China All Access : MONTHLY UPDATE ON THE POSSIBLE TRANSACTION PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

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.

中 國 全 通 (控 股) 有 限 公 司

CHINA ALL ACCESS (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 633)

MONTHLY UPDATE ON THE POSSIBLE TRANSACTION

PURSUANT TO

RULE 3.7 OF THE TAKEOVERS CODE

Reference is made to the announcement of China All Access (Holdings) Limited (the "Company") dated 11 July 2019 made pursuant to Rule 3.2 of the Takeovers code, the announcements of the Company dated 9 August 2019, 10 September 2019, 10 October 2019, 8 November 2019, 9 December 2019, 9 January 2020, 7 February 2020, 6 March 2020, 6 April 2020, 5 May 2020, 5 June 2020 and 6 July 2020 made pursuant to Rule 3.7 of the Takeovers code and the announcement of Company dated 28 April 2020 made pursuant to subscription of new shares under general mandate (collectively, the "Announcements"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements unless the context herein requires otherwise.

The Company wishes to update its shareholders and potential investors that the negotiation in respect of the Possible Subscription is still in progress and save for the MOU (with certain legally binding provisions), no formal or legally binding agreement for the Possible Subscription has been entered into between the Proposed Subscriber and the Company as at the date of this announcement.

The entering into of the Formal Agreement is conditional upon (1) completion of due diligence against the Group by the Proposed Subscriber; and (2) the entering into of the formal agreements in relation to the debt restructuring with Prosper Talent Limited and Dundee Greentech Limited. With regards to the status of (1) above, the preliminary round of in-house due diligence was completed and the Proposed Subscriber has confirmed that it was satisfied with the results. As the operating team of the Proposed Subscriber is based in Malaysia, it planned to engage external auditors from Malaysia to carry out further due diligence work in Hong Kong and the mainland China in February 2020. However, the pandemic outbreak of COVID-19

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drove the governments in Malaysia, Hong Kong and the PRC to impose various kinds of lockdown measures. No definitive timetable is available with regards to when the lockdown measures in Malaysia, Hong Kong and the PRC Governments will be terminated. Therefore, the Proposed Subscriber encounters hurdles to proceed to the next stage of the due diligence work. With regards to the status of (2) above, we arranged meetings for ADIB Holdings Limited ("ADIB") who, subject to conditions, subscribed for 420,000,000 new shares of the Company and upon completion of the subscription shall become the second largest shareholder holding approximately 15.37% of the issued share capital of the Company, to present to both Prosper Talent Limited and Dundee Greentech Limited the strategic value to be contributed by ADIB to the Group going forward. Both of them recognized that the source of funding for repaying their debts would be mainly generated from the future operating cashflow of the Group's business development supported by ADIB in the aspects of lining up business partnerships and provision of financing support. We will continue to work out debt repayment plans which are acceptable to all parties.

Further announcement(s) will be made by the Company to inform the Shareholders of any material developments relating to the Possible Subscription and further announcement(s) will be made by the Company on a monthly basis in compliance with Rule 3.7 of the Takeovers Code to keep the Shareholders and potential investors updated on the Possible Subscription. This obligation continues (and announcements will be required monthly) until the issuance of the Rule 3.5 announcement in relation to the Possible Subscription or of a decision not to proceed with the Possible Subscription.

Completion of the Possible Subscription, if materializes, will be subject to the terms of the Formal Agreement. As the MOU may or may not lead to the entering into of the Formal Agreement and the Possible Subscription may or may not proceed, and the Whitewash Waiver may or may not be granted, Shareholders and potential investors are advised to exercise caution when dealing in the Shares and other securities of the Company.

By order of the Board

China All Access (Holdings) Limited

Shao Kwok Keung

Chief Executive Officer

Hong Kong, 7 August 2020

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As at the date of this announcement, the executive Directors are Mr. Chan Yuen Ming and Mr. Shao Kwok Keung; the non-executive Director is Mr. Bao Tiejun; and the independent non-executive Directors are Mr. Wong Che Man Eddy, Mr. Lam Kin Hung Patrick and Mr. Tam Sui Kwan.

All Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquires, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.

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