Dexin China : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTIONS

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DEXIN CHINA HOLDINGS COMPANY LIMITED

德 信 中 国 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2019)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcement (the "Announcement") of Dexin China Holdings Company Limited (the "Company") dated 28 May 2020 in relation to the continuing connected transactions, the announcement of the Company dated 19 June 2020 in relation to the delay in despatch of circular and the announcement of the Company dated 26 June 2020 in relation to further delay in despatch of circular (the "Further Delay Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Further Delay Announcement, a circular (the "Circular") containing, among other things, (i) further details of the Supplemental Framework Agreements and the New Huzhou Framework Decoration Service Agreement and the respective annual caps for the two years ending 31 December 2020 and 2021 thereunder; (ii) a letter from the Independent Board Committee containing its recommendation to the Independent Shareholders; (iii) a letter from the Independent Financial Adviser containing its advice to the Independent Board Committee and the Independent Shareholders; (iv) other information as required under the Listing Rules; and (v) a notice convening the EGM, is expected to be despatched to the Shareholders on or before 24 July 2020.

As additional time is required to prepare and finalise certain information to be included in the Circular, it is expected that the despatch date of the Circular will be further postponed to a date falling on or before 14 August 2020.

By order of the Board

Dexin China Holdings Company Limited

Hu Yiping

Chairman

Hong Kong, 24 July 2020

As of the date of this announcement, the Board of Directors of the Company comprises Mr. Hu Yiping, Mr. Fei Zhongmin and Ms. Feng Xia as executive Directors, Mr. Hu Shihao as non-executive Director, and Dr. Wong Wing Kuen Albert, Mr. Ding Jiangang and Mr. Chen Hengliu as independent non-executive Directors.