The Board of Directors of Zheneng Jinjiang Environment Holding Company Limited refers to the Company's announcement dated 15 July 2020 in relation to the syndicated term loan facility of an aggregate amount of up to USD 270,000,000 (the "Facility"). Taking into account the financing costs and the Company's non-compliance with a financial covenant under the terms of the Facility as disclosed in the Company's announcement dated 27 February 2023 of its unaudited results for the financial year ended 31 December 2022, the Board to announce that full repayment of the balance outstanding amount (inclusive of principal and accrued interest) of USD 146.29 million under the Facility (the "Loan Repayment") was made in advance of the scheduled maturity date under the Facility. Under the terms of the Facility, there is no early prepayment charge which is payable by the Group in connection with the Loan Repayment.

The Loan Repayment was funded from a combination of internal resources and a portion of the consideration monies received by the Group in connection with the internal restructuring exercise as disclosed in the Company's announcement dated 27 February 2023.