ELL Environmental : RESIGNATION OF INDEPENDENT AUDITOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ELL Environmental Holdings Limited

強 泰 環 保 控 股 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1395)

RESIGNATION OF INDEPENDENT AUDITOR

This announcement is made by the board (the "Board") of directors (the "Directors") of ELL Environmental Holdings 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.

The Board announces that on 27 November 2019, it has received a letter dated 26 November 2019 from Deloitte Touche Tohmatsu ("Deloitte") tendering its resignation as the independent auditor of the Company (the "Independent Auditor"), effective on 26 November 2019 (the "Resignation Letter"), as the Company and Deloitte have not been able to reach an agreement in respect of the audit fee for the Group's financial year ending 31 December 2019 (the "Year").

Deloitte has confirmed in the Resignation Letter that there are no matters in respect of its resignation that need to be brought to the attention of the Company's shareholders (the "Shareholders") or creditors.

The Board confirms that Deloitte has not commenced any audit work on the financial statements of the Group for the Year. The Board also confirms that there is no disagreement between the Company and Deloitte (save for the said audit fee), and there are no other matters in respect of the resignation of Deloitte that need to be brought to the attention of the Shareholders.

* For identification purpose only

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The Board would like to take this opportunity to express its gratitude to Deloitte for its professional services rendered to the Group in the past years.

The Company is seeking a new audit firm to act as the new Independent Auditor and will make further announcement once an appointment is made.

By order of the Board

ELL Environmental Holdings Limited

Chan Kwan

Executive Director and Chief Executive Officer

Hong Kong, 27 November 2019

As at the date of this announcement, the executive Directors are Mr. Chau On Ta Yuen (Chairman), Mr. Chan Kwan (Chief Executive Officer), Mr. Radius Suhendra and Mr. Chau Chi Yan Benny, the non-executive Director is Mr. Chan Pak Lam Brian and the independent non-executive Directors are Ms. Ng Chung Yan Linda, Mr. Ng Man Kung and Ms. Leung Bo Yee Nancy.

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