Blockchain : Resignation of Auditor

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.

BLOCKCHAIN GROUP COMPANY LIMITED

區 塊 鏈 集 團 有 限 公 司

(IN LIQUIDATION)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 364)

RESIGNATION OF AUDITOR

This announcement is made by Blockchain Group Company Limited (In Liquidation) (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Reference is made to the announcement of the Company dated 19 June 2019 (the "Announcement"). Unless otherwise specified, capitalised terms shall have the same meanings as those defined in the Announcement.

The Company has received a letter dated 17 October 2019 from the Company's auditors, PKF Hong Kong Limited ("PKF") for its resignation as auditor of the Company with immediate effect. According to PKF, the resignation was due to a shortage of resources to conduct the audit.

As stated in its resignation letter, PKF has confirmed that there are no circumstances connected with its resignation which should be brought to the attention of the shareholders or creditors of the Company. Save for the reasons disclosed above, the Liquidators are not aware of any matters in respect of the resignation of PKF as the auditor of the Company that need to be brought to the attention of the shareholders or creditors of the Company.

- 1 -

The Company will identify a suitable replacement to fill the vacancy and further announcement in relation to the appointment of new auditor will be made by the Company as soon as practicable.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange has been suspended since 1:00 p.m. on Monday, 19 November 2018. Trading in the shares of the Company will remain suspended until further notice.

Shareholders and potential investors are advised to exercise caution when dealing with the shares of the Company.

For and on behalf of

Blockchain Group Company Limited

(In Liquidation)

Lai Kar Yan (Derek)

Yip Wa Ming (Ben)

Joint and Several Liquidators

acting as agents of the Company only and

without personal liability

Hong Kong, 21 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Cai Zhenrong, Mr. Liu Yong, Mr. Cai Zhenyao, Mr. Cai Zhenying, Mr. Cai Yangbo, Mr. Guan Shaofeng and Mr. Sun Zhe. The non-executive director of the Company is Ms. Ling Qin. The independent non-executive directors of the Company are Dr. Li Mow Ming Sonny, Mr. Huang Jianwei, Mr. Dai Rongchang and Ms. Xu Liqin.

The affairs, business and property of the Company are being managed by the Joint and Several Liquidators who act as agents of the Company only and without personal liability.

- 2 -