China Wood International : APPLICATION FOR A REVIEW OF THE DECISION OF THE STOCK EXCHANGE ON LISTING RULE 13.24

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 WOOD INTERNATIONAL HOLDING CO., LIMITED

中木國際控股有限公司

(Joint Provisional Liquidators appointed)

(For restructuring purposes only)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1822)

APPLICATION FOR A REVIEW OF

THE DECISION OF THE STOCK EXCHANGE ON

LISTING RULE 13.24

Reference is made to the announcements of China Wood International Holding Co., Limited (the "Company") dated 23 April 2021 and 26 April 2021 (the "Announcements") in relation to the decision of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") that the Company has failed to maintain a sufficient level of operations and assets of sufficient value to support its operations under Rule 13.24 of the Rules (the "Listing Rules") Governing the Listing of Securities on the Stock Exchange. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Board wishes to inform the shareholders and potential investors of the Company that, after seeking professional advice and with due consideration, the Company has submitted a written request to the Stock Exchange on 4 May 2021 for the Decision to be referred to the Listing Committee for review (the "Review") pursuant to Chapter 2B of the Listing Rules.

1

Shareholders and potential investors of the Company are reminded that the outcome of the Review is uncertain. Shareholders who have any queries about the implication of the Decision are advised to seek appropriate professional advice.

Should there be any material development(s) in relation to the aforementioned matters, further announcement(s) will be made by the Company as and when appropriate.

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

By order of the Board

China Wood International Holding Co., Limited

中木國際控股有限公司

(Joint Provisional Liquidators appointed)

(For restructuring purposes only)

Lyu NingJiang

Chairman and Executive Director

Hong Kong, 4 May 2021

As at the date of this announcement, the Board comprises Mr. Lyu NingJiang (Chairman and CEO) as executive director, Mr. Hu YongGang as non-executive director; and Mr. Zhao XianMing, Mr. An Dong and Mr. Wan ManWah as independent non-executive directors.

2