AMVIG : ANNOUNCEMENT

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(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2300)

ANNOUNCEMENT

The board (the "Board") of directors (the "Directors") of AMVIG Holdings Limited (the "Company") makes the following disclosures pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Pursuant to the facility agreement (the "Facility Agreement") dated 30 March 2021 and entered into, among other parties, the Company as borrower, eight subsidiaries of the Company as guarantors, and various financial institutions as agent, arrangers and lenders, a term loan facility of HK$850,000,000 (the "Facility") is made available to the Company. The Facility is repayable in its entirety on the day which is 364 days after the date of the Facility Agreement (the "Original Maturity Date"). The Company may request, and subject to the agreement by the lenders, the maturity date be extended to a date falling 12 months after the Original Maturity Date (such extension of the Original Maturity Date, the "Facility Extension"). If the Facility Extension is agreed by the lenders, the Facility will be repayable as to 10%, 10% and 80% on the dates falling 12, 18 and 24 months respectively from the date of the Facility Agreement. The Facility will be used to refinance the existing loan facilities of HK$850,000,000 in full.

It is provided in the Facility Agreement, among other matters, that if at any time, the Golden Vision Buyout Fund SPC (the "Fund SPC") (i) does not or ceases to, directly or indirectly, own at least 51% of the issued share capital of the Company; or (ii) ceases to have the power, directly or indirectly, (whether by way of ownership of shares, proxy, contract, agency or otherwise) to

1. cast, or control the casting of, at least 51% of the votes that might be cast at a general meeting of the Company; or (b) appoint or remove the majority of the Directors (being not less than three Directors at any time), the lenders shall declare the outstanding loan, together with accrued interest, and all other amounts accrued under the Facility Agreement be immediately due and payable.

As at the date hereof, to the best knowledge, information and belief of the Directors, the Fund SPC beneficially owns approximately 98.79% of the issued share capital of the Company.

• For identification purposes only

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WAIVER FROM COMPLIANCE WITH RULE 13.49(1) OF THE LISTING RULES

Reference is made to the Company's unaudited results announcement dated 29 March 2021, in which it was disclosed, among other matters, that the Company has submitted application to the Stock Exchange for a waiver from compliance with Rules 13.46(1) and 13.49(1) of the Listing Rules to publish the annual report and the audited annual results for the year ended 31 December 2020 by 30 April 2021 and 31 March 2021, respectively. The waiver from compliance with Rule 13.49(1) was granted by the Stock Exchange on 30 March 2021. Given that the Company's withdrawal of listing is scheduled on 20 April 2021, the waiver from compliance with Rule 13.46(1) would be reassessed by the Stock Exchange if the completion of the Company's privatization is to be delayed beyond the publication deadline on 30 April 2021.

By order of the Board

AMVIG Holdings Limited

Liu Shun Fai

Executive Director

Hong Kong, 31 March 2021

As at the date of this announcement, the Board comprises Mr. Ge Su, Mr. Shen Shilin and Mr. Liu Shun Fai as executive Directors, Mr. Wang Hui and Mr. Yeoh Khai Sun as non-executive Directors, and Mr. Au Yeung Tin Wah, Ellis, Mr. Oh Choon Gan, Eric and Mr. Ching Yu Lung as independent non-executive Directors.

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