Xinte Energy Co., Ltd. — Capital/Financing Update 2017

May 16, 2017

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XINTE ENERGY CO., LTD. 新特能源股份有限公司

(A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1799)

INSIDE INFORMATION

SIGNING OF THE STRATEGIC COOPERATION AGREEMENT

This announcement is made by Xinte Energy Co., Ltd. (the “ Company ” and its subsidiaries, collectively referred to as the “ Group ”) under 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) of Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors (the “ Board ”) of the Company is pleased to announce that on 16 May 2017, TBEA Xinjiang New Energy Co., Ltd. (“ Xinjiang New Energy ”), a subsidiary of the Company, has signed a strategic cooperation agreement (the “ Strategic Cooperation Agreement ”) with the Baoying County People’s Government of Yangzhou Municipality of Jiangsu Province (the “ Baoying County Government ”).

Overview of the Strategic Cooperation Agreement

Xinjiang New Energy will jointly fund and incorporate, with outstanding enterprises based in Jiangsu Province, a joint venture corporation in the Baoying Economic Zone (“ Joint Venture Corporation ”), Jiangsu Province, the People’s Republic of China (the “ PRC ”). The registered capital of the Joint Venture Corporation will be RMB200 million. The main operation of the Joint Venture Corporation involves the manufacturing of new energy equipment, along with the investment and development of wind power and photovoltaic (“ PV ”) plants. It is projected that the output value of the Joint Venture Corporation will reach RMB1 billion in 3 years, and its tax burden will be no lower than 4% (inclusive of deductions such as deductions for equipment.)

The Baoying County Government will, in allocating its local wind and PV resources, accord Xinjiang New Energy key enterprise status and priority recommendation, as well as support Xinjiang New Energy in the construction of wind power and PV plant projects. In order to accelerate the implementation of projects, the Baoying County Government will allocate Xinjiang New Energy 200MW indicated wind power and PV resources annually for 3 continuous years (of which the indicated resources allocation for the PV fore-runner base with priority recommendation will be no lower than 10% of the total for nationally approved PV fore-runner bases; and any shortfall from the annual 200MW allocation shall be strive for, with the support of Baoying County Government, supplemented with indicated wind and distributed resources recognized by

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Xinjiang New Energy), as well as providing vigorous support to Xinjiang New Energy in obtaining supporting documents such as resource approval and in project promotion and construction execution. The Baoying County Government shall, through policy support in providing localization of equipment, actively encourage enterprises within its jurisdiction to give preference, under the conditions of equal quality and price, to consuming products manufactured by Xinjiang New Energy’s investment in Baoying County, Yangzhou Municipality, Jiangsu Province, on the basis of promoting the usage of locally manufactured products and the support of the local development of energy equipment manufacturing.

Reasons and Benefits of Signing the Strategic Cooperation Agreement

Signing the Strategic Cooperation Agreement and executing the projects will be beneficial to the Group’s competitiveness and share of the market, securing the Group’s long-term sustainable development. At the same time, it will benefit the economic prosperity, social stability, and harmonious ecological development of Baoying County, Yangzhou Municipality, Jiangsu Province.

After signing the Strategic Cooperation Agreement, there may be risks relating to factors such as the projects not being incorporated into national planning, policy changes, failure to receive timely approval, and force majeure, which may lead to the delay, change, suspension, or termination of the projects. Implementation of the investments set out by the Strategic Cooperation Agreement shall only begin after the consideration and approval of the board or shareholders’ general meeting of TBEA Co., Ltd. and the Company. Shareholders and potential investors of the Company should exercise caution when dealing in the shares or other securities of the Company.

By order of the Board Xinte Energy Co., Ltd. Chairman Zhang Jianxin

Xinjiang, the PRC 16 May 2017

As of the date of this announcement, the Board of the Company consists of Mr. Zhang Jianxin, Mr. Ma Xuping and Mr. Yin Bo as executive directors; Mr. Zhang Xin and Ms. Guo Junxiang as non-executive directors; Mr. Qin Haiyan, Mr. Yang Deren and Mr. Wong, Yui Keung Marcellus as independent non-executive directors.

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