China Singyes Solar Technologs Hldgs : Announcements and Notices - Adjustment to Conversion Price of RMB930 Million 5% Usd Settled Convertible Bonds Due 2019

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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)

RMB930 million 5% USD settled convertible bonds due 2019

(Stock code: 5790)

ADJUSTMENT TO CONVERSION PRICE OF RMB930 MILLION

5% USD SETTLED CONVERTIBLE BONDS DUE 2019

Reference is made to the announcements of China Singyes Solar Technologies Holdings Limited (the "Company") dated 16 July 2014 and 8 August 2014 (the "Announcements") in relation to the issue of the Convertible Bonds. The Convertible Bonds are listed on The Stock Exchange of Hong Kong Limited. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

Reference is also made to the announcement of the Company dated 4 June 2018 in relation to the poll results of the annual general meeting (the "AGM") held on the same date. At the AGM, the declaration of a final dividend of HK$0.03 per Share for the year ended 31 December 2017 (the "Final Dividend") was approved.

Notice is given that, pursuant to the provisions on adjustments to the Conversion Price as stated in the terms and conditions of the Convertible Bonds, the Board of the Company announces that the Conversion Price has been adjusted from HK$15.41 to HK$15.26 per Conversion Share (the "Adjustment") as a result of the approval of the Final Dividend. The Adjustment takes effect from 12 June 2018 which is immediately after such record date for the determination of entitlement of the shareholders of the Company to the Final Dividend, in accordance with the terms and conditions of the Convertible Bonds. All other terms of the Convertible Bonds remain unchanged.

As at the date of this announcement, the aggregate outstanding nominal amount of the Convertible Bonds are RMB96,000,000, which are convertible into 7,778,142 Shares before the Adjustment and 7,852,514 Shares after the Adjustment.

By order of the Board

China Singyes Solar Technologies Holdings Limited

Liu Hongwei

Chairman

Hong Kong, 11 June 2018

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. Cao Zhirong, and the independent nonexecutive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.