ZONQING Environmental Limited — M&A Activity 2023

Jun 30, 2023

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.

ZONQING Environmental Limited 中庆 環 境股份有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1855)

COMPLETION OF MAJOR AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF 87.50% EQUITY INTEREST IN JILIN MODERN ZHONGQING

References are made to the announcement of ZONQING Environmental Limited (the “ Company ”) dated 11 April 2023, as well as the circular of the Company dated 9 June 2023 (the “ Circular ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

COMPLETION OF THE ACQUISITION

The Board is pleased to announce that the Conditions Precedent in the Equity Transfer Agreement have been satisfied and the Completion took place on 30 June 2023. Upon Completion, the Group holds 87.50% equity interests of the Target, and the financial information of the Target Group has been consolidated into the financial information of the Group.

By order of the Board ZONQING Environmental Limited Sun Juqing Chairman and non-executive Director

Hong Kong, 30 June 2023

As at the date of this announcement, the Board of the Company comprises Mr. Liu Haitao (vice-chairman) and Ms. Wang Yan as executive Directors, Mr. Sun Juqing (chairman), Ms. Lyu Hongyan and Mr. Shao Zhanguang as non-executive Directors, and Mr. Gao Xiangnong, Mr. Yin Jun and Mr. Lee Kwok Tung Louis as independent non-executive Directors.