DreamEast : POSTPONEMENT OF BOARD MEETING

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.

DREAMEAST GROUP LIMITED

夢東方集團有限公司

(Incorporated in Bermuda with limited liability and

carrying on business in Hong Kong as "DreamEast Cultural Entertainment")

(Stock Code: 593)

POSTPONEMENT OF BOARD MEETING

References are made to the announcements of DreamEast Group Limited (the "Company") dated 29 March 2021, 15 April 2021, 16 April 2021 and 21 April 2021 (collectively, the "Announcements") in relation to, among other things, the board meeting for approving the 2020 Annual Results to be held on 3 May 2021. Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

POSTPONEMENT OF BOARD MEETING

As additional time is required by the Auditor to perform and complete the audit work in respect of the 2020 Audited Results, the Board meeting originally scheduled to be held on 3 May 2021 to consider and approve, among other matters, the publication of the 2020 Audited Results, will be postponed. As at the date of this announcement, the revised Board meeting date is yet to be fixed, and the Company will continue to work with the Auditor to complete the audit work as soon as practicable and will publish further announcement(s) to inform the shareholders of the Company of the date of the revised Board meeting as and when appropriate.

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CONTINUED SUSPENSION OF TRADING

Trading in the Shares has been suspended with effect from 9:00 a.m. on 1 April 2021 and shall remain suspended pending the Company's compliance with the Resumption Guidance. Further announcement(s) will be made by the Company as and when appropriate and in compliance with the requirements under the Listing Rules.

On behalf of the Board

DREAMEAST GROUP LIMITED

Chan Tak Kwong

Company Secretary

Hong Kong, 30 April 2021

As at the date of this announcement, the Board comprises Ms. Zhou Jin (Chairman) and Mr. Yang Lei being the executive Directors, and Dr. Chen Guanglei, Dr. Meng Xiaosu, Mr. Yang Buting and Mr. Zhao Daxin being the independent non-executive Directors.

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