Sino Energy International : UPDATE ON LEGAL PROCEEDINGS

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

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1096)

UPDATE ON LEGAL PROCEEDINGS

Reference is made to the announcements of Sino Energy International Holdings Group Limited (the "Company") dated 23 July 2019, 14 August 2019, 11 September 2019 and 9 October 2019 in relation to, among other things, legal proceedings. Capitalised terms used in this announcement shall adopt the same meanings as defined in the Company's announcement dated 23 July 2019, unless the context requires otherwise.

At the court hearing on 4 December 2019, the Court ordered that the Petition be adjourned to 9:30 a.m. on 8 January 2020 for another hearing. Further, on 29 November 2019, the Company has obtained a validation order that any transfer of the Company's shares shall not be void by virtue of section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. Further announcement will be made as and when appropriate.

Shareholders and potential investors should accordingly exercise caution when dealing in the securities of the Company.

By order of the board of

Sino Energy International Holdings Group Limited

Chen Jianbao

Chairman

Hong Kong, 4 December 2019

As at the date of this announcement, the executive Directors are Mr. Chen Jianbao, Ms. Cai Xiuman, Mr. Zhang Wenbin, Mr. Wang Qingshan and Mr. Zhu Tianxiang; and the independent non-executive Directors are Mr. Chen Jinzhong, Roy, Mr. Wang Xianzhang and Mr. Chai Chung Wai.