Huobi Technology : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISCLOSEABLE AND CONTINUING CONNECTED TRANSACTION

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HUOBI TECHNOLOGY HOLDINGS LIMITED

火幣科技控股有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock code: 1611)

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

DISCLOSEABLE AND CONTINUING CONNECTED TRANSACTION

Reference is made to the announcement ("Announcement") of the Company dated 11 March 2021 in relation to the discloseable and continuing connected transaction in respect of the Second Supplemental Agreement. Capitalised terms used herein shall have the same meanings as defined in the Announcement unless the context requires otherwise.

As disclosed in the Announcement, a circular (the "Circular") containing, amongst other things,

1. further details of the Second Supplemental Agreement; (ii) a letter of recommendation from the Independent Board Committee; (iii) a letter of advice from Gram Capital to both the Independent Board Committee and the Independent Shareholders; and (iv) the notice of the EGM, is expected to be despatched to the Shareholders on or before 1 April 2021.

As additional time is required to finalise certain information in the Circular, the Circular is expected to be despatched to the Shareholders on or before 13 April 2021.

By order of the Board

HUOBI TECHNOLOGY HOLDINGS LIMITED

Lan Jianzhong

Executive Director

Hong Kong, 1 April 2021

As at the date of this announcement, the Board comprises (1) Mr. Li Lin and Mr. Lan Jianzhong as executive Directors; and (2) Mr. Duan Xiongfei, Mr. Yip Wai Ming and Mr. Ngai Matthew Cheuk Yin as independent non-executive Directors.