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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 993)

ANNOUNCEMENT PURSUANT TO

RULE 13.18 OF THE LISTING RULES

This announcement is made by Huarong International Financial Holdings Limited (the ''Company'') in compliance with the announcement requirement under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'').

The board of directors (the ''Board'') of the Company announces that on 11 August 2020, the Company, as the borrower, entered into a supplemental facility letter (the ''Facility Letter'') with a bank as the lender (the ''Lender'') to renew an uncommitted revolving credit facility in an aggregate principal amount of up to US$40,000,000 or its equivalent amount in any major currency as determined by the Lender (the ''Facility''). The purpose of the Facility is for supporting the Company's corporate funding needs. The Company may make one or more drawdown or rollover of a drawing on or before 20 June 2021 and provided that no event of default has occurred or is continuing. The Facility has interest periods of one, two or three month(s) each to be agreed by the Company and the Lender subject to availability of funds to the Lender (the ''Interest Period'') and each drawdown or rollover of each drawing shall be repaid on the last day of the Interest Period applicable to it. In any case, an Interest Period shall not extend beyond 20 September 2021.

The availability of the Facility is subject to, among other things, a letter of comfort (the ''Comfort Letter'') being issued by China Huarong Asset Management Co., Ltd. (''China Huarong''), the controlling shareholder of the Company. China Huarong has issued the Comfort Letter and undertaken to continuously maintain control over the Borrower as long as the Facility remains outstanding. During the term of the Facility Letter, China Huarong shall maintain not less than 51% shareholdings of the Company, and the Ministry of Finance of the People's Republic of China (the ''MOF'') shall remain the controlling shareholder of China Huarong at all times for so long as any amount is outstanding under the Facility Letter or any Facility is in force.

As at the date of this announcement, China Huarong indirectly and beneficially holds approximately 51% of the entire issued share capital of the Company. In addition, the MOF is the controlling shareholder of China Huarong.

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The Company will continue to comply with the disclosure requirements under Rule 13.21 of the Listing Rules for so long as circumstances giving rise to the relevant obligation continue to exist.

By order of the Board

Huarong International Financial Holdings Limited

Yu Meng

Chairman

Hong Kong, 11 August 2020

As of the date of this announcement, the Board comprises Mr. Yu Meng and Mr. Wang Junlai as executive directors, Ms. Wang Qi as non-executive Director, and Mr. Hung Ka Hai Clement, Mr. Ma Lishan and Mr. Guan Huanfei as independent non-executive directors.

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Huarong International Financial Holdings Limited published this content on 11 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2020 12:58:09 UTC