Dynagreen Environmental Protection : ANNOUNCEMENT POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING, A SHARE CLASS MEETING AND H SHARE CLASS MEETING HELD ON 20 DECEMBER 2019

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綠 色 動 力 環 保 集 團 股 份 有 限 公 司

Dynagreen Environmental Protection Group Co., Ltd.*

(a joint stock limited liability company incorporated in the People's Republic of China)

（Stock Code:1330）

ANNOUNCEMENT

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING,

A SHARE CLASS MEETING AND H SHARE CLASS MEETING

HELD ON 20 DECEMBER 2019

References are made to (1) the notice of the extraordinary general meeting (the "EGM") of Dynagreen Environmental Protection Group Co., Ltd.* (綠色動力環保集團股份有限公 司) (the "Company") dated 4 November 2019 (the "Notice of EGM"); (2) the notice of the H share class meeting of the Company (the "H Share Class Meeting") dated 4 November 2019 (the "Notice of H Share Class Meeting"); and (3) the circular of the Company dated 25 November 2019 (the "Circular"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board of Directors (the "Board") of the Company is pleased to announce that the EGM, the A share class meeting of the Company (the "A Share Class Meeting") and the H Share Class Meeting (together with the EGM and the A Share Class Meeting, collectively referred to as the "Meetings") were held consecutively at 3/F, Complex of Beijing Dynagreen Environmental Co., Ltd.* (北京綠色動力環保有限公司), Cailin Road, Yujiawu Township, Tongzhou District, Beijing, the PRC in the form of onsite meeting and online voting (only for A Shares) on Friday, 20 December 2019 at 2:00 p.m. The Meetings were chaired by Mr. Zhi Jun, Chairman of the Company. All the resolutions proposed as set out in the notices of the Meetings were duly passed by the relevant shareholders of the Company by way of poll.

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As at the date of the Meetings, the total number of the issued A Shares and H Shares of the Company was 1,161,200,000, which comprises 756,840,208 A Shares and 404,359,792 H Shares. BSAM and its associates, which control or are entitled to exercise control over the voting rights in respect of 501,189,618 A Shares and 24,859,792 H Shares, representing approximately 45.30% of the total issued share capital of the Company, were required under the Listing Rules to abstain and did abstain from voting on resolutions no. 6, 8, 9 and 11 to 13 at the EGM and resolutions no. 1 to 5 at the Class Meetings. Accordingly, (i) the total number of shares entitling Shareholders to attend and vote for or against resolutions no. 6, 8, 9 and 11 to 13 at the EGM was 635,150,590 Shares, representing approximately 54.70% of the total issued share capital of the Company; (ii) the total number of A shares entitling A Shareholders to attend and vote for or against resolutions no. 1 to 5 at the A Share Class Meeting was 255,650,590 A Shares, representing approximately 33.78% of the total issued A Share capital of the Company; and (iii) the total number of H Shares entitling H Shareholders to attend and vote for or against resolutions no. 1 to 5 at the H Share Class Meeting was 379,500,000 H Shares, representing approximately 93.85% of the total issued H Share capital of the Company. Saved as disclosed above, there were no shares entitling the Shareholders to attend the EGM and the Class Meetings and abstain from voting in favor as set out in Rule 13.40 of the Listing Rules and no Shareholders were required under the Listing Rules to abstain from voting at the EGM and/or the Class Meetings.

Shareholders or their proxies, holding an aggregate of 628,857,148 shares with voting rights, which represented approximately 54.16% of the total number of shares of the Company carrying voting rights, have attended the EGM.

A Shareholders or their proxies, holding an aggregate of 572,729,299 A Shares, which represented approximately 75.67% of the total number of A Shares carrying voting rights, have attended the A Share Class Meeting.

H Shareholders or their proxies, holding an aggregate of 56,127,849 H Shares, which represented approximately 13.88% of the total number of H Shares carrying voting rights, have attended the H Share Class Meeting.

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POLL RESULTS OF THE MEETINGS

EGM

The poll results in respect of the resolutions proposed at the EGM are as follows:

			For	Against	Abstain
	Ordinary resolutions	Number			Number		Number
		of shares		Percentage	of shares	Percentage	of shares	Percentage
		voted		(%)	voted	(%)	voted	(%)
1	To consider and approve the satisfaction	628,060,848		99.873	796,300	0.127	0	0
	of the criteria for non-public issuance of A
	shares.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.
2	To consider and approve the "Dilution of	628,060,848		99.873	796,300	0.127	0	0
	Current Returns due to the Non-Public
	Issuance of A Shares and the Remedial
	Measures".
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.
3	To consider and approve the undertakings	628,060,848		99.873	796,300	0.127	0	0
	with regard to the dilution of current returns
	due to the Proposed Non-public Issuance of
	A Shares.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.
4	To consider and approve the report on the	628,060,848		99.873	796,300	0.127	0	0
	utilisation of the previously raised funds.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.
5	To consider and approve the "Shareholder's	628,060,848		99.873	796,300	0.127	0	0
	Return Plan for the Years 2019-2021".
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.

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			For	Against	Abstain
	Ordinary resolutions	Number			Number		Number
		of shares		Percentage	of shares	Percentage	of shares	Percentage
		voted		(%)	voted	(%)	voted	(%)
6	To consider and approve the authorisation	102,011,438		99.225	796,300	0.775	0	0
	to the Board to handle relevant matters in
	connection with the Proposed Non-public
	Issuance of A Shares.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.
7	To consider and approve the provision of	627,051,548		99.713	1,805,600	0.287	0	0
	guarantees by the Company in respect of
	the fixed asset loans to its wholly owned
	subsidiaries, Guizhou Jinsha Green Energy
	Co . Ltd* ( 貴州金沙綠色能源有限公
	司) and Enshi Green Power Renewable
	Energy Co., Ltd* (恩施綠色動力再生
	能源有限公司), and by the Company's
	wholly owned subsidiary, Guangdong
	Bohai Yuneng Environmental Protection
	C o . L t d * ( 廣東博海昕能環保有限
	公司) in respect of the fixed asset
	loans to its wholly owned subsidiaries,
	Z h a o q i n g B o n e n g R e n e w a b l e
	Resources Power Generation Co .
	Ltd* ( 肇慶市博能再生資源發電有限
	公司).
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an ordinary resolution.

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			For	Against	Abstain
	Special resolutions
	Number of		Percentage	Number of	Percentage	Number of	Percentage
		shares voted		(%)	shares voted	(%)	shares voted	(%)
8	To consider and approve each of the following proposals concerning the Proposed Non-public Issuance of A Shares:
8.1	class and par value of shares to be issued	102,011,438		99.225	796,300	0.775	0	0
8.2	method and time of issuance	102,011,438		99.225	796,300	0.775	0	0
8.3	target subscribers and the subscription	102,011,438		99.225	796,300	0.775	0	0
	method
8.4	Pricing Benchmark Date and issue price	102,011,438		99.225	796,300	0.775	0	0
8.5	number of A Shares to be issued	102,011,438		99.225	796,300	0.775	0	0
8.6	amount and use of proceeds	102,011,438		99.225	796,300	0.775	0	0
8.7	lock-up period	102,011,438		99.225	796,300	0.775	0	0
8.8	place of listing of the A Shares to be issued	102,011,438		99.225	796,300	0.775	0	0
8.9	arrangement of accrued undistributed profit	102,011,438		99.225	796,300	0.775	0	0
	of the Company prior to the proposed non-
	public issuance of A Shares
8.10	validity period of resolution	102,011,438		99.225	796,300	0.775	0	0
	As more than two-thirds of the votes were cast in favour of the abovementioned resolutions, the resolutions were duly passed as special
	resolutions.
9	To consider and approve the "Proposal in	102,011,438		99.225	796,300	0.775	0	0
	respect of the Proposed Non-public Issuance
	of A Shares".
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as a special
	resolution.

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			For	Against	Abstain
	Special resolutions
	Number of		Percentage	Number of	Percentage	Number of	Percentage
		shares voted		(%)	shares voted	(%)	shares voted	(%)
10	To consider and approve the "Feasibility	628,060,848		99.873	796,300	0.127	0	0
	Report on the Use of Proceeds from the
	Non-public Issuance of A Shares".
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as a special
	resolution.
11	To consider and approve the connected	102,011,438		99.225	796,300	0.775	0	0
	transaction with BSAM and the execution of
	the BSAM Subscription Agreement.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as a special
	resolution.
12	To consider and approve the waiver of	101,283,138		98.517	1,524,600	1.483	0	0
	BSAM's obligations to make a general offer
	of the securities of the Company as a result
	of the BSAM Subscription under PRC laws
	and regulations.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as a special
	resolution.
13	To consider and approve the Specific	102,011,438		99.225	796,300	0.775	0	0
	Mandate.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as a special
	resolution.

For details of the aforesaid resolutions, please refer to the Notice of EGM and the Circular.

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A Share Class Meeting

The poll results in respect of the resolutions proposed at the A Share Class Meeting are as follows:

		For	Against	Abstain
	Special resolutions	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
	To consider and approve each of the following proposals concerning the Proposed Non-public Issuance of A Shares:
1.1	class and par value of shares to be	71,534,381	99.993	5,300	0.007	0	0
	issued
1.2	method and time of issuance	71,534,381	99.993	5,300	0.007	0	0
1.3	target subscribers and the subscription	71,534,381	99.993	5,300	0.007	0	0
	method
1.4	Pricing Benchmark Date and issue	71,534,381	99.993	5,300	0.007	0	0
	price
1.5	number of A Shares to be issued	71,534,381	99.993	5,300	0.007	0	0
1.6	amount and use of proceeds	71,534,381	99.993	5,300	0.007	0	0
1.7	lock-up period	71,534,381	99.993	5,300	0.007	0	0
1.8	place of listing of the A Shares to be	71,534,381	99.993	5,300	0.007	0	0
	issued
1.9	arrangement of accrued undistributed	71,534,381	99.993	5,300	0.007	0	0
	profit of the Company prior to the
	proposed non-public issuance of A
	Shares
1.10	validity period of resolution	71,534,381	99.993	5,300	0.007	0	0
	As more than two-thirds of the votes were cast in favour of the abovementioned resolutions, the resolutions were duly
	passed as special resolutions.

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		For	Against	Abstain
	Special resolutions	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
2	To consider and approve the "Proposal	71,534,381	99.993	5,300	0.007	0	0
	in respect of the Proposed Non-public
	Issuance of A Shares".
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
3	To consider and approve the	71,534,381	99.993	5,300	0.007	0	0
	connected transaction with BSAM
	and the execution of the BSAM
	Subscription Agreement.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
4	To consider and approve the Specific	71,534,381	99.993	5,300	0.007	0	0
	Mandate.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
		For	Against	Abstain
	Ordinary resolution	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
5	To consider and approve the	71,534,381	99.993	5,300	0.007	0	0
	authorisation to the Board to handle
	relevant matters in connection with
	the Proposed Non-public Issuance of
	A Shares.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an
	ordinary resolution.

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H Share Class Meeting

The poll results in respect of the resolutions proposed at the H Share Class Meeting are as follows:

		For	Against	Abstain
	Special resolutions	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
	To consider and approve each of the following proposals concerning the Proposed Non-public Issuance of A Shares:
1.1	class and par value of shares to be	30,477,057	97.470	791,000	2.530	0	0
	issued
1.2	method and time of issuance	30,477,057	97.470	791,000	2.530	0	0
1.3	target subscribers and the subscription	30,477,057	97.470	791,000	2.530	0	0
	method
1.4	Pricing Benchmark Date and issue	30,477,057	97.470	791,000	2.530	0	0
	price
1.5	number of A Shares to be issued	30,477,057	97.470	791,000	2.530	0	0
1.6	amount and use of proceeds	30,477,057	97.470	791,000	2.530	0	0
1.7	lock-up period	30,477,057	97.470	791,000	2.530	0	0
1.8	place of listing of the A Shares to be	30,477,057	97.470	791,000	2.530	0	0
	issued
1.9	arrangement of accrued undistributed	30,477,057	97.470	791,000	2.530	0	0
	profit of the Company prior to the
	proposed non-public issuance of A
	Shares
1.10	validity period of resolution	30,477,057	97.470	791,000	2.530	0	0
	As more than two-thirds of the votes were cast in favour of the abovementioned resolutions, the resolutions were duly
	passed as special resolutions.

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		For	Against	Abstain
	Special resolutions	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
2	To consider and approve the "Proposal	30,477,057	97.470	791,000	2.530	0	0
	in respect of the Proposed Non-public
	Issuance of A Shares".
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
3	To consider and approve the	30,477,057	97.470	791,000	2.530	0	0
	connected transaction with BSAM
	and the execution of the BSAM
	Subscription Agreement.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
4	To consider and approve the Specific	30,477,057	97.470	791,000	2.530	0	0
	Mandate.
	As more than two-thirds of the votes were cast in favour of the abovementioned resolution, the resolution were duly passed as
	a special resolution.
		For	Against	Abstain
	Ordinary resolution	Number		Number		Number
		of shares	Percentage	of shares	Percentage	of shares	Percentage
		voted	(%)	voted	(%)	voted	(%)
5	To consider and approve the	30,477,057	97.470	791,000	2.530	0	0
	authorisation to the Board to handle
	relevant matters in connection with
	the Proposed Non-public Issuance of
	A Shares.
	As more than half of the votes were cast in favour of the abovementioned resolution, the resolution was duly passed as an
	ordinary resolution.

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For details of the aforesaid resolutions, please refer to the Notice of H Share Class Meeting and the Circular.

Tricor Investor Services Limited (the Company's H Share registrar) was appointed as the scrutineer of the Meetings.

Beijing Kangda Law Firm, the PRC legal advisor of the Company, has witnessed the EGM, the H Share Class Meeting and the A Share Class Meeting, and is of the opinion that the convening and holding procedures of the EGM, the H Share Class Meeting and the A Share Class Meeting conform to the requirements under the Company Law, the Rules for General Meetings and the Articles of Association of the Company; that the convener and attendees of the EGM, the H Share Class Meeting and the A Share Class Meeting satisfy the respective eligibility requirements; and that the voting procedures and results of the Meetings are both legitimate and valid.

By Order of the Board

Dynagreen Environmental Protection Group Co., Ltd.*

Zhi Jun

Chairman

Beijing, the PRC

20 December 2019

As at the date of this announcement, the non-executive Directors of the Company are Mr. Zhi Jun, Mr. Liu Shuguang, Mr. Cheng Suning and Mr. Cao Jinjun, the executive Directors of the Company are Mr. Qiao Dewei and Mr. Hu Shengyong and the independent non-executive Directors of the Company are Mr. Ou Yuezhou, Ms. Fu Jie and Mr. Xie Lanjun.

• For identification purposes only

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