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.

TK NEW ENERGY Tonking New Energy Group Holdings Limited 同景新能源集團控股有限公司 * (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8326)

VOLUNTARY ANNOUNCEMENT LATEST INFORMATION OF BUSINESS

Announcement of Solar Project Orders

This is a voluntary announcement made by Tonking New Energy Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”).

The board (“Board”) of directors (“Directors”) of the Company would like to inform the shareholders of the Company and potential investors that the latest information of the Group’s developments concerning the new energy business developed through its wholly-owned subsidiaries is:

The Group has currently realized the intelligent models of ecological integration in the photovoltaic aspects of agricultural, fishery, etc., and the personalized intelligent solutions for mountains, rooftop, etc. The self-developed “floating + tracking” solution and the precast pile-style fishery photovoltaic solution have achieved the win-win situation from the perspectives of enhancing power generation and reducing investment in systems, which has promoted the Group’s core competitiveness in the new energy market.

The Group acts in line with the local conditions while actively promoting the guiding ideology of the Thirteenth Five-year Plan of , strengthens the leading role of technological innovation, accelerates the improvement of ecological environment while developing the green environmental-protection industry and supports the accelerated development of poverty-stricken areas by realizing the poverty alleviation photovoltaic demo projects.

1 The Group has entered into various contracts concerning the new energy business between July and October 2016 with the installed capacity of 106.9811MWp. Among the contracts, the order from the collaboration with Xinyi Solar (00968.HK) amounts to 103MWp, which would vigorously promote the business capacity of the Group.

Enclosed: Orders are as follows:

(i) On 15 July 2016, entered into a sale and installation contract with Wuhan Rixin Technology Holding Company Limited in relation to the 55.8KWp photovoltaic project in Rixin PV Park of Wuhan Rixin Technology Holding Company Limited;

(ii) On 20 July 2016, entered into a purchasing and installation contract with the Village Committee of Hamashi Village, Tiancheng Town, Chongyang County in relation to the 100KW poverty alleviation photovoltaic power stations in Hamashi Village, Tiancheng Town, Chongyang County;

(iii) On 21 July 2016, entered into a sale contract of oblique uniaxial tracking mounting bracket with Zhangjiakou Yiyuan New Energy Development Company Limited* (張家口億源新能源開發有限 公司) in relation to the 500kW poverty alleviation photovoltaic demo project in Zhangbei County of Zhangjiakou Yiyuan New Energy Development Company Limited;

(iv) On 22 July 2016, entered into a purchasing contract with Zhejiang Jiangshan Hengliang Bee Products Company Limited in relation to the 700kWp solar power rooftop photovoltaic project of Hengliang;

(v) On 31 July 2016, entered into a purchase and sale contract of the support bracket system and devices with Xinyi Renewable () Limited* (信義新能源（壽縣）有限公司) for the 7.5MWP oblique uniaxial tracking unit of the grid connection of fishery photovoltaic power station II project in Shou County, City, Province;

(vi) On 12 September 2016, entered into a purchasing contract with 沂源藍科光伏太陽能服務有限公 司 in relation to the 57.75KW agricultural poverty alleviation photovoltaic power station project in Yiyuan County;

(vii) On 26 September 2016, entered into a construction contract of the support bracket system with Xinyi Solar (Huainan) Limited* (信義光能（淮南）有限公司) for the newly added 531.36KWp flat uniaxial tracking unit of the fishery photovoltaic power station testing project in the coal mining subsidence area in Huainan;

(viii) On 28 September 2016, entered into a purchasing contract of 0.9911MW oblique uniaxial tracking mounting bracket system of 宿州市晶科光伏發電有限公司 with 宿州市晶科光伏發電有限公司.

(ix) On 4 October 2016, entered into a purchase and sale contract of the flat uniaxial tracking mounting bracket with 南京輝強新能源科技有限公司 for the 1.049MWp agricultural photovoltaic project of 龍泉市旭泉太陽能開發有限公司 in 東旭龍泉;

2 (x) On 6 October 2016, entered into a sale contract of oblique uniaxial tracking mounting bracket with 內蒙古億洲新能源裝備製造工程有限公司 for the 280 KW village power station project of 內蒙古 億洲新能源裝備製造工程有限公司 in Laiyuan County, Hebei Province;

(xi) On 17 October 2016, entered into a facilities purchasing and installation contract with 古溝回族鄉 人民政府 of Panji , Huainan City in relation to the 2*60KWP photovoltaic power stations in Gugouxiang of the 2016 fiscal poverty alleviation fund of ;

(xii) On 17 October 2016, entered into a purchasing and installation contract with 金寨筆架山創福發展 有限公司 in relation to the 200KW tracking agricultural photovoltaic project in Bijiashan Village, Tangjiahui, Jin Zhai County.

(xiii) On 18 October 2016, entered into a purchase and sale contract of the support bracket system and devices with Xinyi Solar (Wangjiang) Limited* (信義光能（望江）有限公司) for the 45MWp flat uniaxial tracking unit of the grid connection of the Xinyi photovoltaic power station project in ; and

(xiv) On 18 October 2016, entered into a purchase and sale contract of the support bracket system and devices with Xinyi Solar (Wuwei) Limited* (信義光能（無為）有限公司) for the 50MWp flat uniaxial tracking unit of the Xinyi fishery photovoltaic power station project in Niubu Town, Wuwei County, City, Anhui Province.

The Board considers that the new energy business will diversify the Group’s businesses and broaden its revenue base. Accordingly, the Board is of the view that the proposed transactions concerning the new energy business are fair and reasonable and in the interest of the Company and its shareholders as a whole.

The Board considers that with the Group’s strong capital strength, advanced technological level and well-managed client channels, the new energy business will maintain a steady and sustained growth.

WARNING NOTICE

Shareholders and potential investors should exercise caution when dealing in the shares of the Company, and if they are in any doubt about their position, they should consult their professional advisers.

By order of the Board Tonking New Energy Group Holdings Limited* Mr. Wu Jian Nong Executive Director, Chairman of the Board and Chief Executive Officer

Hong Kong, 25 October 2016

3 As at the date of this announcement, the executive Directors are Mr. Wu Jian Nong, Ms. Shen Meng Hong, Mr. Xu Shui Sheng and Mr. Zhou Jian Ming; and the independent non-executive Directors are Ms. Au Man Yi, Mr. Pao Ping Wing and Ms. Wang Xiaoxiong.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the Stock Exchange’s website (www.hkexnews.hk) for 7 days from the date of its posting and will also be published on the Company’s website (www.tonkinggroup.com.hk).

* for identification purpose only

4