BExcellent : COMPLETION OF DISCLOSEABLE TRANSACTION - ACQUISITION OF PROPERTY

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BExcellent Group Holdings Limited

精 英 匯 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1775)

COMPLETION OF DISCLOSEABLE TRANSACTION -

ACQUISITION OF PROPERTY

Reference is made to the announcement of the Company dated 20 May 2020 ("Initial Announcement") and the supplemental announcement of the Company dated 2 June 2020 in relation to the acquisition by the Group of a property located at Unit No. 02 on 3rd Floor of Tower III, Enterprise Square, New Kowloon Inland Lot No. 6115, Hong Kong. Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as ascribed thereto in the Initial Announcement.

The Board is pleased to announce that the Acquisition of the Property pursuant to the terms and conditions of the Formal Agreement was completed on 14 August 2020.

By order of the Board

BExcellent Group Holdings Limited

Leung Ho Ki, June

Chairman and Executive Director

Hong Kong, 14 August 2020

As at the date of this announcement, the Company's executive directors are Ms. Leung Ho Ki, June (Chairman), Mr. Tam Wai Lung (Chief Executive Officer), Mr. Chan Tsz Ying, Wister and Mr. Li Man Wai; the non-executive director is Dr. Shen Simon (formerly known as Dr. Shen Xu Hui); and the independent non-executive directors are Mr. Kwan Chi Hong, Mr. Li Kai Sing, and Professor Wong Roderick Sue Cheun.