China All Access : VOLUNTARY ANNOUNCEMENT - TRADE FINANCING AGREEMENT

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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)

VOLUNTARY ANNOUNCEMENT

TRADE FINANCING AGREEMENT

This announcement is made by China All Access (Holdings) Limited (the "Company" and, together with its subsidiaries, the "Group") on a voluntary basis.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that on 28 August 2020, the Company entered into a trade financing agreement (the "Agreement") with Energy Venture Holding Company (EVHC) LLC,

1. company incorporated in Qatar (the "Financing Partner"). Whilst the Company is developing the business of engineering procurement construction ("EPC"), it has to secure trade financing for execution of various telecommunications projects. Pursuant to the Agreement, the Financing Partner agreed to provide trade financing of US$500 million for the joint development of the telecommunications projects as well as other EPC projects including solar energy projects which are being developed by the Company. The Company is responsible for identifying qualified telecommunications projects and any other projects for the Financing Partner to provide funding, executing equipment procurement, mobilizing resources for project construction, monitoring project progress, running testing and commission, finalizing project completion and handover as well as managing ongoing maintenance and warranty service. The Company and the Financing Partner will decide jointly for the payment to be received by the Financing Partner in each trade finance transaction of this Agreement. The Agreement will remain in full force and effect for one year and can be extended for another year if mutually agreed by both parties.

The Board is of the view that the entering into the Agreement is beneficial to the Company as it provides prominent amount of financing resources for EPC projects which can generate more profitable business and positive operating cashflow for our future development.

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The Board considers that the cooperation contemplated under the Agreement is in the ordinary and usual course of business of the Company and the terms of the Agreement are negotiated on an arm's length basis and on normal commercial terms and are fair and reasonable and in the interests of the Company and its shareholders as a whole.

To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, the Financing Partner and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

By order of the Board

China All Access (Holdings) Limited

Shao Kwok Keung

Chief Executive Officer

Hong Kong, 31 August 2020

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.

* for identification purposes only

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