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.

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）

RESIGNATION OF NON-EXECUTIVE DIRECTOR, CHAIRMAN AND THE CHAIRMAN OF THE STRATEGY COMMITTEE OF THE BOARD APPOINTMENT OF CHAIRMAN

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR AND

NON-EXECUTIVE DIRECTOR

CHANGE OF GENERAL MANAGER

CHANGE OF CHIEF FINANCIAL OFFICER

APPOINTMENT OF THE CHAIRMAN OF THE STRATEGY

COMMITTEE OF THE BOARD

AND

APPOINTMENT OF MEMBER OF THE REMUNERATION AND

APPRAISAL COMMITTEE OF THE BOARD

RESIGNATION OF NON-EXECUTIVE DIRECTOR, CHAIRMAN AND THE CHAIRMAN OF THE STRATEGY COMMITTEE OF THE BOARD

The board (the "Board") of directors ("Director") of Dynagreen Environmental Protection Group Co., Ltd.* (the "Company") recently received the written resignation from Mr. Zhi Jun ("Mr. Zhi"), a non-executive Director of the Company. Due to work arrangement adjustment, Mr. Zhi has tendered the resignation as a non-executive Director, the chairman (the "Chairman") and the chairman of the strategy committee of the Board of the Company. The resignation of Mr. Zhi took effect on the date of election of the new Chairman by the Board (i.e. 30 March 2021).

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It was considered and resolved at the meeting of the Board that Mr. Zhi ceased to act as a non- executive Director, the Chairman and the chairman of the strategy committee of the Board of the Company. According to the articles of association of the Company, Mr. Zhi will cease to serve as the legal representative of the Company (the "Legal Representative"). After his resignation, Mr. Zhi no longer holds any position in the Company and its subsidiaries.

Mr. Zhi has confirmed that he has no disagreement with the Board and senior management of the Company, and there is no matter that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange of Hong Kong Limited (the "Stock Exchange") in relation to his resignation.

The Board would like to extend its sincere gratitude to Mr. Zhi for his outstanding contribution to the development of the Company during his tenure as a Director, the Chairman and the chairman of the strategy committee of the Board of the Company.

APPOINTMENT OF CHAIRMAN

The Company hereby announces that, Mr. Qiao Dewei ("Mr. Qiao") is appointed as the Chairman of the third session of the Board of the Company after the consideration and approval of the Board, with the term of office commencing from 30 March 2021 and ending at the expiry of the term of office of the third session of the Board. According to the articles of association of the Company, the Legal Representative was changed to Mr. Qiao accordingly, and the term of office was consistent with that of the Chairman of the Board.

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

The Company hereby announces that, Ms. Zhong Xia ("Ms. Zhong") has been nominated as an executive Director of the Company after the consideration and approval of the Board.

The biographical details of Ms. Zhong required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") are as follows:

Ms. Zhong Xia, aged 52, served as a clerk in the equipment division of the design and research institute of Maanshan Iron & Steel Company (馬鞍山鋼鐵公司) from September 1992 to March 1993, and the manager of the Commerce Department of Shenzhen Dow's Trading Co., Ltd. (深圳道斯貿易有限公司) from March 1993 to March 2000. She successively served as an assistant to general manager of the Investment Department from March 2000 to October 2004, the general manager of the Purchasing Department of the Company from October 2004 to February 2014, and the deputy general manager of the Company from February 2014 to October 2018. Ms. Zhong has served as the deputy Party secretary of the Company since November 2018.

Ms. Zhong graduated from Anhui University of Technology (安徽工業大學) with a Bachelor's degree in fluid control and hydraulic transmission in July 1992;

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Ms. Zhong, being a candidate for the Director of the third session of the Board of the Company, will enter into a service contract with the Company to perform her duties as a Director of the third session of the Director of the Company after her nomination is approved at the 2021 annual general meeting (the "AGM") of the Company until the expiry of the term of office of the third session of the Board, and shall be eligible for re-election upon the expiry of her term of office. The remuneration of Ms. Zhong for acting as an executive Director of the Company shall be determined in accordance with the relevant national policies and relevant rules and regulations of the Company and will be disclosed in the annual report of the Company; The Remuneration and Appraisal Committee of the Board will consider the 2021 remuneration plan and submit it to the Board and the AGM for approval.

As of the date of this announcement, Ms. Zhong has not been penalized by the China Securities Regulatory Commission or other relevant authorities or received any punishment from any stock exchange. Save as disclosed in this announcement, Ms. Zhong confirms that she has not held the position of director in any public company whose securities are listed on any stock market in Hong Kong or overseas in the past three years; she has no relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor any position in the Company or any of its subsidiaries; she does not own any interest in the shares of the Company or its associated corporations (as defined under Part XV of the Securities and Futures Ordinance); there is no information that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules; and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The proposal regarding proposed appointment of Ms. Zhong as an executive Director of the third session of the Board of the Company is subject to consideration and approval at the general meeting of the Company. A circular which includes, among other things, the details of the proposed appointment of an executive Director, together with a notice of the AGM, will be dispatched to the shareholders of the Company as soon as practicable.

PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Company hereby announces that, Mr. Zhang Zhenhai ("Mr. Zhang") has been nominated as a non-executive Director of the Company after the consideration and approval of the Board.

The biographical details of Mr. Zhang required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules are as follows:

Mr. Zhang Zhenhai, aged 39, worked at the investment banking department of Three Gorges Finance Co., Ltd. (三峽財務有限責任公司) from April 2007 to September 2008; CCRE Group Co., Ltd. (廈門機電集團有限公司) from October 2008 to March 2009; the investment banking department of Three Gorges Finance Co., Ltd. from March 2009 to October 2011 (during which: he was assigned to Minsheng Royal Fund Management Co., Ltd. (民生加銀 基金管理有限公司) from January to October 2011); he served as an assistant researcher in the research and development department of Three Gorges Capital Co., Ltd. (三峽資本有限 責任公司) from November 2011 to November 2012; a researcher in the investment banking department of Three Gorges Capital Co., Ltd. from November 2012 to May 2013; the deputy

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manager of the investment banking department of Three Gorges Capital Co., Ltd. from May 2013 to March 2017; and the deputy general manager of the investment business department of Three Gorges Capital Holdings Co., Ltd. (三峽資本控股有限責任公司) from April 2017 to June 2018; he served as the general manager of the investment business department of Three Gorges Capital Holdings Co., Ltd. from June 2018 to January 2021; he has been a director of Chengdu Xingrong Environmental Co., Ltd. (the A shares of the company are listed, stock code: 000598) since August 2020 and the deputy general manager of Three Gorges Capital Holdings Co., Ltd. since January 2021.

Mr. Zhang graduated from Shanghai University of Finance and Economics with a master's degree in investment economy in January 2007;

Mr. Zhang, being a candidate for the Director of the third session of the Board of the Company, will enter into a service contract with the Company to perform his duties as a Director of the third session of the Director of the Company after his nomination is approved at the AGM of the Company until the expiry of the term of office of the third session of the Board, and shall be eligible for re-election upon the expiry of his term of office. The remuneration of Mr. Zhang for acting as a non-executive Director of the Company shall be determined in accordance with the relevant national policies and relevant rules and regulations of the Company and will be disclosed in the annual report of the Company; The Remuneration and Appraisal Committee of the Board will consider the 2021 remuneration plan and submit it to the Board and the AGM for approval.

As of the date of this announcement, Mr. Zhang has not been penalized by the China Securities Regulatory Commission or other relevant authorities or received any punishment from any stock exchange. Save as disclosed in this announcement, Mr. Zhang confirms that he has not held the position of director in any public company whose securities are listed on any stock market in Hong Kong or overseas in the past three years; he has no relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor any position in the Company or any of its subsidiaries; he does not own any interest in the shares of the Company or its associated corporations (as defined under Part XV of the Securities and Futures Ordinance); there is no information that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules; and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The proposal regarding proposed appointment of Mr. Zhang as a non-executive Director of the third session of the Board of the Company is subject to consideration and approval at the AGM of the Company. A circular which includes, among other things, the details of the proposed appointment of a non-executive Director, together with a notice of the AGM, will be dispatched to the shareholders of the Company as soon as practicable.

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CHANGE OF GENERAL MANAGER

The Board recently received the written resignation from Mr. Qiao, the general manager of the Company (the "General Manager"). Due to work arrangement adjustment, Mr. Qiao has tendered the resignation as the General Manager.

It was considered and resolved at the meeting of the Board that Mr. Qiao ceased to act as the General Manager of the Company. The resignation of Mr. Qiao took effect on 30 March 2021. After his resignation as the General Manager, Mr. Qiao will serve as the Chairman and the Legal Representative.

Mr. Qiao has confirmed that he has no disagreement with the Board and senior management of the Company, and there is no matter that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange in relation to his resignation. He has also confirmed that he does not have any litigation or dispute, existing or pending, against the Company.

The Company hereby announces that, Ms. Zhong will be appointed as the General Manager of the Company after the consideration and approval of the Board, with the term of office commencing from 30 March 2021 and her term of office is the same as that of the third session of the Board.

CHANGE OF CHIEF FINANCIAL OFFICER

The Board recently received the written resignation from Mr. Hu Shengyong ("Mr. Hu"), the chief financial officer of the Company (the "Chief Financial Officer"). Due to work arrangement adjustment, Mr. Hu has tendered the resignation as the Chief Financial Officer.

It was considered and resolved at the meeting of the Board that Mr. Hu ceased to act as the Chief Financial Officer of the Company. The resignation of Mr. Hu took effect on 30 March 2021. After his resignation as the Chief Financial Officer, Mr. Hu will continue to serve as an executive Director of the Company.

Mr. Hu has confirmed that he has no disagreement with the Board and senior management of the Company, and there is no matter that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange in relation to his resignation. He has also confirmed that he does not have any litigation or dispute, existing or pending, against the Company.

The Company hereby announces that, Mr. Yi Zhiyong ("Mr. Yi") will be appointed as the Chief Financial Officer of the Company after the consideration and approval of the Board, with the term of office commencing from 30 March 2021 and his term of office is the same as that of the third session of the Board.

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The biographical details of Mr. Yi required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules are as follows:

Mr. Yi Zhiyong, aged 46, served as the manager of the after-sales service department of Wuhan Intercontinental Yintai Battery Co., Ltd. (武漢洲際銀泰電池有限公司) from July 1998 to March 2002; the manager of the administrative personnel department of Shiji Ansoft Information Technology Co., Ltd. (世紀安軟資訊技術有限公司) from March 2002 to March 2003; and the manager of the finance department of Beijing Sunco Land Fengrun Real Estate Development Co., Ltd. (北京順馳置地豐潤房地產開發有限公司) from March 2003 to December 2005; He served as the financial supervisor of the financial management center, the assistant to the general manager and the deputy general manager the Company from February 2006 to September 2009; from September 2009 to November 2013, he was the person in charge of Taizhou Project Company of the Company; Mr. Yi served as the general manager of the new business development department and the international business department (investment and mergers and acquisitions) of the Company from November 2013 to December 2018; and a member of the disciplinary committee and the head of the disciplinary inspection and supervision department of the Company from December 2018 to August 2020; He has been a member of the disciplinary committee and the head of the disciplinary supervision department of the Company since August 2020.

Mr. Yi graduated from Huazhong Polytechnic University (currently known as Huazhong University of Science and Technology) with a bachelor's degree in applied chemistry and wealth management in July 1998. Mr. Yi has the qualification of Chinese Certified Public Accountant.

As of the date of this announcement, Mr. Yi has not been penalized by the China Securities Regulatory Commission or other relevant authorities or received any punishment from any stock exchange. Save as disclosed in this announcement, Mr. Yi confirms that he has not held the position of director in any public company whose securities are listed on any stock market in Hong Kong or overseas in the past three years; he has no relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor any position in the Company or any of its subsidiaries; he does not own any interest in the shares of the Company or its associated corporations (as defined under Part XV of the Securities and Futures Ordinance); there is no information that needs to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules; and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

APPOINTMENT OF THE CHAIRMAN OF THE STRATEGY COMMITTEE OF THE BOARD

The Company hereby announces that, Mr. Qiao will be appointed as the chairman of the strategy committee of the Board after the consideration and approval of the Board, with the term of office commencing from 30 March 2021 and his term of office is the same as that of the third session of the Board.

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APPOINTMENT OF MEMBER OF THE REMUNERATION AND APPRAISAL COMMITTEE OF THE BOARD

The Company hereby announces that, Mr. Cheng Suning will be appointed as a member of the remuneration and appraisal committee of the Board after the consideration and approval of the Board, with the term of office commencing from 30 March 2021 and his term of office is the same as that of the third session of the Board.

By Order of the Board

Dynagreen Environmental Protection Group Co., Ltd.*

Qiao Dewei

Chairman

Shenzhen, the PRC

30 March 2021

As at the date of this announcement, the non-executive Directors of the Company are Mr. Liu Shuguang and Mr. Cheng Suning, 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.

  • For identification purposes only

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Dynagreen Environmental Protection Group Co. Ltd. published this content on 30 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2021 14:14:02 UTC.