China Vered Financial : SUPPLEMENTAL ANNOUNCEMENT (1) CONNECTED TRANSACTION IN RELATION TO THE DEEMED DISPOSAL OF EQUITY INTEREST IN A WHOLLY-OWNED SUBSIDIARY; AND (2) CONTINUING CONNECTED TRANSACTION

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 Vered Financial Holding Corporation Limited ʕᑢږፄછٰϞࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock Code: 245)

SUPPLEMENTAL ANNOUNCEMENT

(1) CONNECTED TRANSACTION IN RELATION TO THE DEEMED DISPOSAL OF EQUITY INTEREST

IN A WHOLLY-OWNED SUBSIDIARY; AND (2) CONTINUING CONNECTED TRANSACTION

Reference is made to the announcement (the ''Announcement'') of China Vered Financial Holding Corporation Limited (the ''Company'') dated 15 March 2021 regarding (1) the subscription of 8,648 ordinary shares of JBC (a wholly-owned subsidiary of the Company) by Vered Japan pursuant to the Subscription Agreement; and (2) the provision of management services by JBC to the Fund pursuant to the Investment Partnership Agreement.

Unless the context otherwise requires, capitalised terms in this announcement shall have the same meanings as defined in the Announcement.

This announcement is made to provide supplemental information on the identities of the ultimate beneficial owners of all corporate/partnership shareholders of Vered PRC and the details of which are set out below:

NINGBO HUASHAN

Ningbo Huashan was established in the PRC as a limited partnership and is currently holding 21.19% of equity interest in Vered PRC as of the date of this announcement. Details of its partners are as follows:

General Partner(s)

The ultimatebeneficial owner of such general partner (%)

Beijing Cezhong Ruicheng

Investment Management Co., Ltd.* (北京策眾睿誠 投資管理有限公司)

(''Beijing Cezhong'')

(Note 1)

Ms. Chen Guizhi

(陳桂芝) (51%) Mr. Zhang Wang

(張旺) (29.4%) Ms. He Ying

(何瑩) (19.6%)

Limited Partner(s)Respective shareholdings in Ningbo Huashan (%)

Mr. Lin Zhihong

(林治洪)

40% N/A

Ms. Chen Guizhi

(陳桂芝)

40% N/A

The general partner(s) of such limited partner (if applicable)The ultimate beneficial owner of such limited partner

N/A

N/A

Note 1: Beijing Cezhong is a company established in the PRC with limited liability.

BEIJING JUJIN XIANGYUN

Beijing Jujin Xiangyun is a company established in the PRC with limited liability and is wholly-owned by Mr. Wang Guandi (王冠 迪). Beijing Jujin Xiangyun is currently holding 11.02% of equity interest in Vered PRC as of the date of this announcement.

CANGZHOU CHINA RAILWAY

Cangzhou China Railway is a company established in the PRC with limited liability and is holding 8.47% of equity interest in Vered PRC as of the date of this announcement.

Direct Shareholder(s) of Cangzhou China Railway

Respective shareholdings inCangzhou China

Railway

Hebei Zongheng Iron and Steel Group

Co., Ltd.* (河北縱橫鋼鐵集團 有限公司 )( ''Hebei Zongheng'')

(Note 2)

51% Chaowei Power Group Limited

49% No information about its shareholders is revealed in public search

(超威動力集團有限公司)

(''Chaowei Power'') (Note 4) (49%)

Mr. Sun Jimu (孫紀木) (45.9%)

Ms. Sun Chunli (孫春麗) (5.1%)

Note 2:	Hebei Zongheng is a company established in the PRC with limited liability.
Note 3:	China Railway is a company established in the British Virgin Islands with limited liability. No
information about its shareholders is revealed in public search.
Note 4:	Chaowei Power is a company incorporated in the British Virgin Islands with limited liability. No
information about its shareholders is revealed in public search.

XIN FA GROUP

Xin Fa Group is a company established in the PRC with limited liability and is holding 8.47% of equity interest in Vered PRC as of the date of this announcement.

Direct Shareholder(s) of Xin Fa Groupshareholdings in

Xin Fa Group

Chiping Xinyou Enterprise

Management Co., Ltd.*

(茌平信友企業管理有限公司)

(''Chiping Xinyou'') (Note 5)

100% Mr. Zhang Gang (張剛) (51%)

Respective

Ms. Song Chuanying (宋傳英) (19.6%)

Mr. Zhang Yuhong (張玉洪) (9.8%)

Ms. Zhang Hongzhi (張紅芝) (9.8%)

Ms. Zhang Huaiqing (張懷青) (9.8%)

Note 5: Chiping Xinyou is a company established in the PRC with limited liability.

NINGBO CHENGTONG

Ningbo Chengtong is a company established in the PRC with limited liability and is holding 8.47% of equity interest in Vered PRC as of the date of this announcement.

Direct Shareholder(s) of Ningbo Chengtong

Ningbo Fengruikang Technology Co.,

Ltd.* (寧波豐睿康科技有限公司)

(''Ningbo Fengruikang'') (Note 6)shareholdings in Ningbo Chengtong

Respective

Note 6: Ningbo Fengruikang is a company established in the PRC with limited liability.

CHINA MINSHENG INVESTMENT

China Minsheng Investment is a company established in the PRC with limited liability and is holding 8.47% of equity interest in Vered PRC as of the date of this announcement.

Direct Shareholder(s) of China Minsheng Investment

China Minsheng Ultimate beneficial owner of such

Beijing Guoxin Baotai Investment

Consulting Co., Ltd.* (北京國信 保泰投資顧問有限公司)

(''Beijing Guoxin'') (Note 7)

Zhongtai Trust Co., Ltd.* (中泰信託 有限責任公司 )( ''Zhongtai Trust'')

(Note 8)

4% New Huangpu (29.9652%) (Note 9) PICC (19.9961%) (Note 10)

Beijing Airport (9.9884%) (Note 11) Win Eagle (6%) (Note 12 and 13)

Respective shareholdings in

Note 7:

Beijing Guoxin is a company established in the PRC with limited liability which is in turn wholly-owned by Horgos Guoxin Baotai Venture Capital Co., Ltd.* (霍爾果斯市國信保泰創業投資有限公 司 )( ''Horgo Guoxin''). Save for Zhongtai Trust (as stated in the table above), based on public information available as of the date of this announcement, the Company understands that no other natural person or corporate entity beneficially owned more than 5% equity interest of Horgos Guoxin.

Note 8:

Zhongtai Trust is a company established in the PRC with limited liability. Save as disclosed, based on public information available as of the date of this announcement, the Company understands that no other natural person or corporate entity beneficially owned more than 5% equity interest of Zhongtai Trust.

Note 9:

Shanghai New Huangpu Industrial Group Co., Ltd.* (上海新黃浦實業集團股份有限公司 )( ''New Huangpu'') is a joint stock limited company established in the PRC, the shares of which are listed in the Shanghai Stock Exchange (Stock Code: 600683). New Huangpu is holding 29.9652% of equity interest in Zhongtai Trust based on public information available as of the date of this announcement.

Note 10:

Guanglian (Nanning) Investment Co., Ltd.* (廣聯（南寧）投資股份有限公司 )( ''Guonglian'' ) is holding 19.99161% of equity interest in Zhongtai Trust based on public information available as of the date of this announcement. Guonglian is in turn indirectly wholly-owned by The People's Insurance Company (Group) of China Limited (中國人民保險集團股份有限公司 )( ''PICC''), the shares of which are listed on Shanghai Stock Exchange (Stock Code: 601319) and Hong Kong Stock Exchange (Stock Code: 1339).

Note 11:

Beijing Capital International Airport Co., Ltd (北京首都機場集團公司 )( ''Beijing Airport'' ) is a joint stock limited company established in the PRC, the shares of which are listed in the Hong Kong Stock Exchange (Stock Code: 694). Beijing Airport is holding 9.9884% of equity interest in Zhongtai Trust based on public information available as of the date of this announcement.

Note 12:

China Huawen Investment Holdings Co., Ltd.* (中國華聞投資控股有限公司 )( ''China Huawen'') is holding 31.5718% of equity interest in Zhongtai Trust and China Huawen is turn wholly-owned by Beijing International Trust Co., Ltd. (北京國際信託有限公司 )( ''Beijing International Trust''), based on public information available as of the date of this announcement. Save as disclosed in Note 13, based on public information available as of the date of this announcement, the Company understands that no other natural person or corporate entity owned more than 15% shareholdings of Beijing International Trust.

Note 13:

Win Eagle Investments Limited (威益投資有限公司 )( ''Win Eagle'') is a company incorporated in Hong Kong and is holding 19.9857% of equity interest in Beijing International Trust based on public information available as of the date of this announcement. Win Eagle is in turn wholly-owned by Citic Capital Holdings Limited (中信資本控股有限公司 )( ''Citic Capital''). Based on public information available as of the date of this announcement, the Company understands that no other natural person or corporate entity owned more than 25% shareholdings of Citic Capital.

Save for the above, based on public information available as of the date of this announcement, the Company understands that no other natural person or corporate entity holding more than 5% equity interest of China Minsheng Investment.

TIANJIN KEAI TRADING

Tianjin Keai Trading is a company established in the PRC with limited liability and is currently owned as to 60% by Mr. Ye Dawei (葉大偉) and 40% by Ms. An Na (安娜). Tianjin Keai Trading is holding 6.78% of equity interest in Vered PRC as of the date of this announcement.

WISON CHINA

Wison China is a company established in the PRC with limited liability and is holding 4.24% of equity interest in Vered PRC as of the date of this announcement.

Respective

Direct Shareholder(s) of Wison Chinashareholdings in

Wison China

Wison Investment (Hong Kong)

Limited (惠 生投資(香港)有限公司) (''Wison Hong Kong'') (Note 14)

Note 14:

Wison Hong Kong is a company incorporated in Hong Kong with limited liability. Based on public information available as of the date of this announcement, the Company understands that Wison Hong Kong is an indirect wholly-owned subsidiary of Wison Group Holding Limited which is in turn wholly-owned by Mr Hua.

NINGBO YUCHUAN INVESTMENT

Ningbo Yuchuan Investment is a company established in the PRC with limited liability and is holding 4.24% of equity interest in Vered PRC as of the date of this announcement.

Respective shareholdings in

Direct Shareholder(s) of Ningbo Yuchuan InvestmentNingbo Yuchuan

Investment

Beijing Yingzhong Xianghe Group

Co., Ltd. * (北京盈中祥合集團 有限公司 )( ''Beijing Yingzhong'')

(Note 15)

Note 15:

Beijing Yingzhong is a company established in the PRC with limited liability.

JINAN HIGH TECH CITY CONSTRUCTION

Jinan High Tech City Construction is a company established in the PRC with limited liability and is holding 4.24% of equity interest in Vered PRC as of the date of this announcement.

Direct Shareholder(s) of

Jinan High Tech City Construction

Respective shareholdings in

Jinan High Tech City Construction

Office of State-owned Assets

Supervision and Administration Commission of Jinan High-tech Industrial Development Zone Management Committee*

(濟南高新技術產業開發區管理 委員會國有資產監督管理委員會 辦公室)

Jinan Qilu Software Park

Development Center Co., Ltd.*

(濟南齊魯軟件園發展中心 有限公司) (Note 16) (''Jinan Qilu'')

20% Qilu Software Park Development

Center, Jinan High-tech Zone*

(濟南高新區 齊魯軟件園發展中心)

(40%) (Note 17) (''Qilu Software Development Center'') State-owned Assets Management

Committee of Jinan High-tech Industrial Development Zone*

(濟南高新技術產業開發區國有資產 管理委員會) (60%)

Note 16:

Jinan Qilu is a company established in the PRC with limited liability.

Note 17:

Qilu Software Development Center is a public institution legal person (事業單位法人) located in the PRC.

SHENZHEN MAIKE

Shenzhen Maike is a company established in the PRC with limited liability and is holding 4.24% of equity interest in Vered PRC as of the date of this announcement. Details of the shareholdings of Shenzhen Maike are as follows:

Direct Shareholder(s) of Shenzhen Maikeshareholdings in Shenzhen Maike

Xi'an Maike Metal International

Group Co., Ltd.* (西安邁科金屬 國際集團有限公司)

(''Xi'an Maike'') (Note 18)

71.43% SAIF III Mauritius (China Investments)

Xiamen Cinda Co., Ltd.* (廈門信達 股份有限公司 )( ''Xiamen Cinda'')

(Note 19)

Respective

Limited (30%) (''SAIF III'')

(Note 20)

Ms. He Jinbi (何金碧) (52.16%)

Ms. Zhang Chunling (張春玲) (17.84%)

28.57% Please refer to Note 2 below.

Note 18:	Xi'an Maike is a company established in the PRC with limited liability.
Note 19:	Xiamen Cinda is a joint stock limited company established in the PRC, the shares of which are
listed on Shenzhen Stock Exchange (Stock Code: 000701).
Note 20:	SAIF III is a company incorporated in Mauritius with limited liability. No information about its
shareholders is revealed in public search.

YIDA HOLDINGS

Yida Holdings is a company established in the PRC with limited liability and is holding 4.24% of equity interest in Vered PRC as of the date of this announcement. Details of the shareholdings of Yida Holdings are as follows:

Direct Shareholder(s) of Yida Holdingsshareholdings in

Yida Holdings

Dalian Zhongzhi Investment Co.,

Ltd.* (大連眾志投資有限公司) (''Dailian Zhongzhi'') (Note 21)

Respective

Note 21:

Dalian Zhongzhi is a company established in the PRC with limited liability.

GIANT NETWORK

Giant Network is joint stock limited company established in the PRC, the shares of which are listed on Shenzhen Stock Exchange (Stock Code: 002558). As of the date of this announcement, Giant Network is holding 2.54% of equity interest in Vered PRC.

BEIJING ZIYUN DONGCHENG

Beijing Ziyun Dongcheng is a company established in the PRC with limited liability and is owned as to 70% by Mr. Lin Zhihong (林治洪) and 30% by Mr. Li Feng (李峰). Beijing Ziyun Dongcheng is holding 2.29% of equity interest in Vered PRC as of the date of this announcement.

BEIJING YUNHENG

Beijing Yunheng is a company established in the PRC with limited liability and is wholly-owned by Mr. Peng Yachao (彭亞超). Beijing Yunheng is holding 0.85% of equity interest in Vered PRC as of the date of this announcement.

SHENZHEN GUOHUA

Shenzhen Guohua is a company established in the PRC with limited liability and is wholly-owned by Ms. Fu Yuzhen (傅玉珍). Shenzhen Guohua is holding 0.25% of equity interest in Vered PRC as of the date of this announcement.

Hong Kong, 19 March 2021

By order of the Board

China Vered Financial Holding Corporation Limited

Tomohiko Watanabe

Chairman

As at the date of this announcement, the Board comprises (1) Mr. Tomohiko Watanabe, Mr. Ni Xinguang and Ms. Li Wei as executive Directors; (2) Mr. Zhang Yang as non-executive Director; and (3) Mr. Wang Yongli, Ms. Zhou Hui and Mr. Dong Hao as independent non-executive Directors.

*

for identification purpose only