Jilin Province Chuncheng Heating : ANNOUNCEMENT - PROPOSED ELECTION OF SUPERVISORS OF THE SECOND SESSION OF THE SUPERVISORY COMMITTEE

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Jilin Province Chuncheng Heating Company Limited*

Λ؍޲݆۬ᆠɢٰ΅Ϟࠢʮ̡

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

(Stock code: 1853)

ANNOUNCEMENT

PROPOSED ELECTION OF SUPERVISORS OF

THE SECOND SESSION OF THE SUPERVISORY COMMITTEE

The board (the "Board") of directors (the "Directors") of Jilin Province Chuncheng Heating Company Limited* (Λ؍޲݆۬ᆠɢٰ΅Ϟࠢʮ̡) (the "Company") announces that the term of office of the first session of the supervisory committee (the "Supervisory Committee") of the Company will expire upon the conclusion of the annual general meeting (the "AGM") of the Company to be held for the year 2020.

In accordance with the relevant laws and regulations and the articles of association of the Company, the Supervisory Committee has proposed that the second session of the Supervisory Committee shall consist of three supervisors (the "Supervisors") of the Company, comprising two shareholder representative Supervisors and one employee representative Supervisor. The shareholder representative Supervisors shall be subject to approval by the shareholders (the "Shareholders") of the Company at the AGM and the staff representative Supervisor shall be appointed at an employee representative meeting of the Company.

Upon recommendation from the controlling shareholder (as defined in the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of the Company, Changchun Heating Power (Group) Company Limited* (ڗ݆̹ᆠɢ(ණྠ )Ϟࠢப΂ʮ̡) ("Changchun Heating Group"), and nomination from the Supervisory Committee, it is proposed that Mr. Qiu Jianhua (ʤܔശ) ("Mr. Qiu") be appointed as one of the shareholder representative Supervisors of the second session of the Supervisory Committee, subject to approval by the Shareholders at the AGM. Mr. Wang Fenghua (ˮࠬശ) ("Mr. Wang"), being a shareholderrepresentative Supervisor of the first session of the Supervisory Committee, will cease to be a Supervisor upon the approval of the appointment of Mr. Qiu as a Supervisor at the AGM. Upon the recommendation from Changchun State-owned Capital Investment and Operating Group Co., Ltd.* (ڗ݆̹਷Ϟ༟͉ҳ༟༶ᐄ(ණྠ )Ϟࠢʮ̡) ("Changchun SCIO Group") as a Shareholder and the nomination of the Supervisory Committee, it is proposed that Ms. Zhang Wei (ੵၪ) ("Ms. Zhang") be re-elected as a shareholder representative Supervisor of the second session of the Supervisory Committee, subject to approval by the Shareholders at the AGM. Ms. Li Xiaoling (ҽወޛ) ("Ms. Li") has been re-elected as the employee representative Supervisor of the second session of the Supervisory Committee at an employee representatives' meeting of the Company. The second session of the Supervisory Committee will comprise Mr. Qiu, Ms. Zhang and Ms. Li, subject to the Shareholders' approval as aforesaid.

In accordance with the relevant provisions of the Company Law of the People's Republic of China (the "PRC") and the articles of association of the Company, all Supervisors of the first session of the Supervisory Committee shall continue to perform their duties as Supervisors in accordance with the applicable laws and regulations until the election of the members of the second session of the Supervisory Committee becomes effective.

Mr. Wang has confirmed that he has no disagreement with the Board and the Supervisory Committee, and there is no other matter in respect of his proposed cessation to be a Supervisor that needs to be brought to the attention of the Shareholders.

The Company would like to express its gratitude to Mr. Wang for his valuable contribution to the Company during his tenure of service.

Biographical details of Mr. Qiu, Ms. Zhang and Ms. Li

Mr. Qiu Jianhua

Mr. Qiu Jianhua, aged 55, has served in various positions in Changchun Heating Group, the controlling shareholder of the Company, including as coordinator of the production planning section from August 1987 to November 1992, section officer of the personnel department from November 1992 to May 1994, deputy chief of the operation department from May 1994 to June 1998, chief of the operation department and manager of the debt collection business from June 1998 to March 2004 and chief of the general operation and planning department from March 2004 to May 2011. He was promoted to the position of assistant general manager of Changchun Heating Group from May 2011 to December 2014 and has been the deputy general manager of Changchun Heating Group since December 2014. Mr. Qiu graduated from Jilin Institute of Chemical Technology (Λ؍ʷ ʈኪࣧ) in July 1987 majoring in chemical machinery and obtained a bachelor's degree in electromechanical integration from Jilin University of Technology (Λ؍ʈุɽኪ) in January 1993. In January 2007, Mr. Qiu was accredited as a senior engineer in heating equipment and heat supply network management by the Jilin Department of Personnel*

(Λ؍޲ɛԫᝂ).

If the proposed appointment of Mr. Qiu as a Supervisor is approved at the AGM, his term of office will commence from the date of the AGM to the conclusion of the second session of the Supervisory Committee. Mr. Qiu will not be entitled to any emolument for acting as a Supervisor.

Save as disclosed above, Mr. Qiu has confirmed that he does not hold any other positions in the Company or its subsidiaries, has not held any directorship in any listed companies in Hong Kong or overseas in the past three years, and does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Qiu does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

Save as disclosed above, there is no other information relating to Mr. Qiu that requires to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there is no other matter in respect of his proposed appointment that needs to be brought to the attention of the Shareholders.

Ms. Zhang Wei

Ms. Zhang Wei, aged 40, is a shareholder representative Supervisor. She was appointed as a Supervisor on 30 December 2020. She is qualified as an attorney-at-law of the PRC in 2016. Ms. Zhang worked at Golden Reason Law Firm (Λ؍͍ਿܛࢪԫਕה) from January 2008 to October 2017 and from September 2016 as a practicing attorney. Since January 2018, she has been acting as the general counsel of Changchun SCIO Group. Ms. Zhang obtained her bachelor's degree in law from Northeast Normal University (؇ ̏ࢪᇍɽኪ), the PRC in 2003 and her master's degree in civil law and commercial law from Jilin University (Λ؍ɽኪ), the PRC, in 2007.

If the proposed re-election of Ms. Zhang as a Supervisor is approved at the AGM, her term of office will end on the conclusion of the second session of the Supervisory Committee. Ms. Zhang will not be entitled to any emolument for acting as a Supervisor.

Save as disclosed above, Ms. Zhang has confirmed that she does not hold any other positions in the Company or its subsidiaries, has not held any directorship in any listed companies in Hong Kong or overseas in the past three years, and does not have any relationship with any directors, senior management or substantial shareholders or controlling shareholders of the Company. Ms. Zhang does not have any interest in the shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no other information relating to Ms. Zhang that needs to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there is no other matter in respect of her re-election that needs to be brought to the attention of the Shareholders.

Ms. Li Xiaoling

Ms. Li Xiaoling, aged 37, is the employee representative Supervisor. She was appointed as a Supervisor on 30 May 2018. Ms. Li worked successively as technician in the technical department from July 2006 to April 2008, mainly responsible for maintaining and operating the office automation system, archivist at the general manager office from April 2008 to May 2009, mainly responsible for managing the archives, back office administrator of the human resources department from May 2009 to October 2016, mainly responsible for training and management of technicians, assistant of the head of human resources department from October 2016 to July 2017, mainly responsible for human resources provision and staff training, and deputy head of human resources department from July 2017 to May 2018, mainly responsible for human resources management at Changchun Heating Group. From May 2018 to November 2019, Ms. Li worked as the deputy head of human resources department at the Company. Since November 2019, Ms. Li has been serving as the deputy head of securities department (taking charge of work), mainly responsible for securities management.

Ms. Li graduated with a bachelor's degree in computer science and technology from Changchun University of Technology (ڗ݆ʈุɽኪ) in Jilin Province, the PRC, in July 2006.

The term of office of Ms. Li as a Supervisor will end on the conclusion of the second session of the Supervisory Committee. Ms. Li will not be entitled to any emolument for acting as a Supervisor.

Save as disclosed above, Ms. Li has confirmed that she does not hold any other positions in the Company or its subsidiaries, has not held any directorship in any listed companies in Hong Kong or overseas in the past three years, and does not have any relationship with any directors, senior management or substantial shareholders or controlling shareholders of the Company. Ms. Li does not have any interest in the shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no other information relating to Ms. Li that needs to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there is no other matter in respect of her re-election that needs to be brought to the attention of the Shareholders.

GENERAL

A circular containing, among others, details of the proposed election of the Shareholder representative Supervisors of the second session of the Supervisory Committee, together with the notice of the AGM, will be despatched to the Shareholders in due course.

By order of the Board

Jilin Province Chuncheng Heating Company Limited*

LIU Changchun

Chairman

Jilin, the PRC, 26 March 2021

As at the date of this announcement, the non-executive Director is Mr. Liu Changchun (Chairman); the executive Directors are Mr. Yang Zhongshi, Mr. Shi Mingjun, Mr. Xu Chungang and Mr. Li Yeji; and the independent non-executive Directors are Mr. Wang Yuguo, Mr. Fu Yachen and Mr. Poon Pok Man.

*For identification purpose only