China Singyes Solar Technologs Hldgs : Proposed Issue of Us Dollar Denominated Senior Notes

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

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement is not an offer of securities for sale or the solicitation of an offer to buy any securities in the United States or any country or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such country or jurisdiction. Neither this announcement nor anything herein forms the basis of any contract or commitment whatsoever. The securities referred to herein will not be registered under the Securities Act or laws of any state of the United States or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Company has not registered and does not intend to register any of the Notes in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company and management, as well as financial statements. No public offering of securities is to be made by the Company in the United States.

中國興業太陽能技術控股有限公司

(incorporated in Bermuda with limited liability)

The Company proposes to conduct an international offering of US dollar denominated senior notes which will be guaranteed by certain subsidiaries of the Company. The Proposed Notes Issue will only be offered to professional investors outside the United States in compliance with Regulation S of the Securities Act. For the Proposed Notes Issue, BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited and Guotai Junan Securities (Hong Kong) Limited are acting as joint global coordinators. BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited, Guotai Junan Securities (Hong Kong) Limited, SBI China Capital Financial Services Limited, China Everbright Securities (HK) Limited and Sun Hung Kai Investment Services Limited are acting as joint lead managers and joint bookrunners.

The Company proposes to conduct an international offering of US dollar denominated senior notes which will be guaranteed by certain subsidiaries of the Company.

The Proposed Notes Issue will only be offered to professional investors outside the United States in compliance with Regulation S of the Securities Act. None of the Notes will be offered to the public in Hong Kong and none of the Notes will be placed to any Connected Persons of the Company. For the Proposed Notes Issue, BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited and Guotai Junan Securities (Hong Kong) Limited are acting as joint global coordinators. BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited, Guotai Junan Securities (Hong Kong) Limited, SBI China Capital Financial Services Limited, China Everbright Securities (HK) Limited and Sun Hung Kai Investment Services Limited are acting as joint lead managers and joint bookrunners.

Completion of the Proposed Notes Issue is subject to market conditions and investors' interest. Pricing of the Notes, including the aggregate principal amount, the offer price and interest rate, will be determined through a book building exercise to be conducted by BOCI Asia Limited, The Hongkong and Shanghai Banking Corporation Limited, Guotai Junan Securities (Hong Kong) Limited, SBI China Capital Financial Services Limited, China Everbright Securities (HK) Limited and Sun Hung Kai Investment Services Limited as joint bookrunners. Upon finalisation of the terms of the Notes, the Initial Purchasers, the Company and those subsidiaries of the Company acting as guarantors will enter into a purchase agreement, pursuant to which the Initial Purchasers agree to purchase and the Company agrees to sell the Notes. At the closing of the Proposed Notes Issue, the Company is expected to enter into an indenture with the trustee and the agents of the Proposed Notes Issue.

The Company intends to use at least 70% of the net proceeds from the issue of the Notes not to be used to fund the first interest payment to be deposited at closing into an interest reserve account for refinancing and repayment of existing offshore indebtedness and the remaining net proceeds will be used for general corporate purposes.

The Company currently intends to make an application to the Stock Exchange to seek a listing of, and permission to deal in, the Notes on the Stock Exchange by way of debt issues to professional investors only.

In this announcement, the following expressions have the meanings set out below unless the context requires otherwise:

By order of the Board

Chairman

Hong Kong, 6 February 2017

As at the date of this announcement, the executive Directors are Mr. Liu Hongwei (Chairman), Mr. Sun Jinli and Mr. Xie Wen, the non-executive Directors are Mr. Li Huizhong and Mr. Cao Zhirong and the independent non-executive Directors are Mr. Wang Ching, Mr. Yick Wing Fat, Simon and Mr. Cheng Jinshu.