REXLot : WINDING UP BY THE COURT AND APPOINTMENT OF JOINT AND SEVERAL LIQUIDATORS 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.

(In Liquidation)

(Incorporated in Bermuda with limited liability)

(Stock Code: 555)

WINDING UP BY THE COURT

AND

APPOINTMENT OF JOINT AND SEVERAL LIQUIDATORS

AND

CONTINUED SUSPENSION OF TRADING

Reference is made to the announcements of REXLot Holdings Limited (In Liquidation) (the "Company") dated 10 March 2020, 3 June 2020 and 8 June 2020 in relation to winding up petition against the Company.

Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the announcements.

ORDER FOR WINDING UP BY THE COURT AGAINST THE COMPANY

Pursuant to an Order made by the High Court of the Hong Kong Special Administrative Region dated 20 August 2020 (the "Winding Up Order"), the Company was ordered to be wound up and the Official Receiver was appointed as the Provisional Liquidator of the Company.

APPOINTMENT OF JOINT AND SEVERAL LIQUIDATORS

Pursuant to a Regulating Order made by the High Court of the Hong Kong Special Administrative Region dated 27 August 2020 (the "Regulating Order"), Mr. Kan Lap Kee, Terry and Ms. Hou Chung Man, Anita, both of SHINEWING Specialist Advisory Services Limited (together referred as the "Liquidators"), were appointed as Joint and Several Liquidators of the Company.

The Liquidators are taking steps to understand the affairs of the Company and its subsidiaries. Meanwhile, the management of the Company is currently raising funds for the payment of the debts of the Company, and intends to propose or procure a debt restructuring plan and to take out an application for a permanent stay of the winding up proceedings once the fundraising is complete.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the Shares on the Stock Exchange was suspended with effect from 9:00 a.m. on 1 April 2019 and will remain suspended until further notice.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

The Company will make further announcements as and when appropriate.

If the shareholders of the Company have any query about the implications of the Winding Up Order

described above, they should obtain appropriate professional advice.

For and on behalf of

REXLot Holdings Limited

(In Liquidation)

Kan Lap Kee

Hou Chung Man

Joint and Several Liquidators acting as agents without personal liabilities

Hong Kong, 22 September 2020

As at the date of this announcement, the Board comprises two executive directors namely Mr. Chan How Chung, Victor and Mr. Boo Chun Lon; one non-executive director namely Mr. Yuen Wai Ho; and three independent non-executive directors namely, Mr. Chow Siu Ngor, Mr. Wong Hoi Kuen and Mr. Hung Hing Man.

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