Anchorstone : INSIDE INFORMATION ANNOUNCEMENT IN RELATION TO DEALINGS IN SECURITIES OF A DIRECTOR DURING THE BLACK-OUT PERIOD

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.

Anchorstone Holdings Limited ਿͩછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1592)

INSIDE INFORMATION

ANNOUNCEMENT IN RELATION TO DEALINGS IN SECURITIES OF

A DIRECTOR DURING THE BLACK-OUT PERIOD

This announcement is made by Anchorstone Holdings Limited (the ''Company'') pursuant to rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (''Listing Rules'') and pursuant to the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

FORCED SALE OF SHARES

The board (''Board'') of directors (the ''Directors'') of the Company was informed by PMG Investments Limited (''PMG Investments''), a substantial shareholder of the Company, that 10,000,000 shares held by PMG Investments, representing approximately 0.8% of the total issued share capital of the Company as at the date of this announcement, were sold on the market as a result of forced sale (the ''Disposal'') by a stockbroker of PMG Investments under financing arrangements on 30 March 2021. As at the date of this announcement, Mr. Lui Yue Yun Gary, the controller shareholder, the chairman and an executive Director, owned the entire equity interest in PMG Investments. Immediately after completion of the Disposal and as at the date of this announcement, the percentage interest of PMG Investments in the Company has been reduced to approximately 67.06% of the total issued share capital of the Company.

Pursuant to paragraph A.3 of Appendix 10 to the Listing Rules, the Directors are prohibited from dealing in any securities of the Company on any day on which its financial results are published and during the period of 60 days immediately preceding the publication date of the annual results (the ''Black-out Period''). The meeting of the Board for the publication of the annual results for the year ended 31 December 2020 is scheduled on 31 March 2021 and the Disposal therefore fell within the Black-out Period.

The Directors (except Mr. Lui Yue Yun Gary), after considering the Disposal, are satisfied that the Disposal which is a forced sale during the Black-out Period occurred under exceptional circumstances within the meaning of paragraph C.14 of Appendix 10 to the Listing Rules.

Shareholders of the Company and other investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board Anchorstone Holdings Limited

Fung Wai Hang Company Secretary

Hong Kong, 30 March 2021

As at the date of this announcement, the executive Directors are Mr. Lui Yue Yun Gary, Ms. Lui Po Kwan Joyce, Mr. Lui Edwin Wing Yiu and Mr. Fung Wai Hang, and the independent non-executive Directors are Mr. Ko Tsz Kin, Mr. Choi Hok Ya and Mr. Ng Yau Wah Daniel.