Concord New Energy : GRANT OF GENERAL MANDATES TO ISSUE NEW SHARES AND TO REPURCHASE SHARES RE-ELECTION OF DIRECTORS DECLARATION OF FINAL DIVIDEND CLOSURE OF REGISTER OF MEMBERS AND NOTICE OF ANNUAL GENERAL MEETING

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Concord New Energy Group Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or the transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

Concord New Energy Group Limited

協 合 新 能 源 集 團 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 182)

GRANT OF GENERAL MANDATES TO ISSUE NEW SHARES

AND TO REPURCHASE SHARES

RE-ELECTION OF DIRECTORS

DECLARATION OF FINAL DIVIDEND

CLOSURE OF REGISTER OF MEMBERS

AND

NOTICE OF ANNUAL GENERAL MEETING

A notice of the Annual General Meeting to be held at Suite 3901, 39th Floor, Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong on Friday, 16 June 2023 at 10:05 a.m. or immediately after the conclusion of the special general meeting of the Company to be held on the same day at 10:00 a.m. (whichever is later) is set out on pages AGM-1 to AGM-5 of this circular. A form of proxy for use by the Shareholders at the Annual General Meeting is enclosed. Whether or not you intend to attend the Annual General Meeting in person, please complete the form of proxy in accordance with the instructions printed thereon and return it to the branch share registrars of the Company, Tricor Tengis Limited at 17th Floor, Far East Finance Centre, No. 16 Harcourt Road, Hong Kong, as soon as practicable but in any event not less than 48 hours (i.e. not later than 10:05 a.m. on Wednesday, 14 June 2023) before the time appointed for holding the Annual General Meeting. Completion and return of the form of proxy will not preclude you from attending and voting in person at the Annual General Meeting or any adjourned meeting thereof should you so wish and in such event, the form of proxy shall be deemed to be revoked.

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Due to the constantly evolving COVID-19 pandemic situation, the Company may need to take certain precautionary measures at the venue of the AGM to ensure the safety of attendees, including (but not limited to) requiring all attendees to have body temperature check and wear face masks. In addition, no refreshments will be served at the AGM. The Company reserves the right to deny admission to the AGM venue if any person does not comply with the precautionary measures to be taken at the AGM or such person is subject to the quarantine prescribed by the Hong Kong government.

* For identification purposes only

18 May 2023

CONTENTS
	Page
Definitions	1
Letter from the Board	3
Appendix I - Explanatory Statement on the Repurchase Mandate	I-1
Notice of Annual General Meeting	AGM-1

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DEFINITIONS

In this circular, the following expressions shall have the following meanings unless the context indicates otherwise:

"Annual General Meeting"	the annual general meeting of the Company to be held at Suite
or "AGM"	3901, 39th Floor, Far East Finance Centre, 16 Harcourt Road,
	Admiralty, Hong Kong on Friday, 16 June 2023 at 10:05 a.m.
	or immediately after the conclusion of the special general
	meeting of the Company to be held on the same day at 10:00
	a.m. (whichever is later), or any adjournment thereof (or as the
	case may be)
"Board"	the board of Directors
"Bye-laws"	the bye-laws of the Company
"close associate(s)"	has the same meaning ascribed to it under the Listing Rules
"Company"	Concord New Energy Group Limited, a company incorporated
	in Bermuda with limited liability and the Shares of which are
	listed on the main board of the Stock Exchange
"core connected person(s)"	has the same meaning ascribed to it under the Listing Rules
"Directors"	the directors of the Company
"Final Dividend"	the final dividend of HK$0.035 per Share, subject to the
	approval by the Shareholders at the Annual General Meeting
"General Mandate"	a general mandate proposed to be granted to the Directors to
	exercise all the powers of the Company to allot, issue and deal
	with new Shares not exceeding 20% of the aggregate nominal
	amount of the share capital of the Company in issue as at the
	date of passing of the ordinary resolution in relation thereof
"Group"	the Company and its subsidiaries
"HK$"	Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong"	the Hong Kong Special Administrative Region of the People's
	Republic of China
"Latest Practicable Date"	12 May 2023, being the latest practicable date prior to the
	printing of this circular for ascertaining certain information
	contained herein
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
	Exchange

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	DEFINITIONS
"Repurchase Mandate"	a general mandate proposed to be granted to the Directors to
	exercise all the powers of the Company to repurchase Shares
	up to a maximum of 10% of the issued share capital of the
	Company as at the date of the Annual General Meeting
"SFO"	the Securities and Futures Ordinance (Chapter 571 of the Laws
	of Hong Kong) as amended from time to time
"Share(s)" or	the ordinary share(s) of HK$0.01 each in the share capital of
"Ordinary Share(s)"	the Company
"Shareholder(s)"	the holder(s) of the Share(s)
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Takeovers Code"	The Codes on Takeovers and Mergers and Share Buy-backs
"%"	per cent.

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LETTER FROM THE BOARD

Concord New Energy Group Limited

協 合 新 能 源 集 團 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 182)

Executive Directors:	Registered office:
Mr. Liu Shunxing (Chairman)	Clarendon House
Ms. Liu Jianhong (Vice Chairperson)	2 Church Street
Mr. Gui Kai (Chief Executive Officer)	Hamilton HM 11
Mr. Niu Wenhui	Bermuda
Mr. Zhai Feng
Ms. Shang Jia	Head office and principal place
	of business in Hong Kong:
Non-executive Director:	Suite 3901, 39th Floor
Mr. Wang Feng	Far East Finance Centre
	16 Harcourt Road
Independent non-executive Directors:	Admiralty
Mr. Yap Fat Suan, Henry	Hong Kong
Dr. Jesse Zhixi Fang
Ms. Huang Jian
Mr. Zhang Zhong
Ms. Li Yongli	18 May 2023
To the Shareholders
Dear Sir or Madam,

GRANT OF GENERAL MANDATES TO ISSUE NEW SHARES

AND TO REPURCHASE SHARES

RE-ELECTION OF DIRECTORS

DECLARATION OF FINAL DIVIDEND

AND

NOTICE OF ANNUAL GENERAL MEETING

INTRODUCTION

The purpose of this circular is to provide you with information regarding certain resolutions to be proposed at the Annual General Meeting to enable you to make decisions on whether to vote for or against those resolutions.

• For identification purposes only

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