IRICO New Energy : SUPPLEMENTAL NOTICE OF THE EXTRAORDINARY GENERAL MEETING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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 notice.

彩 虹 集 團 新 能 源 股 份 有 限 公 司

IRICO GROUP NEW ENERGY COMPANY LIMITED*

SUPPLEMENTAL NOTICE OF

THE EXTRAORDINARY GENERAL MEETING

This supplemental notice should be read together with the notice of the extraordinary general meeting of IRICO Group New Energy Company Limited* (the "Company") dated 6 December 2019. The board of directors (the "Board") of the Company has resolved that an additional resolution (specified as ordinary resolution No. 4 below) shall be tabled before the forthcoming extraordinary general meeting to be held on Monday, 20 January 2020 (the "EGM") for shareholders' approval.

SUPPLEMENTAL NOTICE IS HEREBY GIVEN that the EGM of the Company will be held at 9:00 a.m. on Monday, 20 January 2020 at the conference room of the Company at No. 1 Caihong Road, Xianyang, Shaanxi Province, the People's Republic of China (the "PRC") for the purpose of considering and, if thought fit, passing the following resolution in addition to the resolutions set out in the previous notice of the Company dated 6 December 2019:

ORDINARY RESOLUTION

4. To consider and approve the appointment of Mr. Tong Xiaofei as an executive director (the "Director") of the Company.

The full text of ordinary resolution No. 4 is set out as follows:

The Board announces that Mr. Tong Xiaofei ("Mr. Tong") is nominated as an executive Director. Such appointment is to fill the vacancy arising from the resignation of Mr. Chen Xiaoning as an executive Director.

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The appointment of Mr. Tong as an executive Director shall be subject to the shareholders' approval at the EGM to be held on Monday, 20 January 2020. The term of the appointment shall commence from the date of passing such resolution at the EGM to the expiry of the term of the fourth session of the Board.

The biological details of Mr. Tong are set out as follows:

Mr. Tong Xiaofei, aged 42, joined the Group in August 2003. Mr. Tong graduated from Shaanxi University of Science & Technology with a bachelor's degree in inorganic nonmetallic materials. He is a senior engineer and a member of the Chinese Communist Party. He is currently the head of the planning and technology department, the deputy head and office head of the science and technology committee, and the office head of the investment review committee of IRICO Group Company Limited ("IRICO Group"). He served as an melting technical engineer at the melting and assembling workshop of IRICO Glass Factory of IRICO Group, the head of the melting professional group of Photovoltaic Glass Project of IRICO Group, the head of the melting and assembling workshop of IRICO Photovoltaic Glass Factory, the assistant to the general manager and the deputy general manager of IRICO (Hefei) Photovoltaic Co., Ltd. ("IRICO Hefei"), the executive deputy general manager of Hefei IRICO New Energy Co., Ltd., the executive deputy general manager of IRICO Hefei and the assistant to the general manager of the Company, etc.

Mr. Tong will not receive any remuneration from the Company in respect of his services rendered as an executive Director.

As at the date of this notice, saved as disclosed above, Mr. Tong confirms that: (i) he has not held any directorships in any public companies, the securities of which are listed on any securities market in Hong Kong and/or overseas in the past three years, nor held any other major appointment and professional qualification; (ii) he does not hold any other position with the Company or its subsidiaries; (iii) he does not have any interests in the shares or securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iv) he does not have any relationship with other current directors, senior management or substantial or controlling shareholders of the Company.

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Saved as disclosed in this notice, there are no other matters in relation to the appointment of Mr. Tong that need to be brought to the attention of the shareholders of the Company, nor is there other matter in relation to the appointment of Mr. Tong that needs to be disclosed pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By order of the Board

IRICO Group New Energy Company Limited*

Si Yuncong

Chairman

Shaanxi Province, the PRC

3 January 2020

Notes:

1. The H share register of the Company will be closed from Saturday, 21 December 2019 to Monday, 20 January 2020 (both days inclusive), during which no transfer of the Company's H shares will be effected. The shareholders of H shares of the Company intending to attend the EGM (if applicable) are required to lodge their respective instrument(s) of transfer and the relevant share certificate(s) to the Company's H share registrar, Computershare Hong Kong Investor Services Limited by 4:30 p.m. on Friday, 20 December 2019.
2. The shareholders of H shares of the Company whose names appear on the Company's register of members at the close of business on Friday, 20 December 2019 are eligible to attend the EGM after completing the registration procedures for attending the EGM, and are entitled to appoint one or more proxies, to attend and vote on his behalf at the EGM according to the articles of association of the Company. A proxy need not be a shareholder of the Company.
3. Shareholder who intends to attend the EGM should complete the reply slip for attending the meeting and return it to the Company on or before Monday, 30 December 2019. The address of the Company is as follows: No. 1 Caihong Road, Xianyang, Shaanxi Province, the PRC. Reply slip can be delivered to the Company in person, by post or by facsimile. The facsimile no. is (86) 29 3333 3852.
4. Since the proxy form for the EGM which was despatched on 6 December 2019 (the "Old Proxy Form") does not contain the newly-added ordinary resolution No. 4 in relation to the appointment of executive Director to be approved at the EGM as set out in this supplemental notice, a new proxy form for the EGM (the "New Proxy Form") has been prepared and is enclosed with this supplemental notice of EGM dated 3 January 2020.
   Whether or not you are able to attend the EGM, you are reminded to complete the New Proxy Form in accordance with the instructions printed thereon and send the proxy form to the office of the secretary of the Board at No. 1 Caihong Road, Xianyang, Shaanxi Province, the PRC (for shareholders of domestic shares of the Company), or to the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Rooms 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for shareholders of H shares of the Company) as soon as possible but in any event not later than 24 hours before the time appointed for the holding of the EGM.

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A shareholder who has not yet lodged the Old Proxy Form with the Company or the Company's H share registrar is requested to lodge the New Proxy Form if he or she wishes to appoint proxies to attend the EGM on his or her behalf. In this case, the Old Proxy Form should not be lodged with the Company or the Company's H share registrar.

A shareholder who has already lodged the Old Proxy Form with the Company or the Company's H share registrar should note that:

1. If no New Proxy Form is lodged with the Company or the Company's H share registrar, the Old Proxy Form will be treated as a valid proxy form lodged by him or her if correctly completed. The proxy so appointed by the shareholder will be entitled to vote at his or her discretion or to abstain on any resolution properly put to the EGM other than those referred to in the notice of EGM dated 6 December 2019 and the Old Proxy Form, including the additional proposed resolution as set out in this supplemental notice of EGM dated 3 January 2020.
2. If the New Proxy Form is lodged with the Company or the Company's H share registrar before 9:00 a.m. on 19 January 2020, the New Proxy Form will revoke and supersede the Old Proxy Form previously lodged by him or her. The New Proxy Form will be treated as a valid proxy form lodged by the shareholder if correctly completed.
3. If the New Proxy Form is lodged with the Company or the Company's H share registrar after 9:00 a.m. on 19 January 2020, the New Proxy Form will be invalid. It will not revoke the Old Proxy Form previously lodged by the shareholder. The Old Proxy Form will be treated as a valid proxy form lodged by him or her if correctly completed. The proxy so appointed by the shareholder will be entitled to vote at his or her discretion or to abstain on any resolution properly put to the EGM other than those referred to in the notice of EGM dated 6 December 2019 and the Old Proxy Form, including the additional proposed resolution as set out in this supplemental notice of EGM dated 3 January 2020.

Shareholders are reminded that completion and delivery of the Old Proxy Form and/or the New Proxy Form will not preclude shareholders from attending and voting in person at the EGM or at any adjourned meeting(s) should they so wish.

1. Shareholder or proxy attending the EGM should produce his/her identity certificate.
2. Voting at the EGM will be taken by poll.
3. The EGM is expected to last for half a day. Shareholders (in person or by proxy) attending the EGM are responsible for their own transportation and accommodation expenses.

As at the date of this notice, the Board consists of Mr. Si Yuncong as executive director, Mr. Fan Laiying and Mr. Ni Huadong as non-executive directors, and Mr. Feng Bing, Mr. Wang Jialu and Mr. Wang Zhicheng as independent non-executive directors.

• For identification purpose only

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