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)

UPDATE OF APPLICATION MATERIALS FOR REGISTRATION OF

RMB1,500,000,000 CORPORATE BONDS BY A SUBSIDIARY

This announcement is made by GCL-Poly Energy Holdings Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 1 February 2018 (the "Announcement") in which it was announced that 保利協鑫 (蘇州) 新能源有限公司 GCL-Poly (Suzhou) New Energy Co., Ltd.* ("GCL-Poly Suzhou"), a subsidiary of the Company, intended to apply to China Securities Regulatory Commission for the registration of issuance of not more than RMB1,500,000,000 corporate bonds to qualified investors in the People's Republic of China (the "PRC") (the "Proposed Issue").

On 2 February 2018, an application for public issuance of corporate bonds incorporating financial data of GCL-Poly Suzhou as of 30 September 2017 was filed with the Shanghai Stock Exchange ("Shanghai Stock Exchange"). Pursuant to the relevant regulations, the financial data of corporate bonds are valid for six months only. An updated prospectus ("Updated Prospectus") incorporating extracts of the latest financial position of GCL-Poly Suzhou has to be provided according to the requirements of the Shanghai Stock Exchange currently.

Relevant documents in relation to the Proposed Issue, including the Updated Prospectus will be uploaded to the notification system of the Shanghai Stock Exchange atwww.sse.com.cnon or about 31 May 2018, which includes extracts of the financial position of GCL-Poly Suzhou as of 31 March 2018. Details of the unaudited balance sheet as at 31 March 2018, the unaudited income statement and statement of cash flow for the period ended 31 March 2018 (for both the company level and the consolidated versions) of GCL-Poly Suzhou were disclosed in the Company's announcement dated 27 April 2018.

*For identification purpose only

The principal activity of GCL-Poly Suzhou is to operate the wafer production plants of the Company and its subsidiaries (the "Group") in the PRC, which accounts for all the Company's production capacity of wafer business and acts as a financing platform for the wafer material business sector, excluding the polysilicon business of the Group.

Further announcement(s) on the Proposed Issue will be made by the Company as and when appropriate.

Shareholders and potential investors of the Company shall be aware that as the Proposed Issue is still in the process of application and subject to the approval and other conditions, the Proposed Issue may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

GCL-Poly Energy Holdings Limited

Zhu Gongshan

Chairman

Hong Kong, 31 May 2018

As at the date of this announcement, the Board comprises Mr. Zhu Gongshan (Chairman), Mr. Zhu Zhanjun, Mr. Ji Jun, 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.

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GCL-Poly Energy Holdings Ltd. published this content on 31 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2018 04:32:02 UTC