Coslight Technology International : APPOINTMENT OF INTERNAL CONTROL ADVISER

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COSLIGHT TECHNOLOGY INTERNATIONAL GROUP LIMITED

光宇國際集團科技有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 1043)

APPOINTMENT OF INTERNAL CONTROL ADVISER

Reference is made to the Statement of Disciplinary Action published by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 29 March 2021 in relation to a disciplinary action against Coslight Technology International Group Limited (the "Company") and a number of its former and current directors for their breaches of the Rule Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

APPOINTMENT OF INTERNAL CONTROL ADVISER

The Listing Committee of the Stock Exchange (the "Listing Committee") has directed the Company to retain an Independent professional adviser to conduct a review of its internal controls for procuring compliance with the Listing Rules, including but not limited to the notifiable and connected transaction requirements thereunder.

Pursuant to the direction of the Listing Committee, the Company has appointed CityLinkers Corporate Advisory Services Limited (the "Internal Control Adviser") as its independent professional adviser to conduct a thorough review of, and make recommendations to improve, the Company's internal controls and to ensure compliance with the Listing Rules, including but not limited to notifiable and connected transaction requirements.

• For identification purpose only

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The Company will submit the written report of the Internal Control Adviser containing its recommendations to the Listing Division of the Stock Exchange (the "Listing Division") within two months from the date of this announcement, and furnish the Listing Division with the Internal Control Adviser's written report on the Company's full implementation of the said recommendations within further period of two months.

By Order of the Board

Coslight Technology International Group Limited

SONG Dian Quan

Chairman

Hong Kong, 27 April 2021

As at the date of this announcement, the Executive Directors of the Company are Mr. SONG Dian Quan, Ms. LUO Ming Hua, Mr. LI Ke Xue, Mr. XING Kai, Mr. ZHANG Li Ming, Mr. LIU Xing Quan; and the Independent Non-executive Directors are Mr. LI Zeng Lin, Dr. GAO Yun Zhi, Ms. ZHU Yan Ling.

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