Hongkong Chinese : CHANGE OF FINANCIAL YEAR END DATE

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HONGKONG CHINESE LIMITED

香 港 華 人 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 655)

CHANGE OF FINANCIAL YEAR END DATE

The financial year end date of the Company is changed from 31 March to 31 December.

This announcement is made by Hongkong Chinese Limited (the "Company", together with its subsidiaries, the "Group") pursuant to rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

CHANGE OF FINANCIAL YEAR END DATE

The Board of Directors of the Company (the "Board") approved the change of the financial year end date of the Company from 31 March to 31 December (the "Change").

Accordingly, the next financial year end date of the Company will be 31 December 2020 and the next annual audited consolidated financial statements of the Group will cover the nine months from 1 April 2020 to 31 December 2020.

REASONS FOR THE CHANGE

The principal activities of the Group are carried out through its principal joint ventures and subsidiaries which were incorporated and are operating mainly in Singapore and the People's Republic of China with the financial year end date of 31 December in accordance with the relevant statutory requirements. The Change will enable alignment of the Company's financial year end date with that of the aforesaid principal joint ventures and subsidiaries. It will also enable streamlining of the preparation and audit of the Group's consolidated financial statements and reduction of relevant time and costs.

The Board does not foresee any material adverse impact of the Change on the Group, and there is no other matter that needs to be brought to the attention of the shareholders of the Company in this regard.

SUBSEQUENT FINANCIAL REPORTING PERIODS

Following the Change, the Company will publish and despatch the financial results and reports of the Group for the following financial periods on or before the deadlines below:

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Financial period	Deadline for	Deadline for
	publication of results	despatch of
	announcement	financial reports
Unaudited consolidated interim results	30 November 2020	31 December 2020
for the six months ending 30 September
2020
Audited consolidated final results for	31 March 2021	30 April 2021
the nine months ending 31 December
2020
Unaudited consolidated interim results	31 August 2021	30 September 2021
for the six months ending 30 June 2021
Audited consolidated final results for	31 March 2022	30 April 2022

the year ending 31 December 2021

By Order of the Board

HONGKONG CHINESE LIMITED

John Luen Wai Lee

Chief Executive Officer

18 September 2020

As at the date of this announcement, the executive Directors of the Company are Dr Stephen Riady (Chairman) and Mr John Luen Wai Lee (Chief Executive Officer); the non-executive Director of the Company is Mr Leon Nim Leung Chan; and the independent non-executive Directors of the Company are Messrs Victor Ha Kuk Yung, King Fai Tsui and Edwin Neo.

• For identification purpose only

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