Hygieia : Resumption guidance

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.

RESUMPTION GUIDANCE

This announcement is made by Hygieia Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules (the "Listing 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).

References are made to the announcements (the "Announcements") of the Company dated 18 and 31 March 2021, and 9 and 20 April 2021 in relation to, among others, the suspension of trading of shares (the "Shares") of the Company with effect from 9:00 a.m. on 1 April 2021, matters that the previous auditor of the Company considers as significant outstanding matters for the audit for the year ended 31 December 2020 (the "Audit Issues") and the change of the Company's auditor. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

RESUMPTION GUIDANCE

On 22 April 2021, the Company received a letter from the Stock Exchange setting out the following guidance (the "Resumption Guidance") for the resumption of trading in the Shares to:

1. conduct an appropriate independent investigation into the Audit Issues, assess the impact on the Company's business operation and financial position, announce the findings and take appropriate remedial actions;
2. publish all outstanding financial results required under the Listing Rules and address any audit modifications;
3. demonstrate the Company's compliance with Rule 13.24 of the Listing Rules; and

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1. inform the market of all material information for the Company's shareholders and investors to appraise the Company's position.

The Stock Exchange may modify or supplement the Resumption Guidance if the Company's situation changes.

Under Rule 6.01A (1) of the Listing Rules, the Stock Exchange may cancel the listing of any securities that have been suspended from trading for a continuous period of 18 months. In the case of the Company, the 18-month period will expire on 30 September 2022. If the Company fails to remedy the issues causing its trading suspension, fulfil the resumption guidance and fully comply with the Listing Rules to the Stock Exchange's satisfaction and resume trading in the Shares by 30 September 2022, the Listing Division will recommend the Listing Committee to proceed with the cancellation of the Company's listing. Under Rules 6.01 and 6.10 of the Listing Rules, the Stock Exchange also has the right to impose a shorter specific remedial period, where appropriate.

The Company is actively supporting and cooperating with its auditor to conduct their work with a view to publish the 2020 Audited Annual Results as soon as possible. The Company will make its best efforts to fulfill the Resumption Guidance, fully comply with the Listing Rules to the Stock Exchange's satisfaction and will seek to resume trading in it shares as soon as possible.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. on 1 April 2021 pending the publication of the announcement in relation to the 2020 Audited Annual Results by the Company and will remain suspended until the Company fulfills the Resumption Guidance.

The Company will publish further announcement(s) to inform the shareholders of the Company of its progress in complying with the Resumption Guidance, any significant developments in respect of the publication of the 2020 Audited Annual Results and the expected dates for the publication of the 2020 Audited Annual Results as and when appropriate, as well as quarterly updates on its development pursuant to Rule 13.24A of the Listing Rules.

By order of the Board

Hygieia Group Limited

Toh Eng Kui

Chairman

Singapore, 22 April 2021

As at the date of this announcement, the executive Directors are Mr. Toh Eng Kui, Mr. Hong Rui Sheng and Mr. Peh Poon Chew; and the independent non-executive Directors are Mr. Koh How Thim, Mr. Tan Wu Hao and Mr. Wong Yuk.

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