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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 952)

VOLUNTARY ANNOUNCEMENT

UPDATE ON THE PROVISION OF FINANCIAL ASSISTANCE

This announcement is made on a voluntary basis by China Tonghai International Financial Limited (the ''Company'').

Reference is made to the announcement of the Company dated 10 December 2020 and the circular dated 25 January 2021 (the ''Circular''), pursuant to which the Lender agreed to provide the Borrower I the Loan I of HK$70,000,000. Unless the context requires otherwise, capitalized terms used in this announcement shall have the same meaning as those defined in the Circular.

The Board wishes to announce that on 10 May 2021 (after trading hours), due to the delay in the Proposed Privatisation, the Lender, the Borrower I and the Personal Guarantors I entered into the supplemental agreement, pursuant to which the Lender agreed to extend the availability of the Loan I to the date falling 9 months after 10 December 2020 (or such later date as the Lender may agree in writing) with other terms and conditions of the Loan Facility Agreement I remains unchanged.

On behalf of the Board

China Tonghai International Financial Limited

HAN Xiaosheng

Chairman

Hong Kong, 10 May 2021

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As at the date of this announcement, the Board comprises:

Executive Directors:

Independent Non-executive Directors:

Mr. HAN Xiaosheng (Chairman)

Mr. Roy LO Wa Kei

Mr. FANG Zhou (Deputy Chairman)

Mr. KONG Aiguo

Mr. ZHANG Xifang

Mr. LIU Jipeng

Mr. LIU Hongwei

Mr. HE Xuehui

Mr. Kenneth LAM Kin Hing

Mr. HUANG Yajun

Non-executive Directors:

Mr. LIU Bing

Mr. ZHAO Yingwei

Mr. ZHAO Xiaoxia

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China Tonghai International Financial Limited published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 13:31:00 UTC.