Xinte Energy Co., Ltd. — Capital/Financing Update 2021

Aug 3, 2021

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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)

ANNOUNCEMENT ON APPROVAL OF THE APPLICATION FOR THE ISSUANCE OF H SHARES BY THE CSRC

Reference is made to the announcement (the “ Announcement ”) of Xinte Energy Co., Ltd. (the “ Company ”) dated 10 May 2021 in relation to the acceptance of application materials for the Issuance of H Shares by the CSRC. Unless otherwise stated, capitalised terms used herein shall have the same meanings as ascribed thereto in the Announcement.

The Company has recently received the “Approval on the issuance of overseas-listed foreign shares by Xinte Energy Co., Ltd.” (Zheng Jian Xu Ke [2021] No. 2549) from the CSRC. The CSRC’s application for the approval of the Company’s Issuance of H Shares are as follows:

1. The Company was approved to issue no more than 62,695,126 overseas-listed foreign shares with a par value of RMB1 each, all of which are ordinary shares.

2. The Company shall report to the CSRC in writing regarding the details of the issuance within 15 working days upon completion of the issuance.

3. The approval of the CSRC shall be valid for a period of 12 months from the date of approval.

4. The Company shall strictly comply with relevant domestic and overseas laws, regulations and rules during the process of issuance of shares overseas and listing.

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 Xinte Energy Co., Ltd. Zhang Jianxin Chairman

Xinjiang, the PRC 3 August 2021

As at the date of this announcement, the Board of the Company consists of Mr. Zhang Jianxin, Mr. Yin Bo and Mr. Xia Jinjing as executive directors; Mr. Zhang Xin, Mr. Huang Hanjie and Ms. Guo Junxiang as non-executive directors; and Mr. Cui Xiang, Mr. Chen Weiping and Mr. Tam, Kwok Ming Banny as independent non-executive directors.