About CEB GREENTECH Company

(1) Status of establishment In order to better identify and establish the value of the green environmental protection business as an independent enterprise and explore the shareholder value of Everbright Environmental's shareholders, Everbright Environment split the three segments of its green environmental protection division, namely biomass comprehensive utilization business, hazardous waste and solid waste disposal business, and photovoltaic power generation and wind power business, from Everbright Environmental's business system and became the subject of overseas listing. In this context, the issuer was incorporated as an exempted limited company under the Cayman Islands Companies Act on October 13, 2015, and is the subject of an overseas listing. When the issuer was established, the authorized share capital was 50,000 US dollars, divided into 50,000 shares, each with a face value of 1.00 US dollars. The issuer holds a Certificate of Incorporation (number: CT-304834) issued by the Cayman Islands Registrar of Companies. (2) Historical evolution and changes On October 13, 2015, the issuer was established in accordance with the Cayman Islands Companies Act. On the date of registration, the issuer issued 1 common share with a face value of 1.00 US dollars per share to the initial subscribers, and transferred the above shares to China Everbright Green Holdings on the same day. As a result, China Everbright Green Holdings became the sole shareholder of the issuer. On November 20, 2015, the issuer issued 99 common shares with a face value of 1.00 US dollars per share to China Everbright Green Holdings. On November 24, 2015, the issuer issued 100 common shares with a face value of 1.00 US dollars per share to China Everbright Green Holdings. On December 2, 2015, the issuer issued 100 common shares with a face value of 1.00 US dollars per share to China Everbright Green Holdings. On April 29, 2016, the issuer issued 100 common shares with a face value of $1.00 per share to China Everbright Green Holdings. On April 10, 2017, the issuer split 1 share with a face value of 1 US dollar per share in the share capital into 10 shares of 0.1 US dollars each. Meanwhile, the issuer's authorized share capital increased from 50,000 US dollars, 500,000 shares with a face value of 0.1 US dollars per share, to 4,999,500,000 shares with a face value of 0.1 US dollars per share. At this point, the issuer's authorized share capital is USD 500,000,000, divided into 5,000,000,000 shares (each with a face value of 0.1 USD). On April 10, 2017, China Everbright Green Holdings, the sole shareholder of the issuer, issued a resolution to allocate and issue shares of the issuer's registered shareholders or shareholders of the General Stock Transfer Office according to their current share share ratio at the time of the issuer's share premium balance of $143,999,600 to transfer 1,439,996,000 shares to the end of business hours on April 13, 2017 (or any other date the director may specify). All parties enjoyed the same status as shares that were publicly issued at the time. On May 8, 2017, the issuer was listed on the main board of the Stock Exchange (stock code 1257.HK). At the time of listing, the issuer publicly issued 560,000,000 shares at HK$5.4 per share. On May 26, 2017, the issuer exercised the over-allotment of shares in the initial public offering and issued an additional 66,078,000 new common shares at HK$5.4 per share. The total amount of capital raised was approximately HK$3,380,821,000. As of the date the prospectus was signed, the issuer's authorized share capital was USD 500,000, and the number of issued shares was 2,066,078,000 shares. The issuer's controlling shareholder, actual controller and shareholding structure are described in “3. Controlling Shareholder and Actual Controller of the Issuer” in this chapter. Announcement on June 20, 2022: Huang Haiqing assumed the position of Chairman of the Board of Directors.