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.

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)

QUARTERLY ANNOUNCEMENT

AND

CONTINUED SUSPENSION OF TRADING

This announcement is made by China Singyes Solar Technologies Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to: (i) the announcement of the Company dated 9 May 2019 (the "Announcement") in relation to the conditions for resumption of trading in the shares of the Company (the "Shares") imposed by the Stock Exchange (the "Resumption Conditions").

Terms defined in the Announcement shall have the same meaning herein unless otherwise defined or the context otherwise require.

RESUMPTION GUIDANCE

On 9 May 2019, the Company has been notified by the Stock Exchange of the Resumption Guidance:

  1. publish all outstanding financial results required under the Listing Rules and address any audit modifications and
  2. inform the market of all material information for shareholders and investors to appraise the Company's position.
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In addition, the Stock Exchange required the Company to remedy the issues causing its trading suspension and fully comply with the Listing Rules to the Stock Exchange's satisfaction before the trading in its securities is allowed to resume and the Company was reminded of its primary responsibility to devise its action plan for resumption.

UPDATE ON RESUMPTION CONDITIONS

The Company has been cooperating with its auditors to assist them in completing the audit procedures for the year ended 31 December 2018. Following discussions with the auditors of the Company, the Board was informed that the audited report for the year ended 31 December 2018 is expected to be finalised by mid-July 2019. The Company will inform the market of all material information for shareholders and investors to appraise the Company's position.

UPDATES ON THE BUSINESS OPERATIONS ON THE GROUP

The Group is principally engaged in the design, fabrication and installation of conventional curtain walls and building integrated photovoltaic BIPV systems, and the development and operation of solar farm projects. Notwithstanding the suspension of trading in the Company's shares, the Group continued its business operations.

Since 29 March 2019 and up to the date of this announcement, there has been no major change on the business operations of the Group. During the three months ended 31 March 2019, the Group recorded unaudited revenue of RMB407 million.

CONTINUED TRADING SUSPENSION OF THE SHARES OF THE COMPANY

At the request of the Company, trading in the securities of the Company on the Stock Exchange was suspended with effect from 9:00 a.m. on 1 April 2019 pending the release of the annual results of the Company for the year ended 31 December 2018. Trading in the securities of the Company will remain suspended until further notice.

Further announcement(s) will be made by the Company to inform the shareholders and potential investors of any material development as and when appropriate.

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Shareholders and potential investors should exercise caution when dealing in the shares of the Company

By order of the Board

China Singyes Solar Technologies Holdings Limited

Liu Hongwei

Chairman

Hong Kong, 28 June 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 nonexecutive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.

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China Singyes Solar Technologies Holdings Ltd. published this content on 28 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2019 12:45:05 UTC