Beijing Energy International : DELAY IN DESPATCH OF CIRCULAR REGARDING DEEMED DISPOSAL OF NO MORE THAN 29.43% EQUITY INTEREST IN THE TARGET COMPANY

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 Bermuda with limited liability)

(Stock code: 686)

DELAY IN DESPATCH OF CIRCULAR

REGARDING DEEMED DISPOSAL OF NO MORE THAN 29.43%

EQUITY INTEREST IN THE TARGET COMPANY

References are made to the announcements of Beijing Energy International Holding Co., Ltd. (the "Company") dated 25 February 2021 (the "Announcement") and 9 March

2021 in relation to the deemed disposal of no more than 29.43% equity interest in United Photovoltaics (Changzhou) Investment Group Co., Ltd.*（聯合光伏（常州）投資集團有限 公司）, an indirect wholly-owned subsidiary of the Company. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the

Announcement.

As stated in the Announcement, the circular containing, among other things, details of the Capital Increase Agreement and the Equity Interest Transfer Agreement and the transactions contemplated thereunder, such other information as required under the Listing Rules and a notice of SGM was expected to be despatched to the Shareholders on or before 30 April 2021 (the "Circular").

As additional time is required for the Company to prepare and finalise certain information to be included in the Circular, the despatch of the Circular is expected to be postponed to a date on or before 31 May 2021.

For and on behalf of

Beijing Energy International Holding Co., Ltd.

Zhang Ping

Chairman of the Board

Hong Kong, 30 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Ping (Chairman), Mr. Lu Zhenwei and Mr. Xu Jianjun; the non-executive directors of the Company are Mr. Sui Xiaofeng, Mr. Zhao Bing, Mr. Li Hao and Ms. Xie Yi; and the independent non-executive directors of the Company are Mr. Kwan Kai Cheong, Mr. Yen Yuen Ho, Tony, Mr. Chen Hongsheng and Ms. Jin Xinbin.

• For the purposes of identification only