Tianjin Capital Environmental Protection : ANNOUNCEMENT RELATING TO THE APPROVAL OF NON-PUBLIC ISSUANCE OF A SHARES BY TIANJIN SASAC

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

(Stock Code: 1065)

ANNOUNCEMENT RELATING TO THE APPROVAL OF NON-PUBLIC

ISSUANCE OF A SHARES BY TIANJIN SASAC

Reference is made to the announcement of Tianjin Capital Environmental Protection Group Company Limited (the "Company") dated 13 July 2020, in relation to, among other things, the proposed non-public issuance of A shares and connected transaction relating to the proposed subscription of A shares by the controlling shareholder; and the circular dated 21 August 2020 (the "Circular"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Circular.

On 28 August 2020, Tianjin Investment Group, the ultimate controlling shareholder of the Company, received "Approval Relating To The Proposed Non-Public Issuance of A Shares of

Tianjin Capital Environmental Protection Group Company Limited from Tianjin SASAC" (Jin Guo Zi Chan Quan [2002] No.32)* 《( 市國資委關於創業環保擬非公開發行A股股票有關事項的批 覆》（津國資產權[2020]32號）) issued by the State-ownedAssets Supervision and Administration Commission of the Tianjin Municipal People's Government ("Tianjin SASAC"), on which Tianjin

SASAC agreed with the proposal of the Non-public Issuance of A Shares of the Company in 2020 in principle.

The Non-public Issuance of A shares is subject to the consideration and the obtaining of the approval of Shareholders at EGM and Class Meetings and the obtaining of the approval from the CSRC. The Company will perform its obligation of information disclosure in a timely manner according to the progress of the above matter. Therefore, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Chairman

Liu Yujun

Tianjin, the PRC

28 August 2020

As at the date of this Announcement, the Board comprises three executive Directors: Mr. Liu

Yujun, Ms. Wang Jing and Mr. Niu Bo; two non-executive Directors: Mr. Gu Wenhui and Mr. Si

Xiaolong; and three independent non-executive Directors: Mr. Di Xiaofeng, Mr. Guo Yongqing and Mr. Wang Xiangfei.

• For identification purpose only