Dongjiang Environmental : PROPOSED REGISTRATION AND ISSUE OF MEDIUM-TERM 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.

PROPOSED REGISTRATION AND ISSUE

OF MEDIUM-TERM NOTES

This announcement is made by Dongjiang Environmental Company Limited (the "Company") pursuant to Rules 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

PROPOSED REGISTRATION AND ISSUE OF MEDIUM-TERM NOTES

Taking into account the actual funding needs of the Company, the Company proposes to issue medium-term notes.

Proposal in relation to the issue of medium-term notes:

Party seeking	:	Dongjiang Environmental Company Limited
registration/Issuer
Size of registration and issue	:	Proposed registration and issue size not exceeding
		RMB1.5 billion (inclusive)
Issue method	:	Public issue will be conducted in the national inter-bank
		bond market by the lead underwriter by way of book-
		building and centralised placing.
Term of notes	:	Not exceeding 3 years
Interest rate	:	To be determined on the prevailing market condition
Guarantor	:	No guarantee required
Use of proceeds	:	Mainly use for replenishment of working capital,
		repayment of interest-bearing debts, ongoing project
		constructionand other applications in compliance with
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		National Association of Financial Market Institutional
		Investors(the" NAMFII") requirements
Validity of Resolution	:	The resolution of medium-termnotes is valid for 12
		months from the date of approval by the general meeting
		of the Company.
Issued to	:	National Interbank Bond Market Qualified Institutional
		Investors (except buyers prohibited by national laws and
		regulations)

Application for authorization

To enhance efficiency and in accordance with the relevant laws and regulations and the articles of association (the "Articles") of the Company, the Company will submit a request to its general meeting for the authorisation of the chairman of the board of directors of the Company or his authorised personnel to implement matters pertaining to the registration and issue of the medium term notes, including but not limited to:

1. Confirming the specific terms, conditions and other matters of the issue of the medium-term notes;
2. Determining the engagement of underwriter(s) and other relevant intermediaries providing services for the issue of the medium-term notes;
3. Amending, signing, and declaring all agreements and legal documents in relation to the issue of the medium-term notes, and carrying out the procedures of declaration, registration and information disclosure in relation to the issue of the medium-term notes;
4. adjusting as appropriate the actual plan for the issue of the medium-term notes and other pertinent matters based on the comments from regulatory authorities, or determining, based on the actual conditions, whether proceedings relating to the issue of the medium-term notes should be carried on with, in the event of any changes to relevant regulatory policies or market conditions; and
5. dealing with other matters in relation to the issue of the medium-term notes.

The aforesaid issue of medium-term notes is required to be submitted to the general meeting of the Company for approval and such authorization shall remain effective during the valid period for the registration of the medium-term notes.

Approval procedure

The issue of the medium-term notes has been approved by the board of directors of the Company and is required to be submitted to the general meeting of the Company for approval.

The implementation of the proposal of the issue of medium-term notes is subject to registration with the NAFMII and the final proposal of the current proposed issue is subject to the issue of the notice of acceptance of registration of the NAFMII.

The Company will disclose information on the proposed issue of medium-term notes in a timely

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manner in accordance with the relevant laws and regulations.

As the registration and issue of the medium-term notes may or may not materialise, shareholders and/or potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Dongjiang Environmental Company Limited*

Tan Kan

Chairman

Shenzhen, the PRC, 26 December 2019

As at the date of this announcement, the Board of Directors of the Company comprises two executive Directors, being Mr. Tan Kan, Mr. Yao Shu; four non-executive Directors, being Mr. Liu Boren, Mr. Huang Yiming, Mr. Lu Bei and Mr. Jin Yongfu and three independent nonexecutive Directors, being Mr. Zhu Zhengfu , Mr. Qu Jiu Hui and Mr. Wong Hin Wing.

* For identification purpose only

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