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.

UPDATE ANNOUNCEMENT

MAJOR TRANSACTION RELATING TO

DISPOSAL OF LISTED SECURITIES

Reference is made to the announcements of Hao Tian Development Group Limited (the ''Company'') dated 6 December 2019, 31 December 2019 and 4 February 2020 in relation to the Disposal (the ''Announcement(s)''). Capitalised terms used herein shall have the same meanings as those defined in the Announcement dated 6 December 2019 unless the context requires otherwise.

The Board announces that the Vendor has exercised its rights under the Share Charge and all the 2,148,559,650 Sale Shares have been transferred to the Vendor as a result of the enforcement of the security created under the Share Charge.

By order of the Board

Hao Tian Development Group Limited

Fok Chi Tak

Executive Director

Hong Kong, 10 March 2020

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.

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Hao Tian Development Group Limited published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 11:13:18 UTC