Wealthy Way : INSIDE INFORMATION ANNOUNCEMENT - RELEASE OF SHARE CHARGE BY CONTROLLING SHAREHOLDER

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Wealthy Way Group Limited

富道集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 3848)

INSIDE INFORMATION ANNOUNCEMENT

RELEASE OF SHARE CHARGE BY CONTROLLING SHAREHOLDER

This announcement is made by Wealthy Way Group Limited (the "Company") pursuant to Rule 13.17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements ("Announcements") of the Company dated 15 and 17 July 2019, in relation to the share charge executed by Wealthy Rise Investment Limited over the charge over shares of 10,000,000 Shares in favour of the Lender as security (the "Share Charge"). Unless stated otherwise, the defined terms used herein shall have the same meaning as those defined in the Announcements.

On the date of this announcement, the Company has been notified that the Share Charge has been released on 16 April 2021 and the relevant registration procedures for the release of the Share Charge will be completed in due course.

As at the date of this announcement, including the aforementioned released shares, Wealthy Rise is interested in 101,974,000 Shares, representing approximately 65.57% of the issued share capital of the Company.

On behalf of the Board

Wealthy Way Group Limited

LO Wai Ho

Chairman and Executive Director

Hong Kong, 19 April 2021

As at the date of this announcement, the Board comprises Mr. Lo Wai Ho, Ms. Chan Shuk Kwan, Winnie and Mr. Xie Weiquan as executive Directors; and Mr. Ha Tak Kong, Mr. Ip Chi Wai and Mr. Kam Wai Man as independent non-executive Directors.