China Smarter Energy : FURTHER DELAY IN DESPATCH OF CIRCULAR

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CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED ʕ਷౽ᅆঐ๕ණྠછٰϞࠢʮ̡*

(Incorporated in Bermuda with limited liability)

(Stock Code: 1004)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of China Smarter Energy Group Holdings Limited (the "Company") dated 27 January 2021 in relation to the major disposal of a subsidiary of the Company (the "Disposal") and the announcement of the Company dated 19 February 2021 in relation to the delay in dispatch of circular (collectively, the "Announcements"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcements.

It was stated in the Announcements that a circular (the "Circular") containing, among other, (i) further details of the Disposal and the transactions contemplated thereunder; (ii) other information as required under the Listing Rules; and (iii) notice of the SGM will be dispatched to the Shareholders on or before 12 March 2021.

As additional time is required for the Company to prepare and finalise the financial information, including the statement as to the sufficiency of working capital and the statement as to indebtedness, for inclusion in the Circular, the despatch date of the Circular has been postponed to on or before 1 April 2021.

By order of the Board

China Smarter Energy Group Holdings Limited

Chen Xiaxuan

Executive Director

Hong Kong, 12 March 2021

As at the date of this announcement, Mr. Hu Hanyang, Mr. Weng Xiaoquan, Mr. Bo Dateng and Mr. Chen Xiaxuan are the executive directors of the Company; and Mr. Lam Cheung Mau, Mr. Pun Hau Man and Mr. Wang Yuzhou are the independent non-executive directors of the Company.

* For identification purposes only