CECEP COSTIN New Materials : DELAY IN PUBLICATION OF INTERIM RESULTS AND DELAY IN DESPATCH OF INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2020

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CECEP COSTIN NEW MATERIALS GROUP LIMITED

(IN PROVISIONAL LIQUIDATION)

中 國 節 能 海 東 青 新 材 料 集 團 有 限 公 司 （ 臨 時 清 盤 中 )

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2228)

DELAY IN PUBLICATION OF INTERIM RESULTS

AND DELAY IN DESPATCH OF INTERIM REPORT

FOR THE SIX MONTHS ENDED 30 JUNE 2020

Financial Adviser to the Company

With the outbreak of the COVID-19, the board of directors of CECEP COSTIN New Materials Group Limited (In Provisional Liquidation) (the "Company") hereby announces that additional time is required to complete the preparation of the consolidated financial statements of the Company for the six months ended 30 June 2020 (the "Interim Results"). It is expected that the publication of the announcement of the Interim Results and the interim report of the Company for the six months ended 30 June 2020 (the "Interim Report") shall have to be delayed.

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The delay in publication of the Interim Results and despatch of the Interim Report will constitute a breach of Rule 13.49(6) and Rule 13.48(1) of Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. The Company will use its best endeavours to finalise and publish the Interim Results as well as the Interim Report as soon as possible. Further announcement will be published by the Company as and when appropriate.

For and on behalf of

CECEP COSTIN New Materials Group Limited

(In Provisional Liquidation)

Man Chun So

Yat Kit Jong

Simon Conway

Joint Provisional Liquidators

Acting as agents without personal liability

Hong Kong, 31 August 2020

As at the date of this announcement, the board of directors comprises one executive director, Ms. Yang Jian Hui and two independent non-executive Directors, Mr. Fan Tak Wah and Mr. Kelvin Kin-Cheong Ho.

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