Guodian Technology & Environment Group Corporation Limited announced continuing connected transactions entering into of the framework agreement for purchase and sale of comprehensive products and Services for 2022 to 2024 Date: 5 November 2021 (after trading hours); Parties: (a) the company; and (b) China Energy Investment Group Co., Ltd; Term: The term of the 2021 Purchase and Sale Framework Agreement is from 1 January 2022 to 31 December 2024; Subject matter: Products and services to be provided by the Group to China Energy and its subsidiaries mainly include: Products: environmental protection equipment (including ash removal, water treatment, denitrification catalyst, etc.), energy conservation equipment (including plasma ignition, etc.), wind power pitch control system, converters and power station DCS control system; and Engineering services: environmental protection services (including desulfurization and denitrification concession operation, desulfurization and denitrification Engineering Procurement Construction (EPC), integrated energy services, water treatment and water operation, etc.), energy conservation services (including steam turbine flow passage transformation, heat supply transformation, heat supply operation and maintenance and contractual energy management, etc.), intelligent station construction and commissioned management and operation, etc. Products and services to be provided by China Energy and its subsidiaries to the Group mainly include water, electricity, steam, wind turbine generators and their operation and maintenance services, new energy power station construction EPC and technical consulting services. The parties agree that the signing of the 2021 Purchase and Sale Framework Agreement shall not preclude them from choosing counterparties at their discretion, or conducting transactions with third parties. China Energy undertake that they will provide and procure its subsidiaries to provide the Group with products and services on terms that are not less favourable than those offered to third parties. Further, the price of products and services to be provided by the Group will be not more favourable than those offered to the third parties suppliers. China Energy and its subsidiaries agree to prioritize the use of the Group's products and services, in the event that conditions and fees payable for the products and services to be provided by third parties are comparable with those of the products and services to be provided by the Group. China Energy and its subsidiaries are entitled to provide products and services to third parties, under the condition that the products and services to be provided to the Group will not be affected. Where any of the parties fails to satisfy the needs for products and services of another party, or the conditions to be provided by an independent third party are more favorable, the party is entitled to acquire products and services from the independent third party. Each party shall, on annual basis, provide the other parties with an estimation for the amount of products and services required in the coming year. The Group and China Energy and its subsidiaries will enter into separate agreements which set out the specific scope of products and services, terms and conditions of providing such services and products on normal commercial terms. Pricing policy: According to the general pricing policy of the Company on continuing connected transactions, the pricing of the products and services in relation to the 2021 Purchase and Sale Framework Agreement shall be determined in accordance with the following general principles and sequence, but the pricing of products or services provided by the Group to China Energy and its subsidiaries shall not be lower than the pricing of the same products or services provided to Independent Third Parties, and the pricing of products or services purchased by the Group from China Energy and its subsidiaries shall not be higher than the pricing for the same products or service purchased from Independent Third Parties: where there is a government-prescribed price, the government- prescribed price; where there is no government-prescribed price but there is a government guidance price, the government-guidance price; where there is neither government-prescribed price nor government- guidance price, the historical transaction price or prevailing market price; or where none of the aforesaid is available, the principle of reasonable cost plus reasonable profit shall be adopted in determining the appropriate price. Payment terms Payment and settlement shall be made in cash or other methods as may be agreed by the relevant parties, subject to the specific terms on timing and method of payment and settlement under the separate agreements. The relevant payment and settlement terms shall be no less favourable than market terms that both parties may obtain from Independent Third Parties.