China Rongzhong Financial : FURTHER DELAY IN DESPATCH OF CIRCULAR

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CHINA RONGZHONG FINANCIAL HOLDINGS COMPANY LIMITED 中國眾金控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03963)

FURTHER DELAY IN DESPATCH OF CIRCULAR

References are made to the announcements of China Rongzhong Financial Holdings Company Limited (the "Company") (1) dated 26 June 2020 (the "Announcement") in relation to the Acquisition, which constitutes a major transaction of the Company under Chapter 14 of the Listing Rules and (2) dated 14 August 2020, 30 September 2020, 30 October 2020 and 31 December 2020 in relation to the delay in despatch of a circular. Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the announcement of the Company dated 31 December 2020, a circular (the "Circular") containing, among other things, (i) further details of the Sale and Purchase Agreement and the transactions contemplated thereunder; (ii) financial information of the Group and the Target Group; (iii) the unaudited pro forma financial information of the Enlarged Group; (iv) the notice of the EGM; and (v) other information as required under the Listing Rules, is expected to be despatched to the Shareholders on or before 26 February 2021.

As additional time is required for the Company to prepare certain information for inclusion in the Circular, the expected date of despatch of the Circular will be postponed to a date falling on or before 30 April 2021.

By order of the Board

China Rongzhong Financial Holdings Company Limited

Wong Emilie Hoi Yan

Executive Director

Hong Kong, 26 February 2021

As at the date of this announcement, the executive Director of the Company is Ms. Wong Emilie Hoi Yan; the non-executive Directors of the Company are Mr. Chen Shuai, Ms. Wong Jacqueline Yue Yee, Ms. Wong Michelle Yatyee and Mr. Wong Ming Bun David; and the independent non-executive Directors of the Company are Mr. Lie Chi Wing, Mr. Ng Wing Chung Vincent and Mr. Yu Yang.