THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in YCIH Green High-Performance Concrete Company Limited, you should at once hand this circular as well as relevant form of proxy to the purchaser or transferee, or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

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

YCIH Green High-Performance Concrete Company Limited

雲南建投綠色高性能混凝土股份有限公司

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

(Stock Code: 1847)

      1. 2020 ANNUAL WORK REPORT OF THE BOARD
    2. 2020 ANNUAL WORK REPORT OF THE SUPERVISORY COMMITTEE
        1. 2020 ANNUAL REPORT
      2. 2020 INDEPENDENT AUDITOR'S REPORT
      3. 2020 FINAL FINANCIAL ACCOUNTING PLAN
        1. 2021 FINANCIAL BUDGET PLAN
        2. 2020 PROFIT DISTRIBUTION PLAN
      1. RE-APPOINTMENTOF AUDITORS FOR 2021
  2. REPORT ON REMUNERATION OF DIRECTORS AND SUPERVISORS FOR 2020 AND 2021
    1. GENERAL MANDATE TO ISSUE DEBT FINANCING INSTRUMENTS

(11) GENERAL MANDATE TO ISSUE SHARES

AND

NOTICE OF THE 2020 AGM

The Company intends to convene the 2020 AGM at 9:30 a.m. on Tuesday, May 25, 2021 at Conference Room No. 908, 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC. The notice of the 2020 AGM is set out on pages 11 to 15 of this circular.

Enclosed herewith is a form of proxy for use at the 2020 AGM, such form of proxy is also published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (https://www.ynhnt.com).

If you intend to appoint a proxy to attend the 2020 AGM, you are required to complete the enclosed form of proxy in accordance with the instructions printed thereon and return the same. The form of proxy should be returned to the H Share Registrar for holders of H Shares, or to the Board office of the Company for holders of Domestic Shares, in any event served by hand, by post or by fax not less than 24 hours before the time designated for holding the 2020 AGM or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the 2020 AGM or any adjournment thereof.

April 23, 2021

CONTENTS

Page

Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

Letter from the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

Notice of the 2020 AGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

- i -

DEFINITIONS

In this circular, unless the context otherwise requires, the following terms and expressions have the meanings set forth below:

"2020 AGM"

the 2020 annual general meeting to be convened by the Company

at 9:30 a.m. on Tuesday, May 25, 2021 at Conference Room

No. 908, 9/F, YCIH Development Building, 188 Linxi Road,

Information Industrial Base, Economic and Technological

Development Zone, Kunming, Yunnan Province, the PRC

"Articles of Association"

the articles of association of the Company, as amended, modified

or otherwise supplemented from time to time

"Board"

the board of directors of the Company

"China" or "PRC"

the People's Republic of China, but for the purpose of this circular

only, excluding Hong Kong, Macau and Taiwan region

"Company"

YCIH Green High-Performance Concrete Company Limited (雲南

建投綠色高性能混凝土股份有限公司), a joint stock company

with limited liability incorporated in the PRC, with its H Shares

listed on the Main Board of the Stock Exchange (stock code: 1847)

"Director(s)"

the director(s) of the Company

"Domestic Share(s)"

ordinary share(s) in the share capital of the Company, with a

nominal value of RMB1.00 each, which are subscribed for and paid

up in Renminbi

"Group"

the Company and its subsidiaries

"H Share(s)"

overseas listed foreign invested ordinary share(s) in the share

capital of the Company, with a nominal value of RMB1.00 each,

which are listed on the Main Board of the Stock Exchange and

subscribed for and traded in Hong Kong Dollars

"H Share Registrar"

Computershare Hong Kong Investor Services Limited

"Hong Kong"

the Hong Kong Special Administrative Region of the People's

Republic of China

"Hong Kong Dollars" or "HK$"

Hong Kong dollars, the lawful currency of Hong Kong

"Latest Practicable Date"

April 15, 2021, being the latest practicable date prior to the

printing of this circular for the purpose of ascertaining certain

information contained in this circular

"Listing Rules"

the Rules Governing the Listing of Securities on the Stock

Exchange

- 1 -

DEFINITIONS

"Main Board"

the stock market (excluding the option market) operated by the

Stock Exchange which is independent from and operated in parallel

with the GEM of the Stock Exchange

"PBOC"

People's Bank of China (中國人民銀行)

"RMB" or "Renminbi"

Renminbi yuan, the lawful currency of the PRC

"Share(s)"

ordinary share(s) in the share capital of the Company with a

nominal value of RMB1.00 each, comprising H Shares and

Domestic Shares

"Shareholder(s)"

holder(s) of Share(s)

"Stock Exchange"

The Stock Exchange of Hong Kong Limited

"Supervisor(s)"

the supervisor(s) of the Company

"Supervisory Committee"

the supervisory committee of the Company

"%"

per cent

- 2 -

LETTER FROM THE BOARD

YCIH Green High-Performance Concrete Company Limited

雲南建投綠色高性能混凝土股份有限公司

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

(Stock Code: 1847)

Executive Directors:

Registered office:

Mr. Zhang Yingyue

YCIH Zhaotong Development Building

Mr. Rao Ye

Zhaotong Avenue

Mr. Lu Jianfeng

Zhaoyang District, Zhaotong

Ms. Hu Zhurong (employee Director)

Yunnan, the PRC

Non-executive Directors:

Headquarters in the PRC:

Mr. Jiang Qian

5/F and 9/F, YCIH Development Building

Mr. He Jianqiang

188 Linxi Road

Information Industrial Base

Independent non-executive Directors:

Economic and Technological Development Zone, Kunming

Mr. Wong Kai Yan Thomas

Yunnan, the PRC

Mr. Yu Dingming

Mr. Li Hongkun

Principal place of business in Hong Kong:

31/F, Tower Two, Times Square

1 Matheson Street, Causeway Bay

Hong Kong

To the Shareholders:

      1. 2020 ANNUAL WORK REPORT OF THE BOARD
    2. 2020 ANNUAL WORK REPORT OF THE SUPERVISORY COMMITTEE
        1. 2020 ANNUAL REPORT
      2. 2020 INDEPENDENT AUDITOR'S REPORT
      3. 2020 FINAL FINANCIAL ACCOUNTING PLAN
        1. 2021 FINANCIAL BUDGET PLAN
        2. 2020 PROFIT DISTRIBUTION PLAN
      1. RE-APPOINTMENTOF AUDITORS FOR 2021
  2. REPORT ON REMUNERATION OF DIRECTORS AND SUPERVISORS FOR 2020 AND 2021
    1. GENERAL MANDATE TO ISSUE DEBT FINANCING INSTRUMENTS
  1. GENERAL MANDATE TO ISSUE SHARES AND

NOTICE OF THE 2020 AGM

- 3 -

LETTER FROM THE BOARD

  1. INTRODUCTION

The purpose of this circular is to give you notice of the 2020 AGM and to provide you with further information in relation to the following resolutions to be proposed at the 2020 AGM to enable you to make an informed decision on whether to vote for or against or abstain from voting on the resolutions to be proposed at the 2020 AGM. Such resolutions and details are set out in the letter from the Board.

II. MATTERS TO BE CONSIDERED AT THE 2020 AGM

Ordinary Resolutions

1. 2020 annual work report of the Board

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 annual work report of the Board. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020. The main content of the report is set out in the section of "Directors' Report" in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

2. 2020 annual work report of the Supervisory Committee

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 annual work report of the Supervisory Committee. Such resolution was considered and approved by the Supervisory Committee at the second meeting of the second session of the Supervisory Committee and the meeting of the Supervisory Committee for 2020. The main content of the report is set out in the section of "Supervisory Committee's Report" in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

3. 2020 annual report

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 annual report of the Company. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020. The full text of such report was published on the websites of the Company and HKEXnews of the Stock Exchange.

4. 2020 independent auditor's report

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 independent auditor's report. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020. The full text of such report is set out in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

- 4 -

LETTER FROM THE BOARD

5. 2020 final financial accounting plan

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 final financial accounting plan formulated according to the International Financial Reporting Standards. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020. Relevant contents of such plan are set out in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

6. 2021 financial budget plan

An ordinary resolution will be proposed at the 2020 AGM to approve the 2021 financial budget plan. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020. The 2021 financial budget plan is formulated according to the Company's strategic development goals, business conditions in recent years and the Company's investment plan for 2021. Relevant contents of such plan are set out in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

7. 2020 profit distribution plan

• Proposed final dividend for 2020

An ordinary resolution will be proposed at the 2020 AGM to approve the 2020 profit distribution plan. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020.

The Board proposes to distribute a final dividend of the Company for the year ended December 31, 2020 to Shareholders in cash at RMB0.1231 (including tax) per Share (the "Proposed Final Dividend for 2020"). The Proposed Final Dividend for 2020 will be denominated and declared in RMB, and will be paid by the Company to holders of Domestic Shares in Renminbi and paid to holders of H Shares in Hong Kong Dollars. The exchange rate between RMB and HK$ will be calculated based on the average of the exchange rates published by PBOC for the five working days before the 2020 AGM. The Proposed Final Dividend for 2020 shall be subject to the approval by the Shareholders at the 2020 AGM.

If the proposed profit distribution plan is approved by the Shareholders at the 2020 AGM, the Proposed Final Dividend for 2020 will be distributed on or before Tuesday, June 29, 2021 to Shareholders whose names appear on the Company's register of members on Sunday, June 6, 2021.

Meanwhile, it is proposed that the Shareholders authorize the Board to implement the above distribution plan at the 2020 AGM.

- 5 -

LETTER FROM THE BOARD

  • Dividend Tax
    1. According to the Enterprise Income Tax Law of the People's Republic of China and implementation regulations thereof, the applicable tax rate for the enterprise income tax paid by non-resident enterprises on their income acquired within the PRC is 10%. Therefore, any H Shares registered under the names of HKSCC Nominees Limited, other agents or trustees, or other organizations and groups shall be deemed as Shares held by non-resident enterprise Shareholders, and the Company shall pay a final dividend to such non-resident enterprise Shareholders after withholding 10% of the dividend as the enterprise income tax on behalf of such Shareholders.
  1. According to the relevant provisions of the Notice on the Issues Concerning the Administration of Individual Income Tax Collection after the Annulment of Document Guo Shui Fa [1993] No. 045 (Guo Shui Han [2011] No. 348):
    • For individual holders of H Shares who are Hong Kong or Macau residents or persons domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of such individual holders of H Shares;
    • For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of less than 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of such individual holders of H Shares. If such Shareholders require a refund of the amount in excess of the individual income tax payable under the tax treaty, the Company may apply for the preferential tax benefits pursuant to the relevant tax treaty on their behalf, but the Shareholders shall provide relevant documents and information in time according to the Administrative Measures for Convention Treatment for Non-resident Taxpayers (SAT Announcement 2019 No. 35) and requirements of the relevant tax treaty. Upon the approval of the aforesaid application by the competent tax authority, the Company shall refund the excess amount withheld and paid on behalf of the Shareholders;
    • For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of more than 10% but less than 20%, the Company will withhold and pay individual income tax at the applicable tax rate specified in the said tax treaty on behalf of such individual holders of H Shares; and
    • For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of 20% or which has not entered into any tax treaty with the PRC or in other circumstances, the Company will withhold and pay individual income tax at the rate of 20% on behalf of such individual holders of H Shares.

- 6 -

LETTER FROM THE BOARD

8. Re-appointment of auditors for 2021

An ordinary resolution will be proposed at the 2020 AGM to approve the re-appointment of PricewaterhouseCoopers as the Company's international auditor for 2021 and PricewaterhouseCoopers Zhong Tian LLP as the Company's domestic auditor for 2021 for a term until the conclusion of the 2021 annual general meeting of the Company, and to authorize the Board to determine their remuneration. Such resolution was considered and approved by the Board at the second meeting of the second session of the Board and the Board meeting for 2020.

9. Report on remuneration of Directors and Supervisors for 2020 and 2021

An ordinary resolution will be proposed at the 2020 AGM to approve the report on remuneration of Directors and Supervisors for 2020 and 2021. The Board and the Supervisory Committee are of the view that the contents of such report truthfully, accurately and completely reflect the remuneration of Directors and Supervisors in 2020, and the remuneration plan for 2021 is in line with the Company's actual remuneration policies.

The abovementioned remuneration report was considered by the second meeting of the remuneration and evaluation committee under the Board in 2021 and was considered and approved at the second meeting of the second session of the Board and the Board meeting for 2020.

Details about the remuneration of Directors and Supervisors are set out in the notes to the consolidated financial statements in the 2020 annual report published by the Company on the websites of the Company and HKEXnews of the Stock Exchange.

Special Resolutions

10. General mandate to issue debt financing instruments

To diversify the sources of funds and reduce the financing cost of the Company, the approval for a general mandate will be sought from the Shareholders. A special resolution will be proposed at the 2020 AGM to a grant general mandate to the Board to, subject to the Company's demand and market conditions, issue debt financing instruments of a maximum RMB300 million at an appropriate time, and to determine and implement the terms and conditions of the debt financing instruments to be issued and all matters relating to the issuance of such debt financing instruments, including but not limited to:

  1. determining the type, specific variety, issuance quantity, issuance time, currency, price, amount, interest rate, duration, issuance targets, issuance market, issuance method, use of proceeds and other issuance terms and conditions concerning the said debt financing instruments to be actually issued, and determining and handling matters relating to the listing of the issued debt financing instruments;
  2. engaging relevant intermediaries and signing necessary agreements and relevant statutory documents;

(3) applying to the relevant institution for completing issuance-related procedures such as approval, registration and filing, and preparing, revising, signing and disclosing all necessary documents and materials;

- 7 -

LETTER FROM THE BOARD

  1. in case of any changes in applicable laws and regulations, other regulatory documents and policies of regulatory authorities on issuance of debt financing instruments or market conditions, making relevant adjustments to the specific plans on issuance of debt financing instruments and other relevant matters, except for matters requiring further approval of the general meeting according to the relevant laws and regulations and the Articles of Association; and
  2. handling other necessary matters relating to the issuance of the debt financing instruments.

The aforesaid mandate will be valid from the date of approval at the 2020 AGM to the date of conclusion of the next annual general meeting of the Company.

11. General mandate to issue Shares

To ensure flexibility and give discretion to the Board when it becomes appropriate for the Company to issue new Shares, the approval for a general mandate will be sought from the Shareholders. A special resolution will be proposed at the 2020 AGM to grant a general mandate to the Board to, subject to market conditions and the needs of the Company, issue, allot and dispose of, at its discretion, new Domestic Shares and H Shares not exceeding 20% of the respective total number of the Domestic Shares and H Shares issued by the Company as of the date of approval at the 2020 AGM, and determine all matters related to the issuance of such Shares, including but not limited to:

  1. formulating and implementing detailed issuance plans, including but not limited to determining the class of new Shares to be issued, pricing mechanism and/or issuance price (including price range), number of Shares to be issued, issuance targets and use of proceeds, and determining the issuance time, issuance period and whether to allot the Shares to existing Shareholders;
  2. determining the issuance methods, including but not limited to issuance, allotment and/ or disposal of new Shares, convertible bonds, exchangeable bonds and warrants, and other methods permitted by the Articles of Association and laws and regulations;
  3. considering, approving and signing, on behalf of the Company, agreements in relation to the issuance, including but not limited to allotting or underwriting agreements and agreements on engaging intermediaries, etc.;
  4. considering, approving and signing, on behalf of the Company, statutory documents in relation to the issuance to be submitted to relevant regulatory authorities, and completing relevant approval procedures as required by regulatory authorities and the jurisdiction in which the Company is listed;
  5. amending relevant agreements and statutory documents as referred to in items (3) and (4) above as required by domestic and overseas regulatory authorities;
  6. deciding to affix the corporate seal of the Company to the agreements and statutory documents in relation to the issuance;

- 8 -

LETTER FROM THE BOARD

  1. engaging intermediaries relating to the issuance, and approving and signing all acts, deeds and documents which may be as necessary, appropriate or desirable for or in connection with the issuance and other related matters; and
  2. approving the Company to increase its registered capital after the issuance of new Shares, and making corresponding amendments to the Articles of Association relating to the total amount of share capital and shareholding structure, etc., and completing relevant domestic and overseas statutory registration and filing procedures.

The Board or relevant authorized persons shall (i) comply with the Company Law of the People's Republic of China or other applicable PRC laws and regulations and the Listing Rules; and (ii) (if required) obtain approvals from the China Securities Regulatory Commission and other relevant PRC authorities when exercising the powers granted above.

Except that the Board may make or grant offers, agreements, options, warrants, convertible bonds or similar rights during the Relevant Period in relation to the issuance of Shares, which might require further promotion or implementation after the end of the Relevant Period, the general mandate will take effect from the date of approval at the 2020 AGM to the earliest of the following dates (the "Relevant Period"): (i) the conclusion of the next annual general meeting of the Company; (ii) the expiration of the 12-month period following the date of approval at the 2020 AGM; or (iii) the revocation or modification of the aforesaid general mandate by a special resolution at the general meeting of the Company.

III. 2020 AGM AND VOTING METHOD

The Company intends to convene the 2020 AGM at 9:30 a.m. on Tuesday, May 25, 2021 at Conference Room No. 908, 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC, to consider and, if appropriate, approve the matters set out in the notice of the 2020 AGM. The form of proxy has been sent to the Shareholders in accordance with the Listing Rules on Friday, April 23, 2021. The notice of the 2020 AGM is set out on pages 11 to 15 of this circular.

If you intend to appoint a proxy to attend the 2020 AGM, you are required to complete the enclosed form of proxy in accordance with the instructions printed thereon and return the same. The form of proxy should be returned to the H Share Registrar, Computershare Hong Kong Investor Services Limited, for holders of H Shares, or to the Board office of the Company for holders of Domestic Shares, in any event served by hand, by post or by fax not less than 24 hours before the time designated for holding the 2020 AGM or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the 2020 AGM or any adjournment thereof.

According to the Rule 13.39(4) of the Listing Rules, any vote of shareholders at a general meeting must be taken by poll except where the chairman decides to allow a resolution which relates purely to a procedural or administrative matter to be voted by a show of hands. Therefore, the chairman of the general meeting will demand a poll for each resolution of the 2020 AGM in accordance with Article 98 of the Articles of Association.

On a poll, each Shareholder (or, if the Shareholder is a company, its duly authorized representative) who attends the 2020 AGM in person or by proxy may have one vote for each Share registered in its name in the register of members of the Company. Shareholders entitled to more than one vote need not use all their voting rights or use all their voting rights in the same way.

- 9 -

LETTER FROM THE BOARD

IV. CLOSURE OF REGISTER OF MEMBERS

To determine the list of Shareholders entitled to attend and vote at the 2020 AGM, the register of members of the Company will be closed from Thursday, May 20, 2021 to Tuesday, May 25, 2021 (both days inclusive), during which no transfer of Shares will be effected. Shareholders whose names appear on the Company's register of members on Tuesday, May 25, 2021 shall be entitled to attend and vote at the 2020 AGM. To be eligible to attend and vote at the 2020 AGM, all transfer documents shall be delivered, no later than 4:30 p.m. on Tuesday, May 18, 2021, to the H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or to the Board office of the Company, at 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC (for holders of Domestic Shares).

To determine the list of Shareholders entitled to receive the Proposed Final Dividend for 2020, the register of members of the Company will be closed from Monday, May 31, 2021 to Sunday, June 6, 2021 (both days inclusive), during which no transfer of Shares will be effected. Shareholders whose names appear on the Company's register of members on Sunday, June 6, 2021 shall be entitled to receive the Proposed Final Dividend for 2020. To be eligible to receive the Proposed Final Dividend for 2020, all transfer documents shall be delivered, no later than 4:30 p.m. on Friday, May 28, 2021, to the H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or to the Board office of the Company, at 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC (for holders of Domestic Shares).

V. RECOMMENDATIONS

The Directors (including independent non-executive Directors) are of the view that the resolutions set out in the notice of the 2020 AGM are all in the interests of the Company and the Shareholders as a whole. Accordingly, the Directors recommend Shareholders to vote in favor of the resolutions to be proposed at the 2020 AGM.

Yours faithfully,

By Order of the Board

YCIH Green High-Performance Concrete Company Limited

Zhang Yingyue

Chairman

April 23, 2021

- 10 -

NOTICE OF THE 2020 AGM

YCIH Green High-Performance Concrete Company Limited

雲南建投綠色高性能混凝土股份有限公司

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

(Stock Code: 1847)

NOTICE OF THE 2020 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 2020 annual general meeting (the "2020 AGM") of YCIH Green High-Performance Concrete Company Limited (the "Company") will be held at 9:30 a.m. on Tuesday, May 25, 2021 at Conference Room No. 908, 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC to consider and, if appropriate, approve, with or without amendments, the following resolutions. Unless otherwise specified, capitalized terms used in this notice shall have the same meanings as defined in the circular of the Company dated April 23, 2021 (the "Circular").

ORDINARY RESOLUTIONS

  1. To consider and approve the 2020 annual work report of the Board;
  2. To consider and approve the 2020 annual work report of the Supervisory Committee;
  3. To consider and approve the 2020 annual report;
  4. To consider and approve the 2020 independent auditor's report;
  5. To consider and approve the 2020 final financial accounting plan;
  6. To consider and approve the 2021 financial budget plan;
  7. To consider and approve the 2020 profit distribution plan;
  8. To consider and approve the re-appointment of PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as the Company's international auditor and domestic auditor for the year 2021, respectively, until the conclusion of the 2021 annual general meeting of the Company, and to authorize the Board to determine their remuneration;
  9. To consider and approve the report on remuneration of Directors and Supervisors for 2020 and 2021;

- 11 -

NOTICE OF THE 2020 AGM

SPECIAL RESOLUTIONS

  1. To consider and approve the general mandate granted to the Board to issue debt financing instruments; and
  2. To consider and approve the general mandate granted to the Board to issue Shares.

Details of the resolutions proposed at the 2020 AGM are set out in the Circular, which is available on the website of the Stock Exchange (www.hkexnews.hk) and the website of the Company (https://www.ynhnt.com).

Shareholders will listen to the 2020 work report of the independent non-executive Directors at the 2020 AGM (such report is not subject to voting and resolution).

By Order of the Board

YCIH Green High-Performance Concrete Company Limited

Zhang Yingyue

Chairman

Kunming, China, April 23, 2021

As at the date of this notice, the Board comprises Mr. Zhang Yingyue, Mr. Rao Ye, Mr. Lu Jianfeng and Ms. Hu Zhurong (employee Director) as executive Directors; Mr. Jiang Qian and Mr. He Jianqiang as non-executive Directors; and Mr. Wong Kai Yan Thomas, Mr. Yu Dingming and Mr. Li Hongkun as independent non-executive Directors.

- 12 -

NOTICE OF THE 2020 AGM

Notes:

1. To determine the list of Shareholders entitled to attend and vote at the 2020 AGM, the register of members of the Company will be closed from Thursday, May 20, 2021 to Tuesday, May 25, 2021 (both days inclusive), during which no transfer of Shares will be effected. Shareholders whose names appear on the register of members of the Company on Tuesday, May 25, 2021 shall be entitled to attend and vote at the 2020 AGM. To be entitled to attend and vote at the 2020 AGM, all transfer documents shall be delivered, no later than 4:30 p.m. on Tuesday, May 18, 2021, to the H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or to the Board office of the Company, at 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC (for holders of Domestic Shares).

To determine the list of Shareholders entitled to receive the Proposed Final Dividend for 2020, the register of members of the Company will be closed from Monday, May 31, 2021 to Sunday, June 6, 2021 (both days inclusive), during which no transfer of Shares will be effected. Shareholders whose names appear on the register of members of the Company on Sunday, June 6, 2021 shall be entitled to receive the Proposed Final Dividend for 2020. To be entitled to receive the Proposed Final Dividend for 2020, all transfer documents shall be delivered, no later than 4:30 p.m. on Friday, May 28, 2021, to the H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H Shares), or to the Board office of the Company, at 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC (for holders of Domestic Shares).

The Proposed Final Dividend for 2020 will be denominated and declared in RMB, and will be paid by the Company to holders of Domestic Shares in Renminbi and paid to holders of H Shares in Hong Kong Dollars. The exchange rate between RMB and HK$ will be calculated based on the average of the exchange rates published by PBOC for the five working days before the 2020 AGM.

According to the Enterprise Income Tax Law of the People's Republic of China and implementation regulations thereof, the applicable tax rate for the enterprise income tax paid by non-resident enterprises on their income acquired within the PRC is 10%. Therefore, any H Shares registered under the names of HKSCC Nominees Limited, other agents or trustees, or other organizations and groups shall be deemed as Shares held by non-resident enterprise Shareholders, and the Company shall pay final dividend to such non-resident enterprise Shareholders after withholding 10% of the dividend as the enterprise income tax on behalf of such Shareholders.

According to the relevant provisions of the Notice on the Issues Concerning the Administration of Individual Income Tax Collection after the Annulment of Document Guo Shui Fa [1993] No. 045 (Guo Shui Han [2011] No. 348):

For individual holders of H Shares who are Hong Kong or Macau residents or persons domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of such individual holders of H Shares;

For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of less than 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of such individual holders of H Shares. If such Shareholders require a refund of the amount in excess of the individual income tax payable under the tax treaty, the Company may, on behalf of such Shareholder, apply for the preferential tax benefits pursuant to the relevant tax treaty, provided that the Shareholder shall provide relevant documents and information in time according to the Administrative Measures for Tax Convention Treatment for Non-resident Taxpayers (SAT Announcement 2019 No. 35) and requirements of the relevant tax treaty. Upon the approval of the aforesaid application by the competent tax authority, the Company shall refund the excess amount withheld and paid on behalf of the Shareholder;

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NOTICE OF THE 2020 AGM

For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of more than 10% but less than 20%, the Company will withhold and pay individual income tax at the applicable tax rate specified in the said tax treaty on behalf of such individual holders of H Shares; and

For individual holders of H Shares domiciled in a country or region which has entered into a tax treaty with the PRC stipulating a tax rate of 20% or which has not entered into any tax treaty with the PRC or in other circumstances, the Company will withhold and pay individual income tax at the rate of 20% on behalf of such individual holders of H Shares.

The Company shall take the registered address (hereinafter the "Registered Address") as recorded in the register of members of the Company on Sunday, June 6, 2021 to determine the residence of the individual holders of H Shares, and accordingly withhold and pay the individual income tax. If the residence of any individual holder of H Shares is inconsistent with the Registered Address, he/she should notify the H Share Registrar on or before 4:30 p.m. on Friday, May 28, 2021 and provide the relevant supporting documents to Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. If such individual holder of H Shares fails to provide the relevant supporting documents to the H Share Registrar within the time period as stated above, the Company will determine his/her residence according to the Registered Address as recorded in the register of members on Sunday, June 6, 2021.

The Company assumes no responsibility and will not entertain any claims arising from any delay in the determination, or inaccurate determination, of the status of the Shareholders or any dispute over the arrangement of withholding and payment of tax.

  1. Each Shareholder entitled to attend and vote at the 2020 AGM may, by completing the form of proxy of the Company, appoint one or more proxies to attend and vote at the 2020 AGM on his/her/its behalf. A proxy need not be a Shareholder. With respect to any Shareholder who has appointed more than one proxy, such proxies may only exercise their voting rights in a poll.
  2. The form of proxy shall be signed by the appointer or his/her attorney duly authorized in writing or, in the case of a legal person, must be either executed under its common seal or under the hand of its legal representative, director or attorney duly authorized.
  3. In order to be valid, the form of proxy must be deposited, for the holders of H Shares, at the H Share Registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, or for the holders of Domestic Shares, at the Board office of the Company at 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC not less than 24 hours prior to the holding of the 2020 AGM or any adjournment thereof. If the form of proxy is signed by another person under a power of attorney or other authorization documents given by the appointer, such power of attorney or other authorization documents shall be notarized. The notarized power of attorney or other authorization documents shall, together with the form of proxy, be deposited at the specified place at the time set out in such form of proxy. Completion and return of the form of proxy will not preclude Shareholders from attending and voting in person at the 2020 AGM or any adjourned meetings should they so wish.
  4. Shareholders shall produce their identity documents and supporting documents in respect of the Shares held when attending the 2020 AGM. If Shareholders appoint an authorized representative to attend the 2020 AGM, the authorized representative shall produce his/her identity documents and a notarially certified copy of the relevant authorization instrument signed by the board of directors or other authorized persons of the Shareholders or other notarially certified documents allowed by the Company. Proxies shall produce their identity documents and the form of proxy signed by the Shareholders or their authorized representative(s) when attending the 2020 AGM.

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NOTICE OF THE 2020 AGM

  1. The Company shall have the right to request the proxies attending the 2020 AGM on behalf of the Shareholders to produce their identity documents.
  2. In the case of joint Shareholders, the vote cast by the senior Shareholder, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint Shareholders, and for this purpose seniority shall be determined by the order in which the names of the relevant joint Shareholders stand on the register of members of the Company.

Pursuant to the Listing Rules, any vote of shareholders at a general meeting must be taken by poll except where the chairman decides to allow a resolution which relates purely to a procedural or administrative matter to be voted on by a show of hands. Therefore, the resolutions set out in the notice of the 2020 AGM will be taken by poll.

The H Share Registrar, Computershare Hong Kong Investor Services Limited, is located at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. Tel: +852 2862 8555, Fax: +852 2865 0990.

The contact details of the Board office of the Company are as follows:

Address: 5/F and 9/F, YCIH Development Building, 188 Linxi Road, Information Industrial Base, Economic and Technological Development Zone, Kunming, Yunnan Province, the PRC

Tel: 0871-6318 7896

Fax: 0871-6331 3458

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YCIH Green High Performance Concrete Co. Ltd. published this content on 22 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 08:49:01 UTC.