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.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer, its management, as well as financial statements. No public offer of securities is to be made by the Company in the United States.

Hilong Holding Limited 海隆控股有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1623)

INSIDE INFORMATION - DEBT SECURITIES

UPDATES ON PROPOSED RESTRUCTURING OF 7.25% SENIOR NOTES DUE 22 JUNE 2020 (ISIN:

XS1628314889/COMMON CODE: 162831488)

AND

8.25% SENIOR NOTES DUE 26 SEPTEMBER 2022 (ISIN:

XS2016067303/COMMON CODE: 201606730) ISSUED BY HILONG HOLDING LIMITED

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).

*For identification purpose only 1

Reference is made to the announcement of the Company dated 16 December 2020 (the "16 December 2020 Announcement") appended with the Restructuring Support Agreement. Unless the context requires otherwise, capitalized terms used herein shall have the same meanings as those defined in the 16 December 2020 Announcement.

The Company wishes to announce that the convening hearing in respect of the Cayman Scheme (the "Scheme Convening Hearing"), at which an order will be sought to convene the Scheme Meeting for the purpose of considering and, if thought fit, approving (with or without modification) the Cayman Scheme, is scheduled to be heard before the Cayman Court at 9:00 am on 22 March 2021 (Cayman time).

In the event that the Cayman Court makes an order permitting the convening of the Scheme Meeting, the Company anticipates that the Scheme Meeting will be held at 7:00 pm on 4 May 2021 (Cayman time). The details of the Scheme Meeting will be set out in a notice of the Scheme Meeting to be provided with the Scheme Creditors together with other relevant documentation after the Scheme Convening Hearing.

Documents and announcements related to the Cayman Scheme can be found on the transaction website:https://bonds.morrowsodali.com/hilong.

Further announcement(s) will be made by the Company to inform the investors of any material developments relating to the proposed debt restructuring of the Company.

Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board

Hilong Holding Limited

ZHANG Jun

Chairman

Hong Kong, 19 March 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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Hilong Holding Limited published this content on 19 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2021 15:22:03 UTC.