HC : WITHDRAWAL FROM LISTING OF CONVERTIBLE BONDS

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.

HC GROUP INC.

慧聰集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02280)

HK$780,000,000 5.00 PER CENT. CONVERTIBLE BONDS DUE 2019

(Stock Code: 5839)

WITHDRAWAL FROM LISTING OF CONVERTIBLE BONDS

Reference is made to the announcements of the Company dated 20 November 2014 and 27 November 2014 in relation to the issue of HK$780,000,000 5.00 per cent. convertible bonds due 2019 (the "Bonds").

The board (the "Board") of directors (the "Directors") of HC Group Inc. (the "Company" and together with its subsidiaries, the "Group") announces that pursuant to the terms and conditions of the Bonds, the Bonds matured on 27 November 2019 and the Company redeemed the entire outstanding principal amount of the Bonds in the sum of HK$51,600,000 plus interest accrued thereon on 27 November 2019. As at the date of this announcement, there are no outstanding Bonds in issue.

Accordingly, the listing of the Bonds has been withdrawn from The Stock Exchange of Hong Kong Limited.

By Order of the Board

HC Group Inc.

Liu Jun

Chairman

Hong Kong, 27 November 2019

- 1 -

As at the date of this announcement, the Board comprises:

Mr. Liu Jun (Executive Director and Chairman)

Mr. Zhang Yonghong (Executive Director and Chief Executive Officer) Mr. Liu Xiaodong (Executive Director and President)

Mr. Guo Fansheng (Non-executive Director)

Mr. Li Jianguang (Non-executive Director) Mr. Sun Yang (Non-executive Director)

Mr. Zhang Ke (Independent non-executive Director)

Mr. Zhang Tim Tianwei (Independent non-executive Director) Ms. Qi Yan (Independent non-executive Director)

- 2 -