China Smarter Energy : INSIDE INFORMATION - UPDATE ON WINDING UP PETITION

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CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED

中 國 智 慧 能 源 集 團 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 1004)

INSIDE INFORMATION - UPDATE ON WINDING UP PETITION

This announcement is made by China Smarter Energy Group Holdings Limited (the "Company") pursuant to Rules 13.09(2)(a) and 13.19 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). Reference is made to the announcements of the Company dated 15 May 2020 and 20 May 2020 respectively (the "Announcements"). Unless otherwise defined, terms used herein shall have the same meanings as defined in the Announcements.

In connection with the Petition, the Company and the Petitioner had on 11 August 2020 filed a consent summons to the Court for adjournment of the hearing date originally scheduled on 12 August 2020 (the "Hearing Date"). As the date of this announcement, the court made an order approving the Hearing Date to be adjourned to 18 November 2020.

The Board will update the shareholders and potential investors of the Company on any further development on the matter by way of further announcement(s) as and when necessary in accordance with the Listing Rules.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

China Smarter Energy Group Holdings Limited

Zhang Liang

Chairman

Hong Kong, 12 August 2020

As at the date of this announcement, Mr. Zhang Liang, Mr. Hu Hanyang, Mr. Weng Xiaoquan, Mr. Bo Dateng, Mr. Gao Fei and Mr. Yin Yilin 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