Comtec Solar : RESIGNATION OF AUDITOR

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Comtec Solar Systems Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 712)

RESIGNATION OF AUDITOR

This announcement is made by Comtec Solar Systems Group Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board (the ''Board'') of directors (the ''Directors'') of the Company announces that Mazars CPA Limited (''Mazars'') has tendered its resignation as auditor of the Company to take effect on 8 March 2021 after taking into account the professional risk associated with the audit and the availability of their internal resources and the potential impact of certain legal proceeding in relation to a monetary dispute between the Company and a third party (the ''Dispute'').

Mazars has confirmed that except for the above, there are no other matters connected with its resignation that they consider ought to be brought to the attention of the shareholders of the Company (the ''Shareholders''). The Board and the audit committee also confirmed that there is no disagreement between the Company and Mazars, and there are no other circumstances in respect of the resignation of Mazars that need to be brought to the attention of the Shareholders.

The Board wishes to inform the Shareholders that the Dispute was immaterial as it only involved a very insignificant amount of money and has already been resolved as at the date of this announcement. The Board is of the view that there is no potential impact of the Dispute on the Group.

The Board is in the process of identifying and engaging a new auditor following the resignation of Mazars. The Company will publish further announcement(s) in relation to the appointment of a new auditor as and when appropriate.

The Board would like to take this opportunity to express its gratitude to Mazars for their professional services rendered in the past.

By Order of the Board

Comtec Solar Systems Group Limited

John Yi Zhang

Chairman

Shanghai, the PRC, 15 March 2021

As at the date of this announcement, the executive Director is Mr. John Yi Zhang, the non-executive Directors are Mr. Dai Ji and Mr. Qiao Fenglin, and the independent non-executive Directors are Mr. Kang Sun, Mr. Ma Teng and Mr. Jiang Qiang.