Sino Energy International : QUARTERLY ANNOUNCEMENT

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1096)

QUARTERLY ANNOUNCEMENT

This announcement is made by Sino Energy International Holdings Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 and Rule 13.24A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (i) the announcements of the Company dated 31 March 2020, 15 May 2020, 2 June 2020, 30 June 2020, 8 July 2020, 31 July 2020, 5 August 2020, 31 August 2020, 30 September 2020, 6 November 2020, 30 November 2020, 31 December 2020, 29 January 2021, 31 March 2021 and 1 April 2021 in respect of the delay in the publication of audited annual results and annual report, as well as the unaudited interim results and interim report; and (ii) the announcement of the Company dated 14 October 2020 in respect of the resumption guidance ("Initial Resumption Guidance") and the quarterly update announcement of the Company dated 30 November 2020 (collectively, the "Announcements"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

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ADDITIONAL RESUMPTION GUIDANCE

On 24 November 2020, the Company received a letter from the Stock Exchange, in which the Stock Exchange set the following additional resumption guidance (together with the Initial Resumption Guidance, the "Resumption Guidance"), apart from the Initial Resumption Guidance:

1. demonstrate its compliance with Rule 13.24.

The Stock Exchange has indicated that it might modify or supplement the Resumption Guidance if the Company's situation changes.

The Company is taking steps to comply with the Resumption Guidance and the said Listing Rules as stated in the Resumption Guidance and will keep the shareholders and the public investors informed of any updates by making further announcement as and when appropriate.

UPDATES ON RESUMPTION PLAN OF THE GROUP AND PROGRESS OF RESUMPTION PLAN

In compliance with Rule 13.24A of the Listing Rules, the quarterly updates on the Company's progress and development of the resumption of trading of the Shares are set out below.

Further delay in publication of 2019 audited annual results and dispatch of 2019 annual report

As disclosed in the Company's announcement dated 31 March 2021, it is expected that the 2019 Audited Annual Results and the 2019 Annual Report will be published and despatched by 30 April 2021.

Further delay in publication of 2020 interim results

As disclosed in the Company's announcement dated 31 March 2021, the Company expects that the 2020 Interim Results can be published in two weeks from the date of issuance of the Audited Annual Results.

Delay in publication of 2020 audited annual results

As disclosed in the Company's announcement dated 1 April 2021, it is expected that the 2020 Audited Annual Results and the 2020 Annual Report will be published and despatched by 30 June 2021.

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Updates on the business operations on the Group

The Company's principal business is manufacturing and sales of casual footwear, apparel and related accessories in the PRC. The Company also engages in operating gas stations. To the best knowledge of the Directors, as at the date of this announcement, the business operations of the Group are continuing as usual in all material respects.

On the other hand, the Group will continue to identify attractive investment and acquisition opportunities to increase the profitability and shareholders' value of the Company in the foreseeable future.

The Company will make announcement(s) to update its shareholders and investors of the development of the business operations of the Group, as and when appropriate.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in shares of the Company was suspended from 9:00 a.m. on 1 September 2020 and will remain suspended pending for the publication of 2019 Audited Annual Results, 2020 Interim Results and 2020 Audited Annual Results.

Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the Company's shares or other securities of the Company.

Further announcement(s) will be issued by the Company in relation to the above matters as and when appropriate.

By Order of the Board

Sino Energy International Holdings Group Limited

Chen Jianbao

Chairman

Hong Kong, 7 April 2021

As at the date of this announcement, the executive Directors are Mr. Chen Jianbao, Ms. Cai Xiuman, Mr. Zhang Wenbin, Mr. Wang Qingshan and Mr. Zhu Tianxiang; and the independent non-executive Directors are Mr. Chen Jinzhong, Roy, Mr. Chai Chung Wai and Mr. Chong Cha Hwa.

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