Lamtex : WINDING UP OF THE COMPANY BY THE COURT; APPOINTMENT OF PROVISIONAL LIQUIDATOR; AND CONTINUED SUSPENSION OF TRADING

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 Bermuda with limited liability)

(Stock Code: 1041)

WINDING UP OF THE COMPANY BY THE COURT; APPOINTMENT OF PROVISIONAL LIQUIDATOR; AND

CONTINUED SUSPENSION OF TRADING

Reference is made to the announcements of Lamtex Holdings Limited (the "Company") dated 26 August 2020, 17 September 2020, 22 September 2020, 18 November 2020, 23 November 2020, 2 December 2020 and 28 January 2021 in relation to the winding up petition presented against the Company by Li Yiqing pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32, Laws of Hong Kong) filed in the High Court of The Hong Kong Special Administrative Region (the "High Court") under HCCW 263/2020.

WINDING UP ORDER AGAINST THE COMPANY

On 11 March 2021, the Company was ordered to be wound up by the High Court in HCCW 263/2020 pursuant to the provisions of the Companies (Winding-up and Miscellaneous Provisions) Ordinance (Chapter 32, Laws of Hong Kong) and the Official Receiver by virtue of her office becomes the Provisional Liquidator of the Company.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on The Stock Exchange was suspended from 9:00 a.m. on 3 August 2020 and will remain suspended until further notice.

The Company will keep the public informed by making further announcement as and when appropriate.

If the shareholders of the Company have any query about the implications of the winding up order and the continued suspension of trading of the Company's shares, they should obtain appropriate professional advice.

Ms. Phyllis McKenna

Official Receiver and Provisional Liquidator of

Lamtex Holdings Limited (In Liquidation)

Hong Kong, 17 March 2021

According to the information available from the previous announcement made by the Company, immediately before the making of winding up order against the Company by the Court, the Board of Directors of the Company comprised two Executive Directors, namely Mr. Ni Xian and Mr. Lin Tong; three Non-Executive Directors, namely Mr. Huang Bin, Ms. Zang Yanxia and Mr. Chung Lap Keung; and two Independent Non-Executive Directors, namely Mr. Li Changhui and Mr. Fung Kim Shun.

The affairs, business and property of the Company are being managed by the Official Receiver and Provisional Liquidator who acts as the agent of the Company only and is not subject to personal liability.