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COMPLETION OF(1) ISSUE OF NEW SHARES UNDERSPECIFIC MANDATE FOR DEBT CAPITALISATIONAND APPLICATION FOR WHITEWASH WAIVER; AND(2) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

2024-06-03 00:00:00

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.Enviro Energy International Holdings Limited环能国际控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1102) COMPLETION OF (1) ISSUE OF NEW SHARES UNDER SPECIFIC MANDATE FOR DEBT CAPITALISATION AND APPLICATION FOR WHITEWASH WAIVER; AND (2) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL References is made to the circular of Enviro Energy International Holdings Limited (the ‘‘Company’’) dated 8 April 2024 (the ‘‘Circular’’) the supplemental announcement of the Company dated 30 April 2024 and the poll results of the extraordinary general meeting held of 2 May 2024 in relation to among other things the Debt Capitalisation the proposed issue of new shares under specific mandate for debt capitalisation and application for whitewash waiver. Unless otherwise stated capitalised terms used herein shall have the same meanings as defined in the Circular.COMPLETION OF THE DEBT CAPITALISATION The Board is pleased to announce that all conditions precedent in respect of the Debt Capitalisation as set out in the Letter of the Board in the Circular have been fulfilled and the Completion took place on 3 June 2024.ISSUE OF CAPITALISATION SHARES UNDER THE SPECIFIC MANDATE AND CHANGES IN SHAREHOLDING STRUCTURE Immediately before the Completion the Company had 542392207 Shares in issue. Upon the Completion 896993536 Capitalisation Shares representing approximately 62.32% of the issued share capital of the Company as at the date of this announcement (as enlarged by the issue of the Capitalisation Shares) have been duly allotted and issued as fully paid to the Creditors at the Issue Price of HK$0.05 per Capitalisation Shares under the specific mandate granted by the Shareholders at the EGM held on 2 May 2024. Accordingly immediately after the Completion there are 1439385743 Shares in issue.– 1 –Set out below for illustrative purpose is the shareholding structure of the Company (i) immediately before the Completion; and (ii) immediately after the Completion.Immediately before Immediately after the Completion the Completion Approximate Approximate Number % of issued Number % of issued of Shares Shares of Shares Shares WIIHL (Note 1) 112789766 20.79% 112789766 7.84% Mr. Pan 33112281 6.11% 261384626 18.16% WIFHL (Note 2) – – 562770380 39.10% WIFL (Note 3) – – 28530160 1.98% Longma International (Note 2) – – 28549180 1.98% Mr. Tang (Note 4) – – 20470491 1.42% WIFHL and parties acting in concert with it (Note 5) 145902047 26.90% 1014494603 70.48% Mr. Zhou 14071460 2.59% 42472440 2.95% Other Shareholders 382418700 70.51% 382418700 26.57% Total 542392207 100.00% 1439385743 100.00% Notes: (1) WIIHL is owned as to (i) 58.44% by Hua Zhi Investment Limited which is in turn owned as to 56.21% by Mr. Li Gang 29.95% by Mr. Wang Shengkun 11.98% by Ms. Lu Qing and 1.86% by Mr. Feng Dafu; (ii) 18.38% by Pu Shi International Investment Limited which holds 41.79% shareholding interest in Wonderland International Financial Holdings Company as detailed above; (iii) 13.18% by Wonderland Capital International Holdings Limited which is the immediate holding company of WIFL as detailed above; and (iv) 10.00% by Able Plus Investment (Holdings) Limited which is wholly-owned by Mr. Pan. (2) The ultimate beneficial owner of WIFHL and Longma International is Mr. Li Gang who is the ultimate beneficial owner of WIIHL the single largest shareholder of the Company as at the date of this announcement. (3) WIFL is a wholly-owned subsidiary of Wonderland Capital International Holdings Limited which holds approximately 13.18% shareholding interest in WIIHL the single largest shareholder of the Company as at the date of this announcement. (4) Mr. Tang is the son of Mr. Li Gang who is the ultimate beneficial owner of WIIHL the single largest shareholder of the Company as at the date of this announcement.– 2 –(5) The ultimate beneficial owner of WIIHL and WIFHL is Mr. Li Gang given (i) WIFHL and WIFL were group companies in the past before 2023; (ii) Mr. Pan through a corporation controlled by him holds 10.00% interest in WIIHL; (iii) Longma International is a subsidiary of WIFHL; and (iv) Mr. Tang is the son of Li Gang accordingly WIIHL WIFHL WIFL Longma International Mr. Pan and Mr. Tang consider they are acting in concert. (6) Save for Mr. Li Gang (through corporations controlled by him as disclosed in the Circular) and Mr. Pan no directors of the Company holds Shares as at the date of this announcement.By order of the Board Enviro Energy International Holdings Limited Li Gang Chairman and executive Director Hong Kong 3 June 2024 As at the date of this announcement the Board comprises four executive Directors namely Mr. Li Gang (Chairman) Mr. Pan Lihui Mr. Jiang Senlin and Mr. Cao Zhongshu; and three independent non-executive Directors namely Mr. Zhong Jian Mr. Pan Yongye and Mr. Liu Qin.The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm having made all reasonable enquiries that to the best of their knowledge opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.The English text of this announcement shall prevail over its Chinese text.–3–