China Solar Energy : HOLDING ANNOUNCEMENT RELATING TO ENTERING INTO OF SUPPLEMENTAL AGREEMENT

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CHINA SOLAR ENERGY HOLDINGS LIMITED

中國源暢光電能源控股有限公司*

(Provisional Liquidators Appointed) (Incorporated in Bermuda with limited liability) (Stock Code: 155) HOLDING ANNOUNCEMENT RELATING TO ENTERING INTO OF SUPPLEMENTAL AGREEMENT

This announcement is made by China Solar Energy Holdings Limited (Provisional Liquidators Appointed) (the "Company") pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance.

Reference is made to the announcements of the Company dated 22 December 2015, 12 February 2016, 19 February 2016, 18 March 2016, 25 May 2016, 31 May 2016 and 26 August 2016 relating to, among others, the listing status of the Company and the announcement of the Company dated 5 September 2016 relating to, among others, the entering into of the Sale and Purchase Agreement and the Restructuring Agreement ("Announcements"). Capitalized terms used herein shall have the same meaning as those defining in the Announcements unless specified otherwise.

On 30 November 2016, the Company, Excel Deal, the Provisional Liquidators, the Investor and Mr. Cheung Shun Yee (張順宜), as the Investor's guarantor entered into a supplemental agreement ("Supplemental Agreement") to supplement the Restructuring Agreement. Pursuant to the Supplemental Agreement, among other things, (i) the Investor has agreed to pay the Vendor the deposit ("Acquisition Deposit") of consideration under the Sale and Purchase Agreement and provide a term loan facility not exceeding HK$10,000,000 ("Facility") for settlement of professional fees incurred by the Company or Excel Deal in relation to the resumption proposal of the Company; (ii) the Acquisition Deposit and the aggregate amount of the loans made under the Facility then outstanding together with the interest accrued thereon (the "Facility Outstanding") shall constitute advance part payment of the consideration for subscription of new Shares by the Investor under the Restructuring Agreement; and (iii) the Company has agreed to charge the entire issued share capital in Excel Deal in favour of the Investor as security for repayment of the Acquisition Deposit and the Facility Outstanding.

The obligations of the parties under the Supplemental Agreement do not arise until after the date on which the High Court gives permission or liberty for the Company and/or the Provisional Liquidators to enter into the Supplemental Agreement, or confirms that such permission or liberty is not required.

Since the Sale and Purchase Agreement, the Restructuring Agreement and the Supplemental Agreement are subject to a number of conditions which may or may not be satisfied, the Sale and Purchase Agreement, the Restructuring Agreement, the Supplemental Agreement and the transactions contemplated thereunder may or may not proceed. Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company. Further announcement(s) on major development of the Sale and Purchase Agreement, the Restructuring Agreement and the Supplemental Agreement will be made by the Company as and when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange was suspended with effect from 1:00 p.m. on 16 August 2013 and will remain suspended until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

For and on behalf of

China Solar Energy Holdings Limited (Provisional Liquidators Appointed) Stephen Liu Yiu Keung and Andrew Koo Chi Ho

Joint and Several Provisional Liquidators

Hong Kong, 5 December 2016

As at the date of this announcement, the Board comprises Ms. Lam Po Ling Pearl, Mr. Xie Xin Ye and Ms. Yu Kwo as executive Directors.

* For identification purposes only