China Putian Food : INSIDE INFORMATION - (I) DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020; (II) POSTPONEMENT OF THE BOARD MEETING; AND (III) 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.

CHINA PUTIAN FOOD HOLDING LIMITED

中 國 普 甜 食 品 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01699)

INSIDE INFORMATION

1. DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020;
2. 1. POSTPONEMENT OF THE BOARD MEETING; AND
   2. 1. SUSPENSION OF TRADING

This announcement is made by China Putian Food Holding Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rules 13.09(2) and 13.49(3) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') (the ''Listing Rules'') and 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).

Reference is made to the announcements of the Company dated 18 March 2021 and 30 March 2021 in relation to the meeting of the board (the ''Board'') of directors (the ''Directors'') of the Company originally scheduled to be held on 30 March 2021 (the ''Board Meeting'') and subsequently further postponed to 31 March 2021 for the purpose of, among other matters, considering and approving the annual results of the Group for the year ended 31 December 2020 (the ''2020 Annual Results'').

DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish an announcement for the 2020 Annual Results not later than three months after the end of the financial year of the Company, i.e. on or before 31 March 2021. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the 2020 Annual Results shall be based on the Company's financial statements for the year ended 31 December 2020 which shall have been agreed with the auditors of the Company (the ''Auditors'').

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The Board hereby announces that the publication of the 2020 Annual Results will be delayed. The reason for such delay is that the Company is in the process of negotiating on a matter which may constitute insider information and the result of which may affect the 2020 Annual Results and addressing certain outstanding evidence related to the going concern basis regarded by the Auditors to the Board and the audit committee of the Company (the ''Audit Committee''). Therefore, additional time is required for the Company and the Auditors to finalise the 2020 Annual Results.

The Board acknowledges that any delay in publishing the announcement in relation to the 2020 Annual Results will constitute non-compliance with Rule 13.49(1) of the Listing Rules. It is expected that the 2020 Annual Results will be published on or before 16 April 2021.

Rule 13.49(3) of the Listing Rules provides that where an issuer is unable to issue its preliminary results in accordance with Rules 13.49(1) and (2) of the Listing Rules, it must announce its results based on the financial results that have yet to be agreed with the auditor (so far as the information is available).

After due and careful consideration, the Board is of the view that it may not be appropriate for the Company to publish the unaudited management accounts of the Group for the year ended 31 December 2020 at this stage as they may not accurately reflect the financial performance and position of the Group, and their publication may be misleading and/or confusing to the Shareholders and potential investors of the Company.

POSTPONEMENT OF THE BOARD MEETING

Due to the aforesaid delay in the publication of the 2020 Annual Results, the Board Meeting will be postponed to another date to be fixed and announced by the Board.

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, trading in the shares of the Company on the Stock Exchange is currently expected to be suspended with effect from 9:00 a.m. on 1 April 2021 until the publication of the 2020 Annual Results. The Company will publish further announcement(s) in due course to inform the Shareholders and potential investors of (a) the date of the Board Meeting for the purposes of (i) considering and (if appropriate) approving the 2020 Annual Results, and (ii) approving the publication of the same on the websites of the Stock Exchange and the Company; and (b) the date of release of the 2020 Annual Results.

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

By order of the Board

China Putian Food Holding Limited

CAI Chenyang

Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the Board comprises Mr. CAI Chenyang, Mr. CAI Haifang and Ms. MA Yilin as executive Directors, Mr. CHENG Lian and Mr. CAI Zhiwei as non-executive Directors and Mr. XUE Chaochao, Mr. CAI Zirong and Mr. WANG Aiguo as independent non-executive Directors.

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