Puxing Clean Energy : SUPPLEMENTAL PRECAUTIONARY MEASURES FOR THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON THURSDAY, 30 JULY 2020

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PUXING ENERGY LIMITED

普 星 能 量 有 限 公 司

(Formerly known as "Puxing Clean Energy Limited 普星潔能有限公司") (Incorporated in Cayman Islands with limited liability)

(Stock Code: 90)

SUPPLEMENTAL PRECAUTIONARY MEASURES FOR THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON THURSDAY, 30 JULY 2020

Reference is made to the notice of the extraordinary general meeting (the "EGM") of Puxing Energy Limited (the "Company") and the circular of the Company (the "Circular"), both dated 24 June 2020, in relation to the EGM to be held at Kowloon Room I, Mezzanine Floor, Kowloon Shangri-La, 64 Mody Road, Kowloon, Hong Kong (the "EGM Venue") on Thursday, 30 July 2020 at 10:30 a.m. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

SUPPLEMENTAL PRECAUTIONARY MEASURES FOR ATTENDANCE IN PERSON AT THE EGM VENUE

Under item 11 of Schedule 1 to the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G of the Laws of Hong Kong) (as last amended on 27 July 2020) (the "Regulation"), group gatherings of more than 20 persons for shareholders' meetings, at which no food or drink is served, are required to be accommodated in different rooms or partitioned areas of not more than 20 persons each.

Having taken into consideration the Regulation, current COVID-19 pandemic situation and the requirement to keep appropriate social distancing for the health and safety of the Shareholders and other attendees of the EGM, seats at the EGM Venue will be arranged to allow for appropriate physical distancing. As a result, there will be limited capacity at the EGM Venue to accommodate only up to 20 persons. Shareholders in excess of the limited capacity of the EGM Venue will not be admitted to the EGM Venue. Given the limited capacity of the EGM Venue and the requirements for social distancing to ensure the health and safety of the attendees of the EGM, only Shareholders (or their proxies), Directors and relevant EGM supporting staff will be allowed entry into the EGM Venue.

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Shareholders are reminded (i) to consider carefully the risk of attending the EGM, which will be held in an enclosed environment; (ii) to follow any guidelines or requirements of The Government of the Hong Kong Special Administrative Region of the People's Republic of China (the "HKSAR Government") relating to COVID-19 pandemic in deciding whether or not to attend the EGM; and (iii) not to attend the EGM if they have contracted or are suspected to have contracted COVID-19. Shareholders attending the EGM in person are expected to comply with all precautionary measures as set out in the Circular and this announcement. Any person who declines to adhere to any of the measures or cooperate with the hotel or Company staff, or is subject to any prescribed quarantine of the HKSAR Government may be denied entry into the EGM Venue or be required to leave the EGM Venue at the absolute discretion of the Company as permitted by law.

The Company would like to remind the Shareholders that no refreshments or drinks will be provided to attendees at the EGM and no corporate gifts or cake coupons will be distributed by the Company at the EGM.

By order of the Board

Puxing Energy Limited

WEI Junyong

Chairman

Hong Kong, 28 July 2020

As at the date of this announcement, the Board comprises five Directors, of whom two are executive Directors, namely Mr. Wei Junyong and Mr. Gu Genyong; and three are independent non-executive Directors, namely Mr. Tse Chi Man, Mr. Yao Xianguo and Mr. Yu Wayne W.

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