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.

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 6888)

SHARE PURCHASE PURSUANT

TO FREETECH SHARE AWARD SCHEME

Reference is made to the announcement (the "Announcement") of Freetech Road Recycling Technology (Holdings) Limited (the "Company") dated 16 May 2014 in relation to the adoption of the Freetech Share Award Scheme (the "Scheme") by the board of directors (the "Board") of the Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

The Company was informed by the Trustee that it had purchased a further 200,000 Shares on the market for the purpose of the Scheme. Details of the purchases and the latest information about the Shares held by the Trustee are as follows:

Trade dates:

14 September 2020 and 18

September 2020

Settlement dates:

16 September 2020 and 22

September 2020

Total number of Shares purchased:

200,000

Percentage of issued share capital of the Company:

Approximately 0.019%

Average consideration per Share:

Approximately HK$0.1598

Total consideration:

HK$31,960

Balance of number of Shares held by the Trustee

21,429,000

immediately after the purchase:

1

By order of the Board

Freetech Road Recycling Technology

(Holdings) Limited

Sze Wai Pan

Chairman

Hong Kong 18 September 2020

As at the date of this announcement, the executive Directors are Mr. Sze Wai Pan, Ms. Sze Wan Nga and Mr. Chan Kai King; the non-executive Directors are Prof. Tong Wai Cheung Timothy, Dr. Chan Yan Chong and Mr. Wang Lei; and the independent non-executive Directors are Ms. Yeung Sum, Mr. Tang Koon Yiu Thomas and Dr. Lau Ching Kwong.

2

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Freetech Road Recycling Technology Holdings Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 09:19:09 UTC