High Fashion International : DELAY IN DESPATCH OF CIRCULAR REGARDING MAJOR TRANSACTION THE FACADE WORKS CONSTRUCTION CONTRACT

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High Fashion International Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 608)

DELAY IN DESPATCH OF CIRCULAR REGARDING

MAJOR TRANSACTION

THE FACADE WORKS CONSTRUCTION CONTRACT

Reference is made to the announcement of High Fashion International Limited ("the Company") dated 8 March 2021 (the "Announcement") in relation to the major transaction (when considered in aggregate with the Main Structure Construction Contract) in respect of the Facade Works Construction Contract. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless the context otherwise requires.

As set out in the Announcement, a circular (the "Circular") containing, among other matters, further details of the Facade Works Construction Contract and other information as required under the Listing Rules, is expected to be despatched to the Shareholders in accordance with the Listing Rules for their information on or before 29 March 2021.

As more time is required by the Company and its auditors to finalize the necessary financial information for inclusion in the Circular, in particular the statement of indebtedness and the statement of working capital sufficiency, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules to postpone the despatch date of the Circular.

Therefore, the date of despatch of the Circular is expected to be postponed to a later date, and further announcement(s) will be made by the Company in accordance with the Listing Rules when there are any updates in relation to the above.

By order of the Board

High Fashion International Limited

Lam Gee Yu, Will

Executive Director & Managing Director

Hong Kong, 29 March 2021

As at the date of this announcement, the Board comprises of (1) Executive Directors: Mr. Lam Foo Wah, Mr. Lam Gee Yu, Will, Mr. Lam Din Yu, Well and Ms. So Siu Hang, Patricia; (2) Non-executive Directors: Professor Yeung Kwok Wing and Mr. Hung Ka Hai, Clement; and (3) Independent Non-executive Directors: Mr. Wong Shiu Hoi, Peter, Mr. Leung Hok Lim and Mr. Chung Kwok Pan.