Doyen International : Announcements and Notices - Voluntary Announcement in Relation to the Status of the Loans

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.

DOYEN INTERNATIONAL HOLDINGS LIMITED

東 銀 國 際 控 股 有 限 公 司

(incorporated in Hong Kong with limited liability)

(Stock Code: 668)

VOLUNTARY ANNOUNCEMENT IN RELATION TO

THE STATUS OF THE LOANS

Reference is made to (i) the announcements of Doyen International Holdings Limited (the "Company", together with its subsidiaries, the "Group") dated 18 January 2018, 11 April 2018, 3 July 2018, 31 October 2018 and 25 January 2019 (collectively, the "Loan Status Announcements") in relation to the status of certain loans granted by the Group to the Borrower; and (ii) the announcements of the Company dated 28 December 2018, 15 February 2019, 28 February 2019 and 28 June 2019 (the "VSA Announcements") in relation to the Transfer of the Equity Interest in Doyen Shell; and (iii) the announcement of the Company dated 2 July 2019 (the "Property Preservation Announcement") in relation to the Property Preservation. Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Loan Status Announcements, the VSA Announcements and the Property Preservation Announcement.

On 12 August 2019, the Company received a further notice (the "Further Notice") from the Borrower which stated that, based on the Borrower's understanding from the committee of creditors of the Borrower (the "Creditors' Committee"), a claim against the Borrower was filed by Huarong, yet the Borrower has not received any court documents. In addition, according to the Further Notice, the Creditors' Committee has demanded Huarong to withdraw its claim against the Borrower.

The Company will seek PRC legal advice so as to verify the information as set out in the Further Notice and to ascertain the status of the charges over the Doyen Shell Equity Interest. The Company will make further announcement(s) to update its shareholders and investors if there are any material updates in relation to the Debt Restructuring and the preservation of the Doyen Shell Equity Interest as and when appropriate.

1

Shareholders and potential investors should exercise caution when dealing in the shares of the Company.

By Order of the Board

Doyen International Holdings Limited

Cho Chun Wai

Company Secretary and Executive Director

Hong Kong, 14 August 2019

As at the date of this announcement, the Board comprises Mr. Lo Siu Yu (Chairman), Mr. Tai Xing (Chief Executive Officer) and Mr. Cho Chun Wai as executive Directors; Ms. Luo Shaoying (Vice Chairman), Mr. Pan Chuan and Mr. Qin Hong as non-executive Directors; and Mr. Chan Ying Kay, Mr. Leung Kin Hong and Mr. Wang Jin Ling as independent non-executive Directors.

2