GCL Poly Energy : Announcements and Notices - Delay in Despatch of Circular

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GCL-Poly Energy Holdings Limited

保 利 協 鑫 能 源 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3800)

DELAY IN DESPATCH OF CIRCULAR

We refer to the joint announcement of GCL-Poly Energy Holdings Limited (the ''Company'') and GCL New Energy Holdings Limited dated 23 May 2019 (the ''Announcement'') in relation to, among other things, (a) a discloseable transaction for disposal of the Sale Shares and the Sale Shareholder's Loan; and (b) a possible major transaction for grant of the Put Options. Unless the context otherwise requires, terms in this announcement will have the same meanings as defined in the Announcement.

As stated in the Announcement, a circular (the ''Circular''), containing, among other things, further details of the Transactions, was expected to be despatched to shareholders of the Company within 15 business days (as defined under the Listing Rules) after the publication of the Announcement (i.e. on or before 14 June 2019).

As additional time is required to finalise the contents of the Circular, it is expected that the despatch of the Circular will be delayed to a date on or before 30 June 2019.

As the Share Purchase Agreements are subject to the fulfilment of certain conditions precedent and may or may not proceed, shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

GCL-Poly Energy Holdings Limited

保利協鑫能源控股有限公司

Zhu Gongshan

Chairman

Hong Kong, 13 June 2019

As at the date of this announcement, the board of directors of the Company comprises Mr. Zhu Gongshan (Chairman), Mr. Zhu Zhanjun, Mr. Zhu Yufeng, Ms. Sun Wei, Mr. Yeung Man Chung, Charles, Mr. Jiang Wenwu and Mr. Zheng Xiongjiu as executive directors; Ir. Dr. Ho Chung Tai, Raymond, Mr. Yip Tai Him, Dr. Shen Wenzhong and Mr. Wong Man Chung, Francis as independent non-executive directors.