New City Development Group Limited — Capital/Financing Update 2021

Apr 27, 2021

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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)

ANNOUNCEMENT IN RESPECT OF THE NOTICE OF REGISTRATION ACCEPTANCE ISSUED BY NAFMII FOR THE PROPOSED MEDIUM-TERM NOTES ISSUE IN THE PRC

Reference is made to the announcement of China Everbright Environment Group Limited (the “ Company ”) dated 16 March 2021 in relation to the application to the National Association of Financial Market Institutional Investors of the People’s Republic of China (the “ PRC ”) (the “ NAFMII ”) for registration and proposed issue of medium-term notes in an aggregate principal amount of not exceeding RMB4 billion (equivalent to approximately HK$4.8 billion) (the “ Proposed Medium-term Notes Issue ”) in the national inter-bank bond market.

The board of directors of the Company (the “ Board ”) is pleased to announce that, on 27 April 2021, the Company received the notice of registration acceptance (the “ Notice of Registration Acceptance ”, reference no. Zhong Shi Xie Zhu [2021] MTN 348) issued by the NAFMII in respect of the Proposed Medium-term Notes Issue.

Pursuant to the Notice of Registration Acceptance, the aggregate registered principal amount of the Proposed Medium-term Notes Issue shall be RMB4 billion (equivalent to approximately HK$4.8 billion) and such aggregate registered principal amount shall be valid for 2 years from the date of the Notice of Registration Acceptance, being 25 April 2021.

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The Company will make further announcement(s) in relation to the Proposed Medium-term Notes Issue as and when necessary.

The Company would like to emphasise that even though the Company has received the Notice of Registration Acceptance for the Proposed Medium-term Notes Issue, shareholders of the Company and potential investors are reminded that the Proposed Medium-term Notes Issue 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, 27 April 2021

As at the date of this announcement, the Board comprises: (i) four executive directors, namely Mr. Wang Tianyi (Chairman and Chief Executive Officer), Mr. Wong Kam Chung, Raymond, Mr. Hu Yanguo and Mr. Qian Xiaodong; and (ii) four independent non-executive directors, namely Mr. Fan Yan Hok, Philip, Mr. Mar Selwyn, Mr. Zhai Haitao and Mr. Suo Xuquan.

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