China New Energy Limited announced that the Company is required to: (i) publish the 2021 Final Results on a date not later than three months after the end of the financial year, i.e. not later than 31 March 2022; and (ii) send the 2021 Annual Report to its shareholders not later than four months after the end of the financial year, i.e. not later than 30 April 2022. The Company wishes to inform its shareholders that as the publication of the 2020 Final Results and the 2021 Interim Results is still pending, the publication of the 2021 Final Results has been delayed. It is also expected that the despatch of the 2021 Annual Report will be delayed beyond April 2022.

The Board acknowledges that the delay in the publication of the 2021 Final Results and the possible delay in despatch of the 2021 Annual Report constitute non-compliance of Rules 13.49(1) and 13.46(2)(a) of the Listing Rules, respectively. Upon discussion with the auditor of the Company, the Company anticipates that the 2021 Final Results and the 2021 Annual Report should be able to be published by end of May 2022 and by end of June 2022, respectively.