Inner Mongolia Energy Engineering : RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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INNER MONGOLIA ENERGY ENGINEERING CO., LTD.

內蒙古能源建設投資股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01649)

RESIGNATION OF INDEPENDENT

NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Inner Mongolia Energy Engineering Co., Ltd. (the "Company") hereby announces that Ms. Lau Miu Man ("Ms. Lau") has tendered her resignation as an independent non-executive director of the Company and ceased to be the chairman of the audit committee of the Board with effect from 10 February 2020 due to her personal time management and work arrangements.

Ms. Lau has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Ms. Lau for her valuable contribution to the Company during her tenure of office.

Following the resignation of Ms. Lau, the Board of the Company only consists of two (2) independent non-executive directors, the audit committee of the Board only consists of two (2) members, which tentatively does not comply with (i) Rule 3.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules") that the Board must include at least three independent non-executive directors; (ii) Rule 3.10(2) of the Listing Rules that at least one of the independent non-executive directors must have appropriate professional qualifications or accounting or related financial management expertise; and (iii) Rule 3.21 of the Listing Rules that the audit committee must comprise a minimum of three members, at least one of whom is an independent non-executive director with appropriate professional qualifications or accounting or related financial management expertise as required under Rule 3.10(2) of the Listing Rules.

The Company is actively looking for a suitable candidate to fill the vacancy, so as to meet relevant requirements under the Listing Rules within three months from the date of this announcement. Further announcement will be made by the Company as and when appropriate.

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CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. on 18 March 2019 and will remain suspended until further notice, pending the publication of the 2018 annual results of the Company subject to relevant investigation results and subsequent necessary further actions.

Potential investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By order of the Board

Inner Mongolia Energy Engineering Co., Ltd.

Niu Jirong

Chairman

Inner Mongolia, PRC, 10 February 2020

As at the date of this announcement, the executive directors of the Company are Mr. NIU Jirong, Mr. CHAO Ketu and Mr. LIU Lisheng; the non-executive director of the Company is Mr. CHEN Ming; and the independent non-executive directors of the Company are Mr. YUE Jianhua and Mr. DUAN Guiying.

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