HKEx Admission and Cancellation of Trading on AIM

14 July 2020

China New Energy Limited

(the "Company" or "CNE") 

HKEx Admission and Cancellation of Trading on AIM

The Board of CNE (AIM: CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, is pleased to announce that, further to the announcement of 14 July 2020, it has received final approval to list its securities on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEx") ("Admission") and all conditions for Admission have been satisfied.

Accordingly, the Company will proceed with the transfer of its listing to HKEx and Admission and cancellation of trading of the Company's share on AIM ("Cancellation") will continue as previously notified. Trading of the Company's shares on HKEx will commence tomorrow, 15 July 2020, at 09:00 a.m. (HKT) with stock code: 1156 and, pursuant to Rule 41 of the AIM Rules for Companies, Cancellation will occur at 07:00 a.m. (BST) the same day.

Transfer of Shares to the HKEx

The Company's registrar Computershare UK is instructed to withdraw the Company's securities from CREST and transfer the share register to Computershare HK and the shares of the Company can be deposited into the Hong Kong Central Clearing and Settlement System (CCASS) to enable trading of its shares on the HKEx.

For investors who returned a valid election form and have selected the First Record Date of 30 June 2020 and have already withdrawn their securities from CREST, their Hong Kong share certificates shall be despatched in accordance with their instructions and available to trade on the HKEx at 09:00 (HKT) on the 15 July 2020.

For investors who have returned a valid election form and have selected the second record date of 14 July 2020, they may continue to trade their shares until 16:30 (BST) today, their Hong Kong share certificates will be despatched in accordance with their instructions and available to trade soon after the dealing in the Company's shares commences trading on HKEx.

For investors who did not return an election form, Hong Kong share certificates shall be sent to the registered address. For the avoidance of doubt, no shares will be cancelled and shareholders will maintain their interest in the Company upon Admission. For further information on receiving their share certificates or trading their shares on HKEx, shareholders should contact their brokers or financial advisers.

Commenting, Mr Yu, Chairman, said, "We would like to thank AIM, our Advisers and shareholders for their support whilst on AIM. We are delighted that many shareholders have elected to continue with the Company and we look forward to continued success on the HKEx."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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