Coslight Technology International : UPDATE ON FURTHER ANNOUNCEMENT - REJECT OF A WAIVER

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.

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)

UPDATE ON FURTHER ANNOUNCEMENT -

REJECT OF A WAIVER

References are made to the announcements of Coslight Technology International Group Limited (the "Company", together with its subsidiaries, the "Group") dated 25 August 2020 and 27 August 2020 (Collectively the "Announcements") in relation to, inter alia, the application for waivers from strict compliance with Rules 13.46(2)(a) and 13.46(2)(b) of the Listing Rules by the Company. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

THE WAIVERS

HKEX has rejected to grant of a waiver from the strict compliance with Rule 13.46(2) (a) And 13.46(2)(b) of the Listing Rules on 02 September 2020 with the below reasons

1. The further delay in the audit progress was not solely related to the outbreak of COVID-19
2. The failure to publish the 2019 audited annual results has led to its failure in publishing the 2020 interim results by the deadline prescribed by the Rules. As a result, trading of the Company's Share has been suspended since 1 September 2020

• For identification purpose only

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Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the Company's shares or other securities of the Company.

Further announcement(s) will be issued by the Company in relation to the above matters as and when appropriate.

By Order of the Board

Coslight Technology International Group Limited

SONG Dian Quan

Chairman

Hong Kong, 9 September 2020

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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