The board of Directors (the “Board”) of Sino-Environment Technology Group Limited (the
“Company”) refers to its previous announcements dated 5 March 2009, 26 March 2009, 20 April
2009, 27 April 2009, 29 April 2009, 30 April 2009, 6 May 2009, 7 May 2009, 15 May 2009, 25
May 2009, 28 May 2009, 30 June 2009, 14 August 2009 and 4 September 2009.
As announced by the Company on 6 May 2009, the Company had engaged
PricewaterhouseCoopers LLP (the “Auditors”) to conduct a review of the significant cash
transactions for the three month period ended 31 March 2009 (the “Review”), so as to provide
added clarity to the Audit Committee of the Company on the governance surrounding these cash
transactions.
In the course of the Review, the Auditors had identified certain questionable cash transactions
and matters which may have a significant impact on the financial position of the Company. The
Company has forwarded the findings of the Auditors to the relevant authorities in Singapore,
including the Commercial Affairs Department, and the People’s Republic of China.
The Board will keep shareholders and the investing public informed of any material developments
on the above matter. The Company will continue to make further announcements as and when
appropriate on a timely basis.
In the meantime, the Board would advise shareholders and the investing public to exercise
extreme caution in the dealing of the shares of the Company.
The trading of the shares of the Company on the Singapore Exchange Securities Trading Limited
has been suspended since 23 September 2009.
BY THE INDEPENDENT DIRECTORS OF THE COMPANY