Carnival International : POSTPONEMENT OF BOARD MEETING; DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 AND DESPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 AND SUSPENSION OF TRADING

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.

Carnival Group International Holdings Limited

嘉 年 華 國 際 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock code : 00996)

POSTPONEMENT OF BOARD MEETING;

DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS FOR

THE YEAR ENDED 31 DECEMBER 2020 AND DESPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 AND

SUSPENSION OF TRADING

This announcement is made by Carnival Group International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.10 of the Listing Rules.

Reference is made to (i) the announcement of the Company dated 31 March 2021 relating to, among others, the publication of the unaudited annual results of the Group for the year ended 31 December 2020 (the "Unaudited Results Announcement"); and (ii) the announcement of the Company dated 20 April 2020 in relation to the meeting of the board of directors of the Company (the "Board") to be held on 30 April 2021 (the "Board Meeting") to approve, among others, the audited annual results of the Group for the year ended 31 December 2020 (the "2020 Annual Results"). Unless otherwise defined, capitalised terms used herein but not otherwise defined shall have the meaning ascribed to them in the Unaudited Results Announcement.

As disclosed in the Unaudited Results Announcement, the auditing process for the 2020 Annal Results was expected to be completed on or before 30 April 2021. However, due to the reasons as stated below, additional time is required to complete the auditing process. The Company wishes to update the shareholders of the Company (the "Shareholders") and potential investors that the auditing process is expected to be completed on or before 14 May 2021, and therefore, the Board Meeting will be postponed to 14 May 2021.

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The reasons for the delay is due to certain material loan and bank confirmation have not yet been received by the auditors of the Company and the valuation of the liabilities of certain corporate guarantee have not yet been completed. Accordingly, additional time is required for the auditors of the Company to complete its audit procedures.

As a result, the Company is unable to publish the 2020 Annual Results which shall have been agreed with the Auditors by 30 April 2021. It is expected that 2020 Annual Results will be published on 14 May 2021 and the annual report of the Company for the year ended 31 December 2020 ("2020 Annual Report") will be despatched on or before 31 May 2021.

The Board acknowledges that the delay in publication of the 2020 Annual Results and the delay in despatch of the 2020 Annual Report will constitute non-compliance with Rules 13.49(1) and 13.46(1)(a) of the Listing Rules.

SUSPENSION OF TRADING

Pursuant to Rule 13.50 of the Listing Rules, the Stock Exchange will normally require suspension of trading in an issuer's securities if an issuer fails to publish periodic financial information in accordance with the Listing Rules, and the suspension will normally remain in force until the issuer publishes an announcement containing the requisite financial information. Accordingly, the Company applied for the suspension of trading in the shares of the Company on the Stock Exchange with effect from 9:00 a.m. on 30 April 2021 pending the publication of the announcement in relation to the audited 2020 Annual Results by the Company.

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

By order of the board

Carnival Group International Holdings Limited

Luo Jiaqi

Executive Director

Hong Kong, 29 April 2021

The Board, as at the date of this announcement, comprises Mr. Luo Jiaqi, Mr. Tin Ka Pak and Mr. Tang Runtao as executive Directors, and Mr. Chau Wai Hing, Mr. Ma Hang Kon Louis and Mr. Tso Hon Sai Bosco as independent non-executive Directors.

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