COMPLETION OF DISCLOSEABLE TRANSACTION: ACQUISITION OF 15% EQUITY INTERESTS IN THE TARGET COMPANY

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COMPLETION OF DISCLOSEABLE TRANSACTION:

ACQUISITION OF 15% EQUITY INTERESTS IN THE TARGET COMPANY

Reference is made to the announcement of the Company dated 18 July 2019. Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the announcement dated 18 July 2019.

COMPLETION OF THE SHARE ACQUISITION

The Board is pleased to announce that all the conditions precedent of the Agreement have been fulfilled and Completion took place on 16 October 2019. Upon Completion, the Company indirectly owns 15% equity interests in the Target Company and the financial results of the Target Company will not be consolidated into the financial statements of the Group.

By order of the Board

Hao Tian Development Group Limited

Fok Chi Tak

Executive Director

Hong Kong, 16 October 2019

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Xu Haiying, Dr. Zhiliang Ou, JP (Australia) and Mr. Fok Chi Tak and three independent non-executive Directors, namely Mr. Chan Ming Sun Jonathan, Mr. Lam Kwan Sing and Mr. Lee Chi Hwa, Joshua.