NOTICE OF SCHEME MEETING IN HIGH COURT OF HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE MISCELLANEOUS PROCEEDINGS NO.1882 of 2019 IN MATTER OF CHINA SINGYES SOLAR TECHNOLOGIES HOLDINGS LIMITED & IN MATTER OF SECTION 670 OF COMPANIES ORDINANCE, CHAPTER 622 OF THE LAWS OF HONG KONG & IN SUPREME COURT OF BERMUDA COMMERCIAL COURT CIVIL JURISDICTION 2019: NO.391 IN MATTER OF CHINA SINGYES SOLAR TECHNOLOGIES HOLDINGS LIMITED & IN MATTER OF SECTION 99 OF COMPANIES ACT 1981

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China Singyes Solar Technologies Holdings Limited

中國 興 業太 陽 能 技術 控 股 有 限公 司

(incorporated in Bermuda with limited liability)

(Stock Code: 750)

NOTICE OF SCHEME MEETING

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MISCELLANEOUS PROCEEDINGS NO. 1882 of 2019

IN THE MATTER OF

CHINA SINGYES SOLAR TECHNOLOGIES HOLDINGS LIMITED AND IN THE MATTER OF SECTION 670 OF THE COMPANIES ORDINANCE, CHAPTER 622 OF THE LAWS OF HONG KONG

AND

IN THE SUPREME COURT OF BERMUDA

COMMERCIAL COURT

CIVIL JURISDICTION

2019: NO. 391

IN THE MATTER OF

CHINA SINGYES SOLAR TECHNOLOGIES HOLDINGS LIMITED

AND IN THE MATTER OF SECTION 99 OF THE COMPANIES ACT 1981

Terms used in this Notice have the same meaning as in the explanatory statement dated 1 November 2019 (the "Explanatory Statement") relating to the proposed scheme of arrangement under sections 670 to 674 of the Companies Ordinance (Cap. 622) of Hong Kong between China Singyes Solar Technologies Holdings Limited (the "Company") and the Scheme Creditors (the "Hong Kong Scheme") and the proposed scheme of arrangement under section 99 of the Companies Act 1981 of Bermuda between the Company and the Scheme Creditors (the "Bermuda

Scheme").

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NOTICE IS HEREBY GIVEN that, by orders dated 31 October 2019 and 30 October 2019 (the "Orders"), the High Court of Hong Kong and the Supreme Court of Bermuda (the "Courts") have directed respectively that a meeting of Scheme Creditors (the "Scheme Meeting") of the Company be convened for the purpose of considering and, if thought fit, approving (with or without modification) the Hong Kong Scheme and the Bermuda Scheme (together the "Schemes").

The Scheme Meeting will be held at the offices of Kirkland & Ellis at 26th Floor, Gloucester Tower, the Landmark, 15 Queen's Road Central, Hong Kong at 7:00 p.m. on 25 November 2019 (Hong Kong time)/7:00 a.m. on 25 November 2019 (Bermuda time). Scheme Creditors in Bermuda will be able to dial into the Scheme Meeting via telephone conference at the office of Zuill & Co, Continental Building, 25 Church Street, Hamilton, Bermuda HM 12. All Scheme Creditors are requested to attend the Scheme Meeting at such place and time either in person (or, if a corporation, by a duly authorised representative) or by proxy.

Scheme Creditors may vote in person (or, if a corporation, appoint a duly authorised representative) or proxy to vote in their place. Notes Scheme Creditors may appoint proxies to vote at the Scheme Meeting by completing Part 2 of the Account Holder Letter and DB Creditors may appoint proxies to vote at the Scheme Meeting by completing Part 2 of the Notice of Claim.

The Notes Trustee has undertaken not to vote in respect of the Notes at the Scheme Meeting.

Each Scheme Creditor (or, if a corporation, its duly authorised representative) or proxy will be required to register its attendance at the Scheme Meeting prior to the commencement of the Scheme Meeting. Registration in respect of the Scheme Meeting will commence no later than one hour before the scheduled start time of 7:00 p.m. (Hong Kong time) on the date of the Scheme Meeting and each Scheme Creditor (or, if a corporation, its duly authorised representative) or proxy must be registered prior to the commencement of the meeting.

In order to vote on the Schemes and attend the Scheme Meeting (in person (or, if a corporation, by a duly authorised representative) or by proxy), a Scheme Creditor must ensure that an Account Holder Letter or Notice of Claim (in the case of a DB Creditor) is completed and lodged with the Information Agent in accordance with the instructions set out in the Solicitation Packet by no later than 10:00 p.m. on 21 November 2019 (Hong Kong time)/10:00 a.m. on 21 November 2019 (Bermuda time).

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The Record Time for the Schemes is 10:00 p.m. on 21 November 2019 (Hong Kong time)/10:00 a.m. on 21 November 2019 (Bermuda time).

Copies of the Hong Kong Scheme, the Bermuda Scheme, the Explanatory Statement and the Solicitation Packet (this will include the Account Holder Letter and Notice of Claim) are available to download from the Scheme Website (www.lucid-is.com/singyes) subject to entering a valid password. Passwords may be obtained by contacting the Information Agent (Attention: Oliver Slyfield/Victor Parzyjagla at [e-mail]).

Printed copies of the Hong Kong Scheme, the Bermuda Scheme, the Explanatory Statement and the Solicitation Packet (this will include the Account Holder Letter and Notice of Claim) can be obtained free of charge by Scheme Creditors from 9:00 a.m. to 5:00 p.m. (Hong Kong time) on any day (other than Saturdays, Sundays or statutory holidays in Hong Kong) prior to the day appointed for the Scheme Meeting, from Kirkland & Ellis at 26th Floor, Gloucester Tower, the Landmark, 15 Queen's Road Central, Hong Kong and from 9:00 a.m. to 5:00 p.m. (Bermuda time) on any day (other than Saturdays, Sundays or statutory holidays in Bermuda) prior to the day appointed for the Scheme Meeting, from Zuill & Co. at Continental Building, 25 Church Street, Hamilton, Bermuda HM 12.

By the Orders, the Courts appointed Ms. Wenchen Tang of Kirkland & Ellis or, failing her, Mr. Damien Coles of Kirkland & Ellis or, failing either of them, Mr. Alec Tracy of Admiralty Harbour Capital Limited to act as Chairperson of the Scheme Meeting and directed the Chairperson to report the results of the Scheme Meeting to the Courts.

The Schemes will be subject to the subsequent approval of the Courts and to the fulfilment or waiver (as applicable) of the conditions of the Schemes as set out in the Explanatory Statement.

The petition seeking sanction of the Hong Kong Scheme shall be heard at 10:00 a.m. (Hong Kong time) on 5 December 2019/10:00 p.m. (Bermuda time) on 4 December 2019. The petition seeking sanction of the Bermuda Scheme shall be heard at 9:30 p.m. (Hong Kong time) on 4 December 2019/9:30 a.m. (Bermuda time) on 4 December 2019. All Scheme Creditors are entitled to attend that sanction hearing in Hong Kong and Bermuda in person or through counsel to support or oppose the sanctioning of either of the Schemes.

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For further information please contact:

1. the Information Agent on [phone] or by email to [e-mail]; or
2. the Chairperson by email to [e-mail].

By order of the Board

China Singyes Solar Technologies Holdings Limited

Liu Hongwei

Chairman

Hong Kong, 1 November 2019

As at the date of this announcement, the executive Directors are Mr. Liu Hongwei (Chairman), Mr. Xie Wen and Mr. Xiong Shi, the non-executive Directors are Dr. Li Hong and Mr. Zhuo Jianming, and the independent non-executive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.

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