Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement appears for information purposes only and is not intended to and does not constitute, or form part of, any offer to purchase or subscribe for or an invitation to purchase or subscribe for any securities of the Offeror or the Company or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities of the Company in any jurisdiction in contravention of applicable law.

Purity Investment Limited

(Incorporated in the Cayman Islands with

limited liability)

HUIFU PAYMENT LIMITED

(Incorporated in the Cayman Islands with limited liability under the names of

Huifu Limited and )

(Stock code: 1806)

JOINT ANNOUNCEMENT

  1. PROPOSAL FOR THE DELISTING OF HUIFU PAYMENT LIMITED BY THE OFFEROR BY WAY OF A SCHEME OF ARRANGEMENT
    (UNDER SECTION 86 OF THE COMPANIES ACT)
  1. CLOSING AND RESULTS OF THE OPTION OFFER AND
    1. PAYMENT UNDER THE OPTION OFFER

Financial Adviser to the Offeror

Independent Financial Adviser to the Independent Board Committee

SOMERLEY CAPITAL LIMITED

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INTRODUCTION

References are made to (i) the scheme document jointly issued by Purity Investment Limited (the "Offeror") and Huifu Payment Limited (the "Company") on 27 January 2021 (the "Scheme Document") in relation to, among other things, the proposal for the delisting of the Company by the Offeror by way of a scheme of arrangement under Section 86 of the Companies Act; (ii) the joint announcement issued by the Offeror and the Company on 19 February 2021 in relation to the results of the Court Meeting and the General Meeting; (iii) the joint announcement issued by the Offeror and the Company on 25 March 2021 in relation to, among other things, the sanction of the Scheme by the Grand Court; and (iv) the joint announcement issued by the Offeror and the Company on 26 March 2021 in relation to, among other things, the Effective Date of the Scheme and the Option Offer became unconditional.

Unless otherwise defined, terms used herein shall have the same meanings as those defined in the Scheme Document. Unless otherwise indicated, all references to time and dates contained in this joint announcement are to Hong Kong time and dates.

CLOSING AND RESULTS OF THE OPTION OFFER

The Option Offer closed at 4:00 p.m. on Thursday, 8 April 2021.

As at 4:00 p.m. on Thursday, 8 April 2021, being the latest time and date for lodging the Form of Acceptance in relation to the Option Offer, valid acceptances of the Option Offer had been received in respect of 57 out of the 145 Optionholders. This represents acceptances in respect of 18,262,690 Share Options, representing approximately 9.65% of the total number of Outstanding Share Options as at Thursday, 8 April 2021.

PAYMENT UNDER THE OPTION OFFER

Payment to the Optionholders who have validly accepted the Option Offer is expected to be made within seven (7) Business Days following the later of the Effective Date (which was Thursday, 25 March 2021 (Cayman Islands time), being the date when the Option Offer became unconditional) and the date of receipt of validly completed and executed Forms of Acceptance but in any event on or before Monday, 19 April 2021.

By Order of the board of

By Order of the board of

Purity Investment Limited

Huifu Payment Limited

JIN Yuan

ZHOU Ye

Director

Chairman

Shanghai, the People's Republic of China, 8 April 2021

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As at the date of this joint announcement, the directors of the Offeror are Mr. ZHOU Ye, Ms. MU Haijie and Mr. JIN Yuan as executive directors, Mr. CHYE Chia Chow, Mr. ZHOU Joe and Ms. WANG Lihong as non-executive directors, and Mr. LIU Jun, Mr. WANG Hengzhong and Mr. JIANG Hong as independent non-executive directors.

The directors of the Offeror jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by directors of the Group (other than the Executive Directors)) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the directors of the Company are Mr. ZHOU Ye, Ms. MU Haijie and Mr. JIN Yuan as executive directors, Mr. CHYE Chia Chow, Mr. ZHOU Joe and Ms. WANG Lihong as non-executive directors, and Mr. LIU Jun, Mr. WANG Hengzhong and Mr. JIANG Hong as independent non-executive directors.

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Offeror, the Executive Directors and the Offeror Concert Parties) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by directors of the Offeror) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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Huifu Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 10:15:02 UTC.