Dynagreen Environmental Protection : ANNOUNCEMENT ON THE REVIEW AND APPROVAL BY ISSUANCE EXAMINATION COMMITTEE OF CHINA SECURITIES REGULATORY COMMISSION FOR THE NON-PUBLIC ISSUANCE OF A SHARES

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綠 色 動 力 環 保 集 團 股 份 有 限 公 司

Dynagreen Environmental Protection Group Co., Ltd.*

(a joint stock limited liability company incorporated in the People's Republic of China)

（Stock Code: 1330）

ANNOUNCEMENT ON THE REVIEW AND APPROVAL

BY ISSUANCE EXAMINATION COMMITTEE OF CHINA SECURITIES REGULATORY COMMISSION FOR THE NON-PUBLIC ISSUANCE OF A SHARES

References are made to (i) the announcement of Dynagreen Environmental Protection Group Co., Ltd.* (綠色動力環保集團股份有限公司) (the "Company") dated 29 May 2020; (ii) the circular of the Company dated 11 June 2020 (the "Circular"), and (iii) the announcement of the poll results of the extraordinary general meeting and the class meetings of the Company dated 29 June 2020 in relation to, amongst other things, the Revised Proposed Non-public Issuance of A Shares. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.

On 21 September 2020, the Issuance Examination Committee of China Securities Regulatory Commission has reviewed the Company's application for the Revised Non-public Issuance of A Shares. According to the review result from the meeting, the Company's application for the Revised Non-public Issuance of A Shares was approved.

• For identification purposes only

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As at the date of this announcement, the Company has not received the written approval from China Securities Regulatory Commission yet. The Company will fulfil its obligations of information disclosure in a timely manner according to the progress of approval by China Securities Regulatory Commission. Investors are advised to pay attention to investment risks.

By Order of the Board

Dynagreen Environmental Protection Group Co., Ltd.*

Zhi Jun

Chairman

Shenzhen, the PRC

21 September 2020

As at the date of this announcement, the non-executive Directors of the Company are Mr. Zhi Jun, Mr. Liu Shuguang, Mr. Cheng Suning and Mr. Cao Jinjun, the executive Directors of the Company are Mr. Qiao Dewei and Mr. Hu Shengyong and the independent non-executive Directors of the Company are Mr. Ou Yuezhou, Ms. Fu Jie and Mr. Xie Lanjun.

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