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Add New Energy Investment Holdings Group Limited

愛 德 新 能 源 投 資 控 股 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02623)

VOLUNTARY ANNOUNCEMENT

DEVELOPMENT OF LOGISTICS BUSINESS

This announcement is made by Add New Energy Investment Holdings Group Limited (the "Company") on a voluntary basis.

The board of directors (the "Board") of the Company is pleased to announce that the Company has successfully established a logistics company in Hami City, Xinjiang, China - 新彊新星天 山 物 流 有 限 公 司 Xinjiang Xinxing Tianshan Logistics Co., Ltd.* (the "Logistics Company").

As disclosed in the 2020 annual report, based on the research, the Company targets the regional characteristic of Xinjiang, putting emphasis on the modern logistics business with the application of 5G technology. By efficiently using resources including logistical information, warehouses, vehicles and highways, the Company aims to making its presence across Xinjiang and developing new logistics business, so as to explore additional source of income for the Group.

The Group will actively develop its logistics business through the Logistics Company.

By order of the Board

Add New Energy Investment Holdings Group Limited

Geng Guohua

Chief Executive Officer

Hong Kong, 5 May 2021

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As at the date of this announcement, the executive Directors are Mr. Li Yunde (Chairman), Mr. Geng Guohua (Chief Executive Officer) and Mr. Lang Weiguo; the independent non-executive Directors are Mr. Leung Nga Tat, Mr. Zhang Jingsheng and Mr. Li Xiaoyang.

*For identification purpose only

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Add New Energy Investment Holdings Group Ltd. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 04:04:03 UTC.