Cosmo Lady China : VOLUNTARY ANNOUNCEMENT - SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME

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.

Cosmo Lady (China) Holdings Company Limited

都 市 麗 人（中 國）控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2298)

VOLUNTARY ANNOUNCEMENT

SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME

This announcement is made by Cosmo Lady (China) Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis for the purpose of keeping the shareholders and potential investors of the Company informed of the latest operation of the Group.

Reference is made to the announcement of the Company dated 28 June 2019 (the "Announcement") in relation to the adoption of the share award scheme of the Company (the "Share Award Scheme"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As instructed by the Company, on 14 May 2021, the Trustee has purchased an aggregate of 1,000,000 Shares on the market for the purpose of the Share Award Scheme. Details of the aforementioned purchases are as follows:

Date of purchase	:	14 May 2021
Aggregate number of Shares purchased	:	1,000,000
Percentage of issued share capital of the Company	:	Approximately 0.044%
(as of the date of this announcement)
Average consideration per Share	:	Approximately HK$1.0812
Total consideration	:	Approximately HK$1,081,200

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Subject to the Scheme Rules, the Board may, from time to time, at its absolute discretion select any Eligible Participant (other than any Excluded Person) for participation in the Share Award Scheme as a Selected Participant, and grant such number of Awarded Shares to any Selected Participant at no consideration and in such number and on and subject to such terms and conditions as it may in its absolute discretion determine. Up to the date of this announcement, 6,858,200 Shares have been granted under the Share Award Scheme.

By Order of the Board

Cosmo Lady (China) Holdings Company Limited

Zheng Yaonan

Chairman

Hong Kong, 14 May 2021

As at the date of this announcement, the Board comprises Mr. Zheng Yaonan, Mr. Zhang Shengfeng, Ms. Wu Xiaoli and Mr. Siu Ka Lok as executive Directors; Mr. Lin Zonghong, Mr. Wen Baoma, Mr. Jiang Bo and Mr. Zhao Yingming as non-executive Directors and Mr. Yau Chi Ming, Dr. Dai Yiyi, Mr. Chen Zhigang and Dr. Lu Hong Te as independent non-executive Directors.

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