China U Ton Future Space Industrial : RESIGNATION OF COMPANY SECRETARY AND INDEPENDENT NON-EXECUTIVE DIRECTOR AND NON-COMPLIANCE WITH THE LISTING RULES

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CHINA U-TON FUTURE SPACE INDUSTRIAL GROUP HOLDINGS LTD.

中國優通未來空間產業集團控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 6168)

RESIGNATION OF COMPANY SECRETARY AND INDEPENDENT NON-

EXECUTIVE DIRECTOR

AND

NON-COMPLIANCE WITH THE LISTING RULES

The board of directors (the "Board") of China U-Ton Future Space Industrial Group Holdings Ltd. (the "Company") hereby announces that:

1. Ms. Chan Oi Chong ("Ms. Chan") has tendered her resignation as the company secretary of the Company with effect from 5 May 2021 due to her other business commitment which requires more of her dedication; and
2. Mr. Meng Fanlin ("Mr. Meng") has tendered his resignation as an independent non- executive director of the Company with effect from 5 May 2021 due to his other business commitment which requires more of his dedication.

Each of Ms. Chan and Mr. Meng has confirmed that she/he has no disagreement with the Board and that there is no matter relation to her/his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Due to the above resignation, the Company fails to comply with the following requirements under the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"):

1. Rule 3.28 of the Listing Rules requires that the Company must appoint an individual as its company secretary;
2. Rule 3.10A of the Listing Rules requires that the independent non-executive directors shall represent at least one-third of the Board;
3. Rule 3.21 of the Listing Rules requires that the audit committee must comprise a minimum of three members; and

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1. Code provision A.5.1 of the Corporate Governance Code contained in Appendix 14 to the Listing Rules requires that the nomination committee shall be chaired by the chairman of the Board or an independent non-executive director.

The Company is in the process of identifying suitable candidate to fill in the vacancy of company secretary and independent non-executive director of the Company in order to re- comply with the Listing Rules. Further announcement(s) will be made once the new company secretary and independent non-executive director are appointed.

The Board would like to express its sincere gratitude to Ms. Chan and Mr. Meng for their contribution to the Company during their tenure of service.

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

By order of the Board

China U-Ton Future Space Industrial Group Holdings Ltd.

Jiang Changqing

Chairman

Hong Kong, 5 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Jiang Changqing, Mr. Zhao Feng, Ms. Ji Huifang, Ms. Liu Jianzhou, Mr. Chen Qizheng and Mr. Liu Zhen; the non-executive director is Mr. Ge Lingyue; the independent non-executive directors are Mr. Wang Haiyu, Ms. Teng Xun and Ms. Wu Hanpu.

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