GCL Poly Energy : FURTHER DELAY IN PUBLICATION OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020, FURTHER POSTPONEMENT OF BOARD MEETING AND CONTINUAL SUSPENSION OF TRADING

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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)

FURTHER DELAY IN PUBLICATION OF ANNUAL RESULTS

FOR THE YEAR ENDED 31 DECEMBER 2020,

FURTHER POSTPONEMENT OF BOARD MEETING

AND

CONTINUAL SUSPENSION OF TRADING

Reference is made to the announcement of GCL-Poly Energy Holdings Limited (the "Company", together with its subsidiaries, the "Group") dated 31 March 2021 whereby it was announced that (i) the meeting (the "Board Meeting") of the board of directors of the Company (the "Board") for considering and approving, among other matters, the annual results of the Group for the year ended 31 December 2020 (the "2020 Annual Results") and its publication thereof, and considering the payment of a final dividend, if any, has been postponed to 6 April 2021; (ii) the publication of the 2020 Annual Results has been delayed to on or about 6 April 2021; and (iii) suspension of trading in the shares of the Company on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 9:00 a.m. on 1 April 2021.

FURTHER DELAY IN PUBLICATION OF ANNUAL RESULTS

The Company announces that the publication of the 2020 Annual Results will be delayed as additional time is required for the Company's auditors to perform and complete its audit procedures in respect of the 2020 Annual Results. It is expected that the Company will be able to publish the 2020 Annual Results before trading commences on 12 April 2021.

Rule 13.49(3) of the Listing Rules provides that where an issuer is unable to make an announcement of its preliminary results based on its financial statements in accordance with Rules 13.49(1) and 13.49(2) of the Listing Rules, it must announce its financial results which have yet to be agreed with its auditors not later than three months after the end of the financial year. However, after due and careful consideration and taking into consideration of the expected date of publication of the 2020 Annual Results, the Board maintains the view that it would be more prudent and in the interest of the

shareholders of the Company as a whole and potential investors to publish the 2020 Annual Results, which is based on the financial statements agreed with its auditors, before trading commences on 12 April 2021.

FURTHER POSTPONEMENT OF BOARD MEETING

Due to the delay in finalising 2020 Annual Result, the Board hereby announces that the date of the Board Meeting will be postponed to 11 April 2021.

CONTINUAL TRADING SUSPENSION

At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended since 9:00 a.m. on 1 April 2021, pending publication of the 2020 Annual Results which is currently expected to be published before trading commences on 12 April 2021.

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, 6 April 2021

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.