Beijing Energy International : NOTICE OF SPECIAL GENERAL MEETING

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.

(Incorporated in Bermuda with limited liability)

(Stock code: 686)

NOTICE OF SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT the special general meeting (the ''Meeting'') of Beijing Energy International Holding Co., Ltd. (the ''Company'') will be held at Room 1811, 18/F., Building 5, No. 9 Courtyard, Guang'an Road, Fengtai District, Beijing, PRC and via video conference set up at the principal place of business of the Company in Hong Kong at Unit 1012, 10/F., West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong on Wednesday, 31 March 2021 at 11:00 a.m., for the purpose of considering and, if thought fit, passing with or without modification or amendment the following purpose:

ORDINARY RESOLUTIONS

''THAT:

1. (a) the Sale and Purchase Agreement (as defined in the circular of the Company dated 12 March 2021 (the ''Circular'')), a copy of which is marked ''A'' and initialled by the Chairman of the Meeting for the purpose of identification, the terms and the transactions contemplated thereunder as set out in the Circular be and are hereby approved, confirmed and ratified; and

• (b) any one of the directors of the Company be and is hereby authorised for and on behalf of the Company to take any action and execute such further documents as he or she considers necessary, desirable or expedient to carry out or give effect to or otherwise in connection with the Sale and Purchase Agreement.''

• 2. ''THAT Mr. Zhao Bing be re-elected as a non-executive director of the Company and the board of directors of the Company be authorised to fix his remuneration.''

For and on behalf of

Beijing Energy International Holding Co., Ltd.

Zhang Ping

Chairman of the Board

Hong Kong, 12 March 2021

Notes:

• 1. To facilitate shareholders of the Company (the ''Shareholders'') attending the Meeting, electronic facilities will be set up at the principal place of business of the Company in Hong Kong at Unit 1012, 10/F., West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong (the ''Hong Kong Venue'') where Shareholders or his/her/its proxies may participate in the Meeting, and communicate with other attendees of the Meeting through such electronic facilities in a real and timely manner. Shareholders or his/her/its proxies can also cast their votes at Hong Kong Venue in person.

• 2. Precautionary measures for the Meeting

  In view of the ongoing novel coronavirus disease (''COVID-19'') pandemic, the Company will implement the following precautionary measures at the Meeting venue and the Hong Kong Venue for the sake of health and safety of our Shareholders, Directors, staff, stakeholders and other participants, including, without limitation:

  • 1) Compulsory temperature checks

  • 2) Filling and submission of health declaration form

  • 3) Wearing of surgical face mask

  • 4) No refreshments or drinks will be provided

  Any person who does not comply with the precautionary measures referred to items no.(1) to (3) above, with body temperature above 37.2 degree Celsius, has any of the symptoms stated in the health declaration form or is subject to any Hong Kong Government prescribed quarantine (in the case of attending Hong Kong Venue), may be denied entry into the Meeting venue or Hong Kong Venue. The Company encourages Shareholders to appoint the chairman of the Meeting as their proxy to vote according to their indicated voting instructions on the relevant resolutions at the Meeting as an alternative to attending the Meeting in person to exercise their voting rights at the Meeting. The Company will continue to review the COVID-19 pandemic situation and may implement further precautionary measures and may make relevant adjustments and arrangements for the Meeting accordingly. Further announcement will be issued as and when appropriate.

• 3. For the purpose of determining the entitlement for attending and voting at the Meeting, the register of members of the Company will be closed from Friday, 26 March 2021 to Wednesday, 31 March 2021 (both days inclusive), during which period no transfer of shares of the Company will be registered. In order to be qualified for attending and voting at the Meeting, all transfers of shares accompanied by the relevant share certificates must be lodged at the Company's branch share registrar and transfer office in Hong Kong, Union Registrars Limited, Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong for registration not later than

• 4:00 p.m. on Thursday, 25 March 2021.

• 4. A member entitled to attend and vote at the Meeting is entitled to appoint one or, if he holds two or more shares, more than one proxy to attend and, subject to the provisions of the bye-laws of the Company, to vote on his behalf. A proxy need not be a member of the Company but must be present in person at the Meeting to represent the member. If more than one proxy is so appointed, the appointment shall specify the number of shares in respect of which each such proxy is so appointed.

• 5. Whether or not you intend to attend the Meeting in person, you are encouraged to complete and return the form of proxy in accordance with the instructions printed thereon. Completion and return of a form of proxy will not preclude a member from attending in person and voting at the Meeting or any adjournment thereof, should he/she/it so wish. In such event, the instrument appointing such a proxy shall be deemed to be revoked.

• 6. To be valid, a form of proxy, together with the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power of attorney or authority, must be lodged at the Company's branch share registrar and transfer office in Hong Kong, Union Registrars Limited at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong, not less than 48 hours before the time fixed for holding of the Meeting or any adjournment thereof.

• 7. In the case of joint holders of shares, any one of such holders may vote at the Meeting, either in person or by proxy, in respect of such share as if he/she/it was solely entitled thereto, but if more than one of such joint holders are present at the Meeting, the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holders, and for this purpose seniority shall be determined by the order in which the names stand in the register of members of the Company in respect of the joint holding.

• 8. Votes on the ordinary resolutions set out herein and are to be passed at the Meeting will be taken by way of poll.

• 9. If Tropical Cyclone Warning Signal No.8 or above, black rainstorm warning or extreme conditions caused by super typhoons is in effect in Hong Kong after 8:00 a.m. on the date of the Meeting, the Meeting will be postponed. The Company will post an announcement on the website of the Company athttp://www.bjei.comand on the website of The Stock Exchange of Hong Kong Limited athttp://www.hkexnews.hkto notify shareholders of the date, time and place of the rescheduled meeting.

• 10. As at the date hereof, the Board comprises:

Executive Directors:

Mr. Zhang Ping (Chairman) Mr. Lu Zhenwei

Mr. Xu Jianjun

Non-executive Directors: Mr. Sui Xiaofeng

Mr. Zhao Bing Mr. Li Hao

Ms. Xie Yi

Independent Non-executive Directors: Mr. Kwan Kai Cheong

Mr. Yen Yuen Ho, Tony Mr. Chen Hongsheng Ms. Jin Xinbin