Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NewOcean Energy Holdings Limited ( 新海能源集團有限公司 )*

(Incorporated in Bermuda with limited liability)

(Stock Code: 342)

Website:http://www.newoceanhk.com

PROFIT WARNING CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of the Company in relation to profit warning published today (the "Announcement"). Terms used in this announcement have the same meanings as defined in the Announcement unless otherwise required by the context.

The Board wishes to clarify that there is a clerical mistake identified in our English version of the Announcement. The amount set out in the last sentence of the third paragraph on page 1 of the Announcement: "HK$20,000 million" should be correctly stated as "HK$2,000 million".

The above clarification does not affect other information contained in the Announcement and the content of the Announcement remain correct and unchanged.

By Order of the Board

Shum Siu Hung

Chairman

Hong Kong, 30 March 2021

At the date of this announcement, the Board comprises Mr. Shum Siu Hung, Mr. Shum Chun, Lawrence and Mr. Cen Ziniu, being the executive directors, Mr. Cheung Kwan Hung, Anthony, Mr. Chan Yuk Wai, Benedict and Dr. Xu Mingshe, being the independent non-executive directors.

* for identification purpose only

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NewOcean Energy Holdings Limited published this content on 30 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2021 11:28:02 UTC.