Jiujiuwang Food International : END OF STABILISATION PERIOD, STABILISING ACTIONS, AND LAPSE OF THE OVER-ALLOTMENT OPTION

Unless the context requires otherwise, the capitalised terms used in this announcement shall have the same meanings as defined in the prospectus dated 26 February 2021 (the ''Prospectus'') issued by Jiujiuwang Food International Limited (the ''Company'').

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ''Stock Exchange''), and Hong Kong Securities Clearing Company Limited (''HKSCC'') 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.

This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any persons to acquire, purchase or subscribe for any Shares or other securities of the Company.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories its possessions and all areas subject to its jurisdiction). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdictions. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the ''U.S. Securities Act''). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States. The Offer Shares are being offered and sold outside of the United States as offshore transactions in accordance with Regulation S under the U.S. Securities Act.

Jiujiuwang Food International Limited

久 久 王 食 品 國 際 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1927)

END OF STABILISATION PERIOD, STABILISING ACTIONS,

AND LAPSE OF THE OVER-ALLOTMENT OPTION

This announcement is made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

END OF STABILISATION PERIOD

The Directors announce that the stabilisation period in connection with the Global Offering ended on Sunday, 4 April 2021, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering.

NO STABILISING ACTION AND LAPSE OF OVER-ALLOTMENT OPTION

The Joint Global Coordinators have confirmed to the Company that there was no over- allocation in the International Offering. Therefore, the Joint Global Coordinators (for themselves and on behalf of the other International Underwriters) did not exercise the Over-

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allotment Option, nor were they engaged in any stabilising action in relation to the Global Offering during the stabilisation period. The Over-allotment Option was not exercised and lapsed on Sunday, 4 April 2021, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering. Accordingly, no Share was or will be issued under the Over-allotment Option.

PUBLIC FLOAT

The Directors confirm that the Company is in full compliance with the public float requirement under Rule 8.08(1)(a) of the Listing Rules whereby at least 25% of the total number of Shares in issue are held by members of the public.

By Order of the Board

Jiujiuwang Food International Limited

Zheng Zhenzhong

Chairman and executive Director

Fujian, PRC, 14 April 2021

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Zheng Zhenzhong, Mr. Zheng Guosi and Mr. Chen Kan as executive Directors, and Mr. Wang Linan, Mr. Wu Shiming and Mr. Chen Congming as independent non-executive Directors.

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