China Singyes Solar Technologs Hldgs : Announcements and Notices - Appointment of Executive Director

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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) APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Xiong Shi has been appointed as an executive Director with effect from 1 December 2017.

The board (the "Board") of directors (the "Directors") of China Singyes Solar Technologies Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that Mr. Xiong Shi ("Mr. Xiong") has been appointed as an executive Director and a member of Remuneration Committee with effect from 1 December 2017.

Mr. Xiong, aged 54, joined the Group in August 1995, and has been responsible for the research and development of technology and construction of enterprise culture. He has more than 13 years' experience in the solar photovoltaic application sector and more than 16 years' experience in the curtain wall engineering sector. From November 2001, Mr. Xiong assumed the position of Chief Engineer of Zhuhai Singyes Green Building Technology Co., Ltd. ("Zhuhai Singyes") until August 2007. Prior to joining our Group, Mr. Xiong was the manager of the safety glass quality testing department at Zhuhai Singyes from 1988 to 1995. He also worked as a technical officer at a state-owned glass manufacturing enterprise, Xiangfan City Glass Factory, from 1986 to 1988. Mr. Xiong was certified as a Level 1 Project Manager by the PRC Ministry of Construction in December 2000. He was further certified as a senior engineer in respect of construction materials by the Guangdong Province Personnel Bureau in December 2001. In December 2007, Mr. Xiong was also registered as a Level 1 Constructor by the PRC Ministry of Construction. Mr. Xiong obtained a bachelor's degree in engineering from Wuhan Industrial University, now known as Wuhan University of Technology, majoring in inorganic materials engineering in July 1986 and further obtained a EMBA degree from Sun Yat-sen University in 2003. Mr. Xiong is currently the president of Zhuhai Building Energy Conservation Association, the council member of Zhuhai New Energy Smart Grid Industry Alliance Association, and the expert of Zhuhai Construction Bid Evaluation Database.

Mr. Xiong has entered into an appointment agreement with the Company for a term of three years, which may be terminated by either party giving three months' written notice to the other party. He is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the bye-laws of the Company and as required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"). Pursuant to the terms of the appointment agreement, Mr. Xiong is entitled to a director's fee of RMB120,000 per annum. The remuneration of Mr. Xiong is determined by the Board and the Remuneration Committee of the Company with reference to his duties and responsibilities with the Company and the prevailing market conditions.

Mr. Xiong currently is a holder of 185,000 shares of the Company and he also owns 10% interests in Strong Eagle Holdings Ltd., which is currently holding around 37% share capital of the Company. He is also a holder of 40,175 share options to subscribe 40,175 shares of the Company.

Save as disclosed in this announcement, Mr. Xiong confirms that: (i) he does not hold any other positions with the Company or its subsidiaries; (ii) he has not held any directorship in the three years immediately preceding the date of this announcement in public companies the securities of which are listed on any securities market in Hong Kong or overseas; (iii) he does not have any other interests in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and (iv) he does not have any relationship with any Director, senior management, substantial or controlling shareholders of the Company.

Other than the above, the Board is not aware of any matters in relation to the appointment of Mr. Xiong that needs to be brought to the attention of the shareholders of the Company or any information that should be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules.

Mr. Xiong has confirmed that there is no matter that needs to be brought to the attention of the shareholders of the Company in respect of his appointment as the executive Director.

The Board would like to extend its welcome to Mr. Xiong on his new appointment.

By order of the Board of

China Singyes Solar Technologies Holdings Limited Liu Hongwei

Chairman

Hong Kong, 4 December 2017

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 non-executive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Zhong Jishou.