian Xiaodong (Vice President) and Mr. An Xuesong (Vice President and Chief Financial Officer); and (ii) four independent non-executive Directors, namely Mr. Fan Yan Hok, Philip, Mr. Mar Selwyn, Mr. Zhai Haitao and Mr. Suo Xuquan.

• For identification purpose only

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