China Huishan Dairy : Cancellation of listing

香 港 聯 合 交 易 所 有 限 公 司

(香港交易及結算所有限公司全資附屬公司)

THE STOCK EXCHANGE OF HONG KONG LIMITED

(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

ANNOUNCEMENT

In relation to the matter of

China Huishan Dairy Holdings Company Limited (the "Company") (the "Company" and, together with its subsidiaries, the "Group") (Stock code: 6863)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the "Exchange") announces that with effect from 9:00 am on 23 December 2019, the listing of the shares of China Huishan Dairy Holdings Company Limited (in Provisional Liquidation) (the "Company") will be cancelled in accordance with the delisting procedures under Practice Note 17 to the Listing Rules (the "Delisting Procedures").

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 23 December 2019 in accordance with the Delisting Procedures. Practice Note 17 to the Listing Rules formalises the procedures to be adopted to delist long-suspended companies.

Dealings in the Company's shares have been suspended since 24 March 2017. On 27 March 2018, the Listing Department placed the Company into the first delisting stage under Practice Note 17 to the Listing Rules as it was of the view that the Company did not comply with the requirement to have sufficient operations or assets under Rule 13.24.

On 27 September 2018 and 3 May 2019, the Exchange placed the Company into the second delisting stage and third delisting stage respectively. Before the expiry of the third delisting stage of 15 November 2019, the Company did not submit any resumption proposal. Therefore, the Exchange has decided to cancel the listing of the Company's shares on the Exchange.

The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement informing the public of the cancellation of the Company's listing.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

Hong Kong, 18 December 2019