Zhejiang Tengy Environmental Technology Co., Ltd — Proxy Solicitation & Information Statement 2021

Jun 29, 2021

�������������� Zhejiang Tengy Environmental Technology Co., Ltd

(a joint stock company established in the People’s Republic of China with limited liability)

(Stock Code: 1527)

PROXY FORM FOR THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON 30 July 2021 (or at any adjournment thereof)

I/We, of[(Note][1)]

being the registered holder of

DOMESTIC SHARES/H SHARES[(Note][2)]

in Zhejiang Tengy Environmental Technology Co., Ltd (the ‘‘Company’’), HEREBY APPOINT[(Note][3)] the Chairman of the Extraordinary General Meeting or

of

as my/our proxy to attend and act for me/us at the Extraordinary General Meeting of the Company (‘‘EGM’’) to be held at the Company’s conference room, TENGY Industrial Park, Paitou Town, Zhuji City, Zhejiang Province, the People’s Republic of China (the ‘‘PRC’’) on Friday, 30 July 2021 at 10:00 a.m. and at any adjournment thereof and to vote on my/our behalf as directed below.

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----- Start of picture text ----- ORDINARY RESOLUTION [(Note] [4)] For [(Note] [5)] Against [(Note] [5)]1. (a) To approve, confirm and ratify the agreement dated 8 June 2021 (the‘‘Agreement’’) entered into between the Company as purchaser and 天潔集團有限公司 (for transliteration purpose only, Tengy Group Limited) as vendor inrelation to the acquisition of 40% equity interest of 浙江天潔磁性材料股份有限公司 (for transliteration purpose only, Zhejiang Tianjie Magnetic Materials Co.,Ltd.) for the total consolidation of RMB68,000,000 upon and subject to the termsand conditions as set out therein and the transactions contemplated thereunderand the implementation thereof; and(b) to authorise any one or more director(s) of the Company for and on behalf of theCompany to execute all such other documents, instruments and agreements andto do all such acts or things deemed by him/her to be incidental to, ancillary toor in connection with the matters contemplated in the Agreement and thetransactions contemplated thereunder and the implementation thereof.----- End of picture text -----

Dated this of 2021 Signature(s)[(Note][6)] :

Notes:

1. Full name(s) (in Chinese or English) and address(es) (as shown in the register of members) are to be inserted in BLOCK CAPITALS. 2. Please insert the number of shares in the Company registered in your name(s) to which this form of proxy relates. If no number is inserted, this form of proxy will be deemed to relate to all shares in the capital of the Company registered in your name(s). Please also strike out the type of shares (Domestic Shares/H Shares) to which the proxy does not relate.

2. Please insert the name and address of the proxy desired. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE EGM WILL ACT AS YOUR PROXY. 4. The full text of this resolution is set out in the notice of EGM which is sent to the shareholders of the Company together with this form of proxy.

3. ‘‘IfAGAINSTyou wish ’’to. Ifvoteyouforwishthe toresolutionuse less setthanoutallabove,your votes,pleaseorTICKto cast(‘‘some✓’’) inoftheyourboxesvotesmarked‘‘FOR‘‘’’FORand ’’some. If youof yourwishvotesto vote‘‘AGAINSTagainst the’’ aresolution,particularpleaseresolution,tick (you‘‘✓’’must) in thewriteboxesthe numbermarked of votes in the relevant box(es). If this form of proxy returned is duly signed but without specific direction on the proposed resolution, the proxy will vote or abstain at his discretion in respect of the resolution; or if in respect of a particular proposed resolution there is no specific direction, the proxy will, in relation to that particular proposed resolution, vote or abstain at his discretion. A proxy will also be entitled to vote at his discretion on any resolution properly put to the meeting other than those set out in the notice of EGM.

4. This form of proxy must be signed by a shareholder, or his attorney duly authorized in writing, or if the shareholder is a corporation, either under its common seal or under the hand of an officer or attorney so authorized. All powers of attorney referred to in this note must be notarially certified.

5. In the case of a joint holding, this form of proxy may be signed by any one joint holder, but if more than one joint holder is present at the meeting, whether in person or by proxy, then the joint holder whose name stands first on the register of members in respect of the relevant joint holding shall alone be entitled to vote in respect thereof.

6. certifiedAs regardscopyto theof suchholderspowerof HorShares,authority,in ordermust beto bedepositedvalid, thiswithformthe Companyof proxy,’stogetherH sharewithregistrar,any powerTricorofInvestorattorneyServicesor otherLimited,authorityat(ifLevelany)54,underHopewellwhich Centre,it is signed183 orQueena notarially’s Road East, Hong Kong not less than 24 hours before the time appointed for holding the EGM or any adjournment thereof.

7. AS REGARDS TO THE HOLDERS OF DOMESTIC SHARES, IN ORDER TO BE VALID, THIS FORM OF PROXY, TOGETHER WITH ANY POWER OF ATTORNEY OR OTHER AUTHORITY (IF ANY) UNDER WHICH IT IS SIGNED OR A NOTARIALLY CERTIFIED COPY OF SUCH POWER OR AUTHORITY, must be deposited with the Company’s registered office at TENGY Industrial Park, Paitou Town, Zhuji City, Zhejiang Province, the PRC not less than 24 hours before the time appointed for holding the EGM or any adjournment thereof.

8. A proxy attending the EGM on behalf of a shareholder must present this form of proxy, duly completed and signed, and the proxy’s proof of identification.

9. Any alteration made to this form of proxy should be initialled by the person who signs the form of proxy. 12. Unless the context requires otherwise, terms defined in the notice of EGM shall bear the same meanings when used in this form of proxy.

PERSONAL INFORMATION COLLECTION STATEMENT

‘‘thePersonalPersonalDataData’’ inis thison astatementvoluntaryhasbasistheandsameformeaningthe purposeas ‘‘personalof processingdata’’yourdefinedinstructionsin the Personalas statedDatain this(Privacy)Form (theOrdinance,‘‘PurposesChapter’’). If 486you offailtheto LawssupplyofsufficientHong Konginformation,(‘‘PDPO’’the). YourCompanysupplymayof not be able to process your instructions. The Company may disclose or transfer the Personal Data to its subsidiaries, its Share Registrar and/or third party service provider who provides administrative, computer and other services to the Company for use in connection with the Purposes and to such parties who are authorised by law to request the information or are otherwise relevant for the Purposes and need to receive the information. The Personal Data will be retained for such period as may be necessary to fulfil the Purposes (including for verification and record purposes). Request for access to and/or correction of the Personal Data can be made in accordance with the provisions of the PDPO and any such request should be in writing and sent to the Privacy Compliance Officer of Tricor Investor Services Limited at the above address.