Macrolink Capital : ANNOUNCEMENT - DISCLOSURE UNDER RULES 13.51B(2) AND 13.51(2) (s) OF THE LISTING RULES

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MACROLINK CAPITAL HOLDINGS LIMITED

新華聯資本有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 758)

ANNOUNCEMENT - DISCLOSURE UNDER RULES 13.51B(2)

AND 13.51(2)(s) OF THE LISTING RULES

This announcement is made by Macrolink Capital Holdings Limited (the "Company") pursuant to Rules 13.51B(2) and 13.51(2)(s) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The Company announces that it has been brought to the attention that the Hong Kong Institute of Certified Public Accountants (the "Institute") has taken regulatory action against and reprimanded Mr. Lam Man Sum, Albert ("Mr. Lam"), an independent non-executive director and the chairman of the audit committee of the Company, for his non-compliance to observe, maintain or otherwise apply the professional standards issued by the Institute in conducting an account reporting engagement of a solicitors' firm which relates to the lack of procedures for accepting and planning the engagement and agreeing to the terms of the engagement in the form of an engagement letter, and involved lack of tests or procedures to check if the requirements under the Solicitors' Account Rules had been complied with.

Given the non-compliance is a procedural matter only and does not relate to any listed companies in Hong Kong, the board of directors of the Company (the "Board") considers that the non-compliance will not affect Mr. Lam's ability to continue to discharge his duties as an independent non-executive director and the chairman of the Company's audit committee.

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So far as the Board is aware, there is no other information concerning the circumstances above that needs to be brought to the attention of the shareholders of the Company.

By Order of the Board

Macrolink Capital Holdings Limited

Fu Kwan

Chairman

Hong Kong, 10 May 2021

As at the date of this announcement, the executive directors are Mr. Fu Kwan (Chairman), Mr. Zhang Jian, Mr. Zhang Bishu, Ms. Liu Jing, Mr. Chan Yeuk and Mr. Zhou Jianren; and the independent non-executive directors are Mr. Lam Man Sum, Albert, Mr. Cao Kuangyu and Mr. Cheung Ka Wai.

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