China Titans Energy Technology : Announcements and Notices - VOLUNTARY ANNOUNCEMENT - AWARD OF CONCESSION OPERATION RIGHTS IN RELATION TO THE CONSTRUCTION OF ELECTRIC VEHICLES PUBLIC CHARGING FACILITIES IN SHAOGUAN CITY

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China Titans Energy Technology Group Co., Limited ʕ਷इվঐ๕ҦஔණྠϞࠢʮ̡*

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2188)

VOLUNTARY ANNOUNCEMENT AWARD OF CONCESSION OPERATION RIGHTS

IN RELATION TO THE CONSTRUCTION OF ELECTRIC VEHICLES PUBLIC CHARGING FACILITIES

IN SHAOGUAN CITY

The board of directors (the "Board") of China Titans Energy Technology Group Co., Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce that according to the tender award announcement jointly issued by Shaoguan City Development and Reformation Authority* (ჭᗫ̹೯࢝ձҷࠧ҅) and Guangzhou Qunsheng Tender Agency Company Limited (Shaoguan Branch)* (ᄿψ໊͛םᅺ˾ଣϞࠢʮ̡ჭᗫʱʮ̡) on 8 January 2018 (the "Announcement"), a group comprised of Zhuhai Yilian New Energy Motor Co., Ltd.* (मऎ᜔ᑌอঐ๕ӛԓϞࠢʮ̡) (a subsidiary of the Company and as leader of the said group) and two other companies as members of the said group (the "Successful Bidders Group"), was awarded the concession operation rights (त஢຾ᐄᛆ )in relation to the construction of electric vehicles public charging facilities in Shaoguan City (ჭᗫ̹), Guangdong Province (ᄿ؇޲), the People's Republic of China (the "PRC") (the "Project").

According to the information in the Announcement, the concession operation period is 20 years (from January 2018 to 31 December 2037) (the "Concession Operation Period") and the Successful Bidders Group shall pay 10.18% of the charging services fees derived from the charging facilities constructed to the PRC government as the licence fee for concession operation rights.

The directors of the Company (the "Directors") believe that the Project is consistent with the Group's development strategies and will enhance and scale-up its business in the investment, construction and operation of electric vehicles charging facilities.

The Announcement is still within the publicity period (being 7 business days from the date of the Announcement) during which written objections may be filed. Further announcement will be made by the Company in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as and when appropriate.

By Order of the Board

China Titans Energy Technology Group Co., Limited

Li Xin Qing

Chairman

Hong Kong, 9 January 2018

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Li Xin Qing and Mr. An Wei; and three independent non-executive Directors, namely Mr.

Li Wan Jun, Mr. Zhang Bo and Mr. Pang Zhan.

*

For identification purpose only