Asia Standard International : Delay in Despatch of Circular Major Transaction in relation to Investment in the Guangzhou R&F Notes

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

ASIA STANDARD INTERNATIONAL	ASIA STANDARD HOTEL
GROUP LIMITED	GROUP LIMITED
泛海國際集團有限公司*	泛海酒店集團有限公司*
(Incorporated in Bermuda with limited liability)	(Incorporated in Bermuda with limited liability)
(Stock Code: 129)	(Stock Code: 292)

DELAY IN DESPATCH OF CIRCULAR

MAJOR TRANSACTION

IN RELATION TO

INVESTMENT IN THE GUANGZHOU R&F NOTES

Reference is made to the joint announcement of Asia Orient Holdings Limited, Asia Standard International Group Limited ("ASI") and Asia Standard Hotel Group Limited ("ASH") dated 15 January 2021 in relation to the Investment in the Guangzhou R&F Notes (the "Announcement"). Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise specified.

As set out in the Announcement, it was expected that ASI and ASH would despatch their respective circulars (collectively, the "Circulars") containing the information required under the Listing Rules in relation to the Investment to their respective shareholders on or before 5 February 2021.

As additional time is required for finalising certain information to be included in the Circulars, each of ASI and ASH has applied to the Stock Exchange and the Stock Exchange has granted a waiver for dispensation from strict compliance with the requirements under Rule 14.41(a) of the Listing Rules. It is anticipated that the Circulars will be despatched on or before 24 February 2021.

By Order of the Board of	By Order of the Board of
Asia Standard International Group Limited	Asia Standard Hotel Group Limited
Fung Siu To, Clement	Lim Yin Cheng
Chairman	Deputy Chairman and Chief Executive
Hong Kong, 5 February 2021

As at the date of this joint announcement,

1. the executive directors of ASI are Mr. Fung Siu To, Clement, Mr. Poon Jing, Mr. Poon Hai, Mr. Poon Yeung, Roderick, Mr. Lun Pui Kan and Mr. Kwan Po Lam, Phileas and the independent non- executive directors of ASI are Mr. Koon Bok Ming, Alan, Mr. Leung Wai Keung and Mr. Wong Chi Keung; and
2. the executive directors of ASH are Mr. Poon Jing, Dr. Lim Yin Cheng, Mr. Poon Hai, Mr. Poon Yeung, Roderick, Mr. Fung Siu To, Clement and Mr. Woo Wei Chun, Joseph and the independent non-executive directors of ASH are Mr. Ip Chi Wai, Mr. Leung Wai Keung and Mr. Wong Chi Keung.

• For identification purpose only

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