CT Environmental : Resignation of Executive Director and Appointment of Executive Director

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CT ENVIRONMENTAL GROUP LIMITED ʕ๢ᐑڭණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1363)

RESIGNATION OF EXECUTIVE DIRECTOR AND

APPOINTMENT OF EXECUTIVE DIRECTOR

RESIGNATION OF EXECUTIVE DIRECTOR

This announcement is made by CT Environmental Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors of the Company (the "Board") hereby announces that Mr. Xu Shubiao ("Mr. Xu") has tendered his resignation as an executive director of the Company (Mr. Xu will maintain his directorships in certain subsidiaries of our Group) with effect from 28 December 2018 in order to devote more time to handle his personal affairs.

Mr. Xu has confirmed that he has (i) no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited; and (ii) no claim whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise.

The Board would like to take this opportunity to express its gratitude to Mr. Xu for his contribution to the Company during the tenure of his position as an executive director.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that, Mr. Zhao Keyin ("Mr. Zhao") has been appointed as an executive director of the Company with effect from 14 January 2019. The biographical details of Mr. Zhao are set out below.

Mr. Zhao, aged 44, obtained a College Diploma in Environmental Protection Monitoring and Implementation from Shenyang Polytechnic University€ᓨජʈุኪ৫in 1998. He has obtained qualification certificates for wastewater treatment technology and wastewater treatment engineers. From 1998 to 2004, Mr. Zhao has accumulated rich working experience in environmental protection industry and operation management of industrial parks. The project he managed has won the title of "Excellent Model Project" in Guangdong Province. Mr. Zhao joined us in 2004 and is our Vice President and Chief Engineer currently. He is mainly responsible for the formulation, guidance and supervision of the overall planning and management system of the Group's environmental protection projects, and the progress, quality and improvement of the project design. Based on industry development and strategic planning of the Group, he is responsible for arranging industry surveys and learning, and carrying out innovation, research and development. He is also doing research on environmental engineering technology and process operation procedures, organizing the production, operation, installation, upgrading and maintenance of various projects. Mr. Zhao also organized the Group's technical strength and participated in in-house research and development to obtain more than 50 intellectual property rights in the wastewater treatment and sludge resource utilization of the environmental protection industry. Two of them are national invention patents, and another two won national environmental protection practical demonstration projects. In 2015, Mr. Zhao expanded the business in Guangxi Zhuang Autonomous Region €"Guangxi"for the Group and prepared for the completion of the Yulin (Fumian) Energy-saving Environmental Industrial Park Project (the "Project"). This Project is the first professional energy-saving and environmental industrial park in Guangxi and the first large-scale environmental project of the Group in Guangxi. The Project actively explores the new industry development model of simultaneous economic development and ecological environment improvement. At present, it has been well recognized by many local governments of Guangxi and enterprises.

The Company has entered into a service agreement with Mr. Zhao in relation to his appointment as an executive director of the Company for a term of three years commencing on 14 January 2019 which is determinable by either party serving on the other not less than 3 months' written notice, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Listing Rules. Under the service agreement, Mr. Zhao is not entitled to any salaries and director's fee. However, the Board may determine the remuneration entitlement of Mr. Zhao from time to time in its absolute discretion.

As at the date of this announcement, Mr. Zhao is directly interested in 306,000 shares of the Company.

Save as disclosed in this announcement, as at the date hereof, (i) Mr. Zhao does not hold any other position with the Company or its subsidiaries nor have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company; (ii) Mr. Zhao has not held any directorships in any other public companies, the securities of which are listed on any securities in Hong Kong or overseas in the last three years or other major appointments and professional qualifications; and (iii) Mr. Zhao does not have any interest in any shares, underlying shares or debentures of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong).

Save as disclosed above, there is no other information relating to Mr. Zhao's appointment which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Zhao in joining the Board.

By order of the Board

CT Environmental Group Limited

Tsui Cham To

Chairman

Hong Kong, 14 January 2019

As at the date of this announcement, the executive directors of the Company are Mr. Tsui Cham To, Mr. Lu Xiao'an, Mr. Liang Qilin, Mr. Liang Zhenjie, Mr. Xu Juwen and Mr. Zhao

Keyin and the independent non-executive directors are Mr. Suen To Wai and Mr. Zhang Lu Fu.