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

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.

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 (i) the announcement of GCL-Poly Energy Holdings Limited (the ''Company'') dated 26 June 2019 in relation to Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd.* (江 蘇中能硅業科技發展有限公司), an indirect non-wholly owned subsidiary of the Company, entering into a share purchase agreement with Xuzhou Zhongping GCL Industrial Upgrading Equity Investment Fund LLP* (徐州中平協鑫產業升級股權投資基金(有限合夥)) and Xinjiang GCL New Energy Materials Technology Co., Ltd.* ( 新疆協鑫新能源材料科技有限公司) ("Xinjiang GCL") to sell 31.5% of the equity interests in Xinjiang GCL for a consideration of RMB2,490,849,900 (the "Disposal"); and (ii) the announcements of the Company dated 25 July 2019 and 31 July 2019 in relation to the delay in despatch of the Circular (the "Announcements").

As stated in the Announcements, a circular (the "Circular"), containing, among other things, further details of the Disposal, was expected to be despatched to shareholders of the Company on or before 15 August 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 August 2019.

As the share purchase agreement is 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.

* For identification purposes only

By order of the Board

GCL-Poly Energy Holdings Limited

Zhu Gongshan

Chairman

Hong Kong, 15 August 2019

As at the date of this announcement, the Board 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.