Mexan : Corporate communications of Mexan Limited (the "Company")

(Incorporated in Bermuda with limited liability)

(Stock Code: 22)

31 July 2020

Dear Shareholder

Corporate communications of Mexan Limited (the "Company")

We are pleased to enclose the following corporate communications (the "Corporate Communications") of the Company for your attention:

• Annual Report for 2020;
• Circular dated 31 July 2020 for Proposals involving General Mandates to Repurchase Shares and to Issue New Shares of the Company, Re-election of Retiring Director, Adoption of New Bye-Laws, and Notice of Annual General Meeting (containing the Notice of Annual General Meeting ("AGM")) (the "Circular dated 31 July 2020"); and
• Proxy form for use at AGM.

Shareholders who have selected to receive either the English or the Chinese version of the Corporate Communications may request a copy in the other language by completing and returning the enclosed Request for Change Form to the branch registrar of the Company, Tricor Tengis Limited (the "Branch Registrar") at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, using the mailing label provided in the Request for Change Form. Furthermore, you are entitled at any time to change your choice of the means of receipt (either in printed form or via the Company Website) and/or language(s) (either English only or Chinese only or both languages) of Corporate Communications by notice in writing to the Branch Registrar at the above address or by sending an email to the Branch Registrar at [e-mail]. Such request can be sent to us by completing and returning the enclosed Request for Change Form to the Branch Registrar.

Shareholders should receive both English and Chinese versions of the Circular dated 31 July 2020 and Proxy form use at AGM since both languages are bound together into one document.

The Corporate Communications in both English and Chinese are available on the Company's website at www.mexanhk.com in an accessible format and have been submitted to The Stock Exchange of Hong Kong Limited (the "Exchange") for publication on the Exchange's website.

Should you have any queries relating to this letter, please contact Customer Service Hotline of the Branch Registrar at (852) 2980 1333 from 9:00 a.m. to 6:00 p.m., Monday to Friday (excluding Hong Kong public holidays).

Yours faithfully,

For and on behalf of

Mexan Limited

Lun Yiu Kay Edwin

Chairman

Encl.

• For identification purpose only