Mexan : CHANGE OF VENUE OF ANNUAL GENERAL MEETING AND PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

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 representations 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 content of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 22)

CHANGE OF VENUE OF ANNUAL GENERAL MEETING

AND

PRECAUTIONARY MEASURES FOR

THE ANNUAL GENERAL MEETING

Reference is made to the Circular of Mexan Limited (the "Company") dated 31 July 2020 (the "Circular"), the notice of annual general meeting of the Company (the "AGM") dated 31 July 2020 (the "AGM Notice") and the form of proxy of the Company for AGM (the "Proxy Form") dispatched to the Shareholders on 31 July 2020 relating to, among others, the forthcoming AGM. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the AGM Notice and the Circular.

CHANGE OF VENUE OF AGM

As disclosed in the AGM Notice, the Circular and the Proxy Form for AGM, the forthcoming AGM was initially scheduled to be held on 4 September 2020 at 11:00 a.m. at Function Rooms I & II, Rambler Club, Level 6, Rambler Crest, No. 1 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong. The board of directors of the Company (the "Board") announces that the venue of the forthcoming AGM has been changed to Rambler Café (Also known as Winland 800 Café), 5/F, Winland 800 Hotel, Hotel 2, Rambler Crest, No. 1 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong. The date and time of the forthcoming AGM remains unchanged.

• For identification purposes only

1

Save for the change of venue, the information set out in the Circular, the AGM Notice and the Proxy Form shall remain unchanged.

The Company will closely monitor the situation and reserves the right to take further precautionary measures and will issue further announcement(s) in relation to the AGM when appropriate.

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

Taking into account of the recent development of the COVID-19, please take note that the Company will implement the following precautionary measures at the AGM to safeguard the health and safety of the Shareholders:

1. compulsory body temperature check will be conducted for every attendee before entering the venue of the AGM, and any attendee with a body temperature higher than 37.5 degree Celsius may be denied entry into the AGM venue;
2. every attendee will be required to wear a surgical face mask throughout the AGM. Please note that no masks will be provided at the AGM venue and attendees should wear their own masks; and
3. no refreshments, drinks or corporate gift will be served or distributed to attendees at the AGM venue.

2

Furthermore, the Company wishes to strongly advise the shareholders, particularly those who are unwell or subject to quarantine in relation to COVID-19, that they may appoint any person or the chairman of the AGM as a proxy to vote on the resolutions, instead of attending the AGM in person.

By Order of the Board

MEXAN LIMITED

Lun Yiu Kay Edwin

Chairman

Hong Kong 19 August 2020

As at the date of this announcement, the Executive Directors are Lun Yiu Kay Edwin (Chairman), and Mr. Ng Tze Ho Joseph and the Independent Non-Executive Directors are Dr. Tse Kwing Chuen, Mr. Ng Hung Sui Kenneth and Mr. Lau Shu Kan.

3