China Ruifeng Renewable Energy Holdings Limited announced that on 26 May 2022 the Company and Shenzhen Tonghui Jinmeng Technology Group Co. Ltd. entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") in order to establish a comprehensive cooperative relationship in relation to the investment, development and operation of clean energy projects, energy management services, carbon asset development, trading of carbon emission rights and carbon sink and other related fields. Pursuant to the Strategic Cooperation Agreement and subject to the entering into of definitive agreements, the parties agree that the Company shall (i) act as a key strategic partner in Shenzhen Tonghui's potential future fundraising and reorganisation efforts and/or capital restructuring; and (ii) when appropriate, cooperate with Shenzhen Tonghui to carry out other mutually beneficial activities including but not limited to asset securitisation.

The Strategic Cooperation Agreement sets out the framework for the strategic cooperation between the Company and Shenzhen Tonghui, and was not intended to be legally binding on the relevant parties. Specific investments and/or business cooperation between the parties shall be subject to definitive agreements to be entered into between parties, whereupon announcement(s) shall be published by the Company in accordance with the Rules Governing the Listing Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") as appropriate.