The board of directors of China Conch Environment Protection Holdings Limited hereby announced that, as at the date of this announcement, a resolution in relation to the application for registration of an issue of medium-term notes with an amount of not more than RMB 3.0 billion (inclusive) by Anhui Conch Environment Group Co. Ltd., a subsidiary of the Company, with the National Association of Financial Market Institutional Investors was considered and approved. The aggregate amount of the medium-term notes under the application for registration shall be not more than RMB 3.0 billion (inclusive), with the final issue amount being subject to the amount set out in the registration notice issued by the NAFMII.

The medium-term notes shall be issued in single tranche or multiple tranches during the validity period of registration as and when appropriate, subject to market conditions and actual capital requirements. The medium-term notes underlying this issue are with a term of no more than 5 years (inclusive), with a specific term for each tranche to be determined having regard to capital demand and market conditions. The interest rate for the issue of medium-term notes shall be determined by the prevailing conditions in the PRC interbank bond market at the time(s) of issue and subject to the final book-keeping results.