China Suntien Green Energy : ANNOUNCEMENT COMPLETION OF THE OFFERING OF 2021 RENEWABLE GREEN CORPORATE BONDS (FIRST TRANCHE)

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CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00956)

ANNOUNCEMENT

COMPLETION OF THE OFFERING OF 2021 RENEWABLE GREEN

CORPORATE BONDS (FIRST TRANCHE)

References are made to the announcements dated 9 October 2020, 25 November 2020 and 3 February 2021, the notice and shareholder circular of the second extraordinary general meeting in 2020 (the "EGM") dated 10 October 2020 of the Company in relation to, among other things, the proposed public offering and registration of renewable green corporate bonds of up to and including RMB3 billion in the PRC (the "Bond Issue"), and the Bond Issue has been approved by the EGM and the China Securities Regulatory Commission.

The board of directors of the Company hereby announces that, the Company completed the offering of 2021 renewable green corporate bonds (first tranche) (the "Bonds") on 10 March 2021. The actual issue size of the Bonds is RMB1.04 billion, and every three interest-bearing years constitutes a cycle.

At the end of each cycle, the Company has the right to choose to extend the maturity of the Bonds by one cycle or choose to redeem the Bonds in full at the end of that cycle. The Company shall publish an announcement on the exercise of the renewal option on the relevant media at least 30 working days before the interest payment date of the year in which the renewal option is exercised. The nominal value of the Bonds is RMB100 with a coupon rate of 5.15%. Interests will be calculated from 10 March 2021.

The lead underwriters for the public offering of the Bonds are China Galaxy Securities Co., Ltd., CITIC Securities Co., Ltd. and Everbright Securities Co., Ltd.. The proceeds will be used for repayment of the maturity of the green bonds and other debts related to the green principal business, construction, operation and acquisition of green projects and replenishment of working capital, etc.

The offering of the Bonds does not constitute a transaction under Chapter 14 or Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

This announcement does not constitute, or form part of, an offer, invitation, or solicitation or inducement of an offer, to subscribe for or purchase any of the corporate bonds or other securities of the Company, nor is this announcement circulated to invite offers for any securities of the Company.

By order of the Board of

China Suntien Green Energy Corporation Limited

Mei Chun Xiao

Executive Director and President

Shijiazhuang City, Hebei Province, the PRC, 11 March 2021

As at the date of this announcement, the non-executive Directors of the Company are Dr. Cao Xin, Dr. Li Lian Ping, Mr. Qin Gang and Mr. Wu Hui Jiang; the executive Directors of the Company are Mr. Mei Chun Xiao and Mr. Wang Hong Jun; and the independent non-executive Directors of the Company are Mr. Guo Ying Jun, Mr. Wan Yim Keung, Daniel and Dr. Lin Tao.

* For identification purposes only