China Oriental : VOLUNTARY ANNOUNCEMENT ON TANGSHAN PRODUCTION RESTRICTION

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CHINA ORIENTAL GROUP COMPANY LIMITED 中國東方集團控股有限公司*

(incorporated in Bermuda with limited liability)

(Stock code：00581)

VOLUNTARY ANNOUNCEMENT

ON TANGSHAN PRODUCTION RESTRICTION

This is a voluntary announcement made by China Oriental Group Company Limited (the "Company", together with its subsidiaries, the "Group") to inform its shareholders of the latest business development of the Group.

In compliance with the production control measures under the "Notice on the Submission of Production Restriction and Emission Reduction Measures for Enterprises in the Iron and Steel Industry"* (《關於報送鋼鐵行業企業限產減排措施的通知》) dated 19 March 2021 issued by the Office of the Steering Group for the Prevention and Control of Air Pollution in Tangshan City* (唐山市大氣污染防治工作領導小組辦公室), Hebei Jinxi Iron and Steel Group Company Limited ("Jinxi Limited", a 97.6% indirectly owned subsidiary of the Company) has to restrict the production by 30% from 20 March 2021 to 31 December 2021 (the "Production Control").

The Group will perform social responsibility earnestly, respond to the calls of government departments proactively, and implement the related control measures firmly and thoroughly. Concurrently, the Group is preparing reasonable and practicable optimization proposals internally to ensure that impacts of the Production Control would be kept to a minimum, facilitate the production and operation of the Group in a stable and orderly manner and make proactive contribution to environmental protection.

The Company will provide its shareholders and potential investors with further update whenever it is necessary.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

China Oriental Group Company Limited

HAN Jingyuan

Chairman and Chief Executive Officer

Hong Kong, 22 March 2021

As at the date of this announcement, the Board of Directors of the Company comprises Mr. HAN Jingyuan, Mr. ZHU Jun, Mr. SHEN Xiaoling, Mr. HAN Li and Mr. Sanjay SHARMA being the Executive Directors, Mr. Ondra OTRADOVEC and Mr. ZHU Hao being the Non-executive Directors and Mr. WONG Man Chung, Francis, Mr. WANG Tianyi, Mr. WANG Bing and Dr. TSE Cho Che, Edward being the Independent Non-executive Directors.

This announcement is published on the websites of the Company (www.chinaorientalgroup.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk).

*For identification purposes only