FDG Kinetic : FURTHER UPDATE ON ADJOURNMENT OF ANNUAL GENERAL MEETING

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FDG Kinetic Limited

五龍動力有限公司

(Receivers and Managers Appointed)

(Incorporated in Bermuda with limited liability)

(Stock Code: 378)

FURTHER UPDATE ON ADJOURNMENT OF

ANNUAL GENERAL MEETING

Reference is made to the Notice of AGM of FDG Kinetic Limited (Receivers and Managers Appointed) (the "Company") dated 29 December 2020 and the announcements of the Company dated 16 March 2021, 17 March 2021, 31 March 2021 and 6 April 2021 (the "Announcements") in relation to the adjournment of the AGM. Unless otherwise stated, capitalised terms used herein shall have the same meanings ascribed in the Announcements.

The Board wishes to announce that, subject to finalisation of certain internal logistics arrangements, the Adjourned AGM will be held at Regus Conference Centre, 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong on Friday, 30 April 2021 at 11:00 a.m.

As mentioned in the Announcements, the Company received a notice for election as directors from Sinopoly proposing four candidates, the Proposed Candidates, to be put before the shareholders of the Company (the "Shareholders") for voting at the AGM and the Bermuda Court ordered that the Proposed Candidates be included in the voting at the Adjourned AGM to fill the three vacancies arising from the retirement of three of the Directors pursuant to bye- laws 87 and 88 of the Bye-laws.

Since the proxy form which was sent to the Shareholders together with the circular dated 29 December 2020 does not contain the proposed resolutions for appointment of the Proposed Candidates, a new proxy form (the "Second Proxy Form") will be sent to the Shareholders together with a supplemental notice (the "Supplemental Notice") of the Adjourned AGM on or about 22 April 2021.

Shareholders are requested to complete the Second Proxy Form in accordance with the instructions printed on it and return the completed Second Proxy Form to the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong not less than 48 hours before the time for holding the Adjourned AGM or any adjournment thereof. Arrangements about the completion and submission of the Second Proxy Form will also be set out in the Second Proxy Form and the Supplemental Notice.

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IMPORTANT NOTICE: The Company is in the process of obtaining Bermuda legal advice in relation to the Bermuda Court Orders and this announcement is made without admission to Sinopoly's submissions to the Bermuda Court and without prejudice to the Company's rights and position to appeal the Bermuda Court Orders, as appropriate and all general legal rights against Sinopoly.

On behalf of the Board

FDG Kinetic Limited

(Receivers and Managers Appointed)

Jaime Che

Chief Executive Officer

Hong Kong, 9 April 2021

As at the date of this announcement, the Board comprises Mr. Jaime Che (Chief Executive Officer) and Mr. Cao Zhong (suspended) as executive directors; and Mr. Hung Chi Yuen Andrew and Mr. Toh Hock Ghim as independent non-executive directors.

Website: http://www.fdgkinetic.com

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