CT Environmental : Completion of Transaction in Relation to the Disposal of 50% Equity Interest in the Target Company

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CT ENVIRONMENTAL GROUP LIMITED ʕ๢ᐑڭණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1363)

COMPLETION OF TRANSACTION

IN RELATION TO THE DISPOSAL OF 50% EQUITY INTEREST IN THE TARGET COMPANY

Reference is made to the announcement of CT Environmental Group Limited (the "Company") dated 29 November 2018 in relation to the disposal of 50% equity interest in the Target Company (the "Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

The Board is pleased to announce that all of the conditions precedent to Completion have been fulfilled in accordance with the Agreement, and as such Completion took place on 8 January 2019. The consideration was fully settled and the First payment was also released to the bank account designated by ADB.

On behalf of the Board

CT Environmental Group Limited

Tsui Cham To

Chairman

Hong Kong, 8 January 2019

As at the date of this announcement, the executive directors of the Company are Mr. Tsui Cham To, Mr. Lu Xiao'an, Mr. Liang Qilin, Mr. Liang Zhenjie, Mr. Xu Shubiao and Mr. Xu Juwen and the independent non-executive directors of the Company are Mr. Suen To Wai and Mr. Zhang Lu Fu.