Zhejiang Tengy Environmental Technology : ANNOUNCEMENT OF RESOLUTIONS PASSED AT THE BOARD MEETING

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浙 江 天 潔 環 境 科 技 股 份 有 限 公 司

Zhejiang Tengy Environmental Technology Co., Ltd

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

(Stock Code: 1527)

ANNOUNCEMENT OF RESOLUTIONS PASSED

AT THE BOARD MEETING

Zhejiang Tengy Environmental Technology Co., Ltd. (the ''Company'') held a meeting of the board (the ''Board'') of directors of the Company (the ''Directors'') on 26 September 2017 (the ''Meeting'').

The Meeting was presided over by Mr. Bian Yu. The convening of, and the procedures for holding, the Meeting were in compliance with relevant laws, regulations and the Company's articles of association (the ''Articles'').

RESOLUTIONS:

The Board hereby announces that, after due consideration, each of the following resolutions was approved at the Meeting:

• 1. the proposed change of the Company's independent auditor before its term of office shall expire at the conclusion of the annual general meeting for the year ending 31 December 2017, and the submission of the said proposal to the extraordinary general meeting to be convened (the ''EGM'') for consideration and approval by the Company's shareholders (the ''Shareholders'');

• 2. the proposed change of scope of operations of the Company, and the submission of the said proposal to the EGM for consideration and approval by the Shareholders;

• 3. the proposed cessation of the merger of Zhuji City Tianjie Installation Engineering Co., Ltd* (諸暨市天潔安裝工程有限公司) with the Company as duly passed at the extraordinary general meeting held on 20 September 2016, and the submission of the said proposal to the EGM for consideration and approval by the Shareholders;

• 4. the proposed nomination of Mr. CHEN Jiancheng (陳建成) for election as a non-executive Director (and, if elected, to also serve as a member of the remuneration committee of the Board) in replacement of Ms. ZHU Hong (朱紅) for the remainder of her term of office commencing on the date of the EGM and expiring on 31 May 2019, and the submission of the said proposal to the EGM for consideration and approval by the Shareholders;

• 5. the proposed amendment to the Articles, and the submission of the said proposal to the EGM for consideration and approval by the Shareholders; and

6. the convening of the EGM.

VOTING RESULTS:

For all resolutions: nine votes were cast in favour of each of the resolutions and there was no vote against or abstaining in respect of the said proposals.

By order of the Board

Zhejiang Tengy Environmental Technology Co., Ltd.

BIAN Yu

Chairman

*

For identifications only

Zhuji City, Zhejiang Province, the PRC 26 September 2017

As at the date of this announcement, the executive Directors are Mr. BIAN Yu, Mr. BIAN Weican and Ms. BIAN Shu; the non-executive Directors are Mr. BIAN Jianguang, Mr.

ZHANG Yuanyuan and Ms. ZHU Hong; and the independent non-executive Directors are Ms. TAM Hon Shan Celia, Mr. ZHANG Bing and Mr. JIANG Yan.