Announcements and Notices - Inside Information - Extension of Terms of Repayment of Promissory Note

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TK NEW ENERGY

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8326)

This announcement is made by the board (the "Board") of directors (the "Directors") of Tonking New Energy Group Holdings Limited (the "Company") pursuant to Rule 17.10(2)(a) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules") and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 9 September 2015 in relation to, among others, the issuance of a promissory note ("Promissory Note") by Glory Kind Development Limited (a direct wholly-owned subsidiary of the Company) ("Glory Kind") to a third party independent of and not connected with the Company and its connected persons (as defined in the GEM Listing Rules) with an aggregate principal amount of HK$36,000,000.

Pursuant to the terms of repayment of the Promissory Note, it will be expired on 8 September 2017. The parties to the Promissory Note agree the extension of the terms of repayment of the Promissory Note for a further period of three (3) months with the same terms thereof.

By Order of the Board

Executive Director, Chairman of the Board and Chief Executive Officer

Hong Kong, 8 September 2017

* for identification purpose only

As at the date of this announcement, the executive Directors are Mr. Wu Jian Nong, Ms. Shen Meng Hong, Mr. Xu Shui Sheng and Mr. Zhou Jian Ming; and the independent non-executive Directors are Mr. Yuan Jiangang, Ms. Wang Xiaoxiong and Mr. Zhou Yuan.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the Stock Exchange's website (www.hkexnews.hk) for 7 days from the date of its posting and will also be published on the Company's website (www.tonkinggroup.com.hk).