Xinte Energy Co., Ltd. — Earnings Release 2021

Jul 12, 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.

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 POSITIVE PROFIT ALERT

This announcement is made by Xinte Energy Co., Ltd. (the “ Company ” together with its subsidiaries, the “ Group ”) pursuant to the Rule 13.09 of 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) under 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 hereby notifies shareholders and potential investors of the Company that, based on the preliminary assessment of the information currently available (including but not limited to the unaudited consolidated management accounts of the Group for the six months ended 30 June 2021 (the “ First Half of 2021 ”)), the Group is expected to record an unaudited profit attributable to owners of the Company of no less than RMB1.15 billion for the First Half of 2021, as compared to the profit attributable to owners of the Company of RMB1.74 million recorded for the corresponding period in 2020.

The expected increase in the Group’s profit is mainly due to the increase in sales volume of polysilicon products in the First Half of 2021 as compared to the corresponding period in 2020, the significant increase in the sales price of polysilicon products, as well as the increase in the scale and power generation volume of the Group’s self-operated wind power and PV power plants.

The information contained in this announcement shall not be deemed as a basis to predict the Group’s financial performance for the full year of 2021.

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The Company is still in the process of finalizing the unaudited consolidated interim results for the First Half of 2021. The relevant information contained in this announcement is based on a preliminary assessment of the information currently available by the management of the Company. The unaudited management accounts may be changed or adjusted after further review by the Board and the independent auditors of the Company; such information has not been audited or reviewed by the independent auditors and the audit committee of the Company. The Company’s interim results for the First Half of 2021 expected to be published by the end of August 2021 may differ from the information contained in this announcement.

Shareholders and potential investors of the Company 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 12 July 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 nonexecutive directors; and Mr. Cui Xiang, Mr. Chen Weiping and Mr. Tam, Kwok Ming Banny as independent non-executive directors.

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