Hilong : NOTICE OF THE SCHEME EFFECTIVE DATE

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.

Hilong Holding Limited

海 隆 控 股 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1623)

NOTICE OF THE SCHEME EFFECTIVE DATE

This announcement is made by Hilong Holding Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Terms used in this Notice have the same meaning as in the explanatory statement dated 23 March 2021 (as supplemented on 16 April 2021) (the "Explanatory Statement") relating to the proposed scheme of arrangement under section 86 of the Cayman Islands Companies Act between the Company and the Scheme Creditors (the "Scheme").

The Company is pleased to announce that, by an order dated 6 May 2021, the Court sanctioned the Scheme (the "Scheme Sanction Order"). A sealed copy of the Scheme Sanction Order was filed with the Registrar of Companies. Furthermore, the Scheme Conditions have been satisfied and the Scheme Effective Date has occurred on 7 May 2021 (Cayman Islands time).

The Company will issue a further notice specifying the Restructuring Effective Date, which date shall be a Business Day occurring within five (5) Business Days following the satisfaction or waiver of the Restructuring Effective Date Conditions.

• For identification purpose only

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For assistance please contact:

Morrow Sodali Limited

Attention: Debt Services Team

Telephone: in Hong Kong: [phone]; in London: [phone]

Email: [e-mail]

Scheme Website: https://bonds.morrowsodali.com/hilong

Scheme AHL Portal: https://portal.morrowsodali.com/hilong

By order of the Board

Hilong Holding Limited

ZHANG Jun

Chairman

Hong Kong, 7 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Jun and Mr. WANG Tao（汪濤）; the non-executive directors are Ms. ZHANG Shuman, Dr. YANG Qingli and Mr. CAO Hongbo; and the independent non-executive directors are Mr. WANG Tao（王濤）, Mr. WONG Man Chung Francis and Mr. SHI Zheyan.

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