Technovator International : FURTHER DELAY IN DESPATCH OF CIRCULAR

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Technovator

TECHNOVATOR INTERNATIONAL LIMITED

同方泰德國際科技有限公司*

(incorporated in Singapore with limited liability)

(Stock Code: 1206)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Technovator International Limited (the "Company") dated 25 October 2019 (the "Announcement") in relation to, among others, the 2019 Agreements and the transactions contemplated therein and the announcement (the "Further Delay in Despatch Announcement") of the Company dated 28 November 2019. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless otherwise specified.

It was disclosed in the Further Delay in Despatch Announcement that a circular (the

• Circular") containing, among other things, (i) the information relating to the 2019 Agreements; (ii) the letter of advice from the Independent Board Committee to the Independent Shareholders in respect of the 2019 Agreements; (iii) the letter of advice from Lego Corporate Finance Limited to the Independent Board Committee and the Independent Shareholders in respect of the 2019 Agreements; and (iv) the notice convening the EGM for the Shareholders to approve the transactions contemplated under the 2019 Agreements, and their respective proposed annual cap amounts, was expected to be despatched to the Shareholders on or before 8 December 2019. As additional time is required for finalizing the content of the Circular, it is currently expected that the Circular will be despatched to the Shareholders on or before 16 December 2019.

By Order of the Board

Technovator International Limited

Qin Xuzhong

Chairman

Hong Kong, 6 December 2019

As at the date of this announcement, the executive directors of the Company are Mr. Zhao Xiaobo and Mr. Qin Xuzhong; the non-executive directors of the Company are Mr. Huang Yu, Mr. Liu Tianmin and Mr. Wang Yinghu; and the independent non-executive directors of the Company are Mr. Fan Ren Da Anthony, Mr. Chia Yew Boon and Ms. Chen Hua.

• For identification purposes only