The board of directors (the "Directors") of Green Leader Holdings Group Limited announced that it was recently informed by its non-wholly owned subsidiary, (Shanxi Coal Transportation and Marketing Group Gujiao Century Jinxin Mining Company Limited*) ("Jinxin") that the coal mining operations of Jinxin has been suspended by the relevant People's Republic of China ("PRC") authority in Shanxi Province ("Shanxi"), PRC. Jinxin is a non-wholly owned subsidiary of the Company established in Shanxi and is principally engaged in coal mining and sales of coking coal and other coal products. As disclosed in the 2020 annual report of the Company, the Jinxin mine is one of the five oal mines controlled by the Group. Jinxin was identified as a coal mine for reduction of capacity and restructuring by Shanxi government in 2020. Upon restructuring, its capacity will be increased from 450,000 tonnes per year to 600,000 tonnes per year. As the procedure for reconstructing and expansion has not been completed, the relevant PRC government authority ordered the coal mine to suspend the production temporarily. According to Jinxin, the relevant PRC authority conducted spot checks of its coal mine on 9 March 2021 and noted that Jinxin was still conducting coal mining. The coal mining of Jinxin was ordered to be suspended on 9 March 2021 and further investigation was conducted on 10 March 2021. Penalty and fines of approximately RMB20,804,000 were ordered by the relevant PRC authority against Jinxin in April 2021, and the suspension was imposed on Jinxin and the Safety Production Certificate was withheld. The penalty and fines have been settled on 29 April 2021.