Frontage : CLARIFICATION ANNOUNCEMENT - REVISED PROXY FORM FOR ANNUAL GENERAL 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.

FRONTAGE HOLDINGS CORPORATION

方達控股公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1521)

CLARIFICATION ANNOUNCEMENT

REVISED PROXY FORM FOR ANNUAL GENERAL MEETING

Reference is made to the proxy form (the "First Proxy Form") for use by the shareholders (the "Shareholders") of Frontage Holdings Corporation (the "Company") at the annual general meeting (the "AGM") of the Company to be held at 1227 Zhangheng Road, Building 2, Zhangjiang Hi-Tech Park, Shanghai, China on Thursday, May 27, 2021 at 10:00 a.m. (or at any adjournment thereof). The board of directors of the Company (the "Board") would like to clarify that the resolution 2(b) on the First Proxy Form should read "To re-electMr. Jun Gao as a non-executiveDirector ." and resolution 2(c) on the First Proxy Form should read "To re-electMr. Yifan Li as an independent non-executiveDirector ." instead. Accordingly, a revised proxy form (the "Revised Proxy Form") for the AGM (or any adjournment thereof) will be despatched to the Shareholders.

Shareholders who have not completed and returned the First Proxy Form and wish to appoint proxies to attend the AGM are required to complete and return the Revised Proxy Form, together with the power of attorney or other authority (if any) under which it is signed, or a certified copy of that power of attorney, to the Company's branch registrar and transfer office in Hong Kong, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not less than 48 hours before the time appointed for the holding of the AGM (i.e. no later than 10:00 a.m. on Tuesday, May 25, 2021 (Hong Kong time)) (the "Closing Time") or any adjourned meeting (as the case may be). Under such circumstances, the Shareholders should use the Revised Proxy Form and should not return the First Proxy Form.

1

For any Shareholders who have already duly completed and submitted the First Proxy Form to the Company,

1. if no Revised Proxy Form is submitted to the Company by the Closing Time, the First Proxy Form correctly completed and duly lodged will be treated as a valid proxy form submitted by the Shareholder. However, the relevant items of the ordinary resolutions 2(b) and 2(c) in the First Proxy Form will not be counted and will be deemed invalid;
2. if a Revised Proxy Form is duly completed and submitted to the Company by the Closing Time, such Revised Proxy Form will revoke and supersede the First Proxy Form submitted by the Shareholder. Such Revised Proxy Form will be treated as a valid proxy form submitted by the Shareholder; and
3. if a Revised Proxy Form is submitted to the Company after the Closing Time, such Revised Proxy Form will be invalid and the validity of the First Proxy Form correctly completed and duly submitted by the Shareholder will not be affected.

Save as the aforesaid, all other information and contents stated in the First Proxy Form are correct and remain unchanged.

By order of the Board

Frontage Holdings Corporation

Dr. Song Li

Chairman

Hong Kong, April 28, 2021

As at the date of this announcement, the Board comprises Dr. Song Li and Dr. Zhihe Li as executive directors; Mr. Jun Gao as non-executive director; and Mr. Yifan Li, Mr. Erh Fei Liu and Dr. Jingsong Wang as independent non-executive directors.

• For identification purposes only

2