Ming Lam : (1) UPDATE ON PROGRESS OF RESUMPTION AND BUSINESS OPERATIONS; AND (2) CONTINUED SUSPENSION OF TRADING

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.

MING LAM HOLDINGS LIMITED

銘霖控股有限公司

(formerly known as Sino Haijing Holdings Limited中國海景控股有限公司)

(In Liquidation)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01106)

(1)UPDATE ON PROGRESS OF RESUMPTION AND

BUSINESS OPERATIONS; AND

(2)CONTINUED SUSPENSION OF TRADING

This announcement is made by Ming Lam Holdings Limited (In Liquidation) (the "Company") pursuant to Rules 13.09 and 13.24 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 29 July 2020,29 October 2020 and 6 January 2021 (collectively, the "Announcements"). Capitalised terms used in this announcement shall have the same meanings as defined in the Announcements unless the context otherwise requires.

RESUMPTION GUIDANCE

With reference to the Announcements, the Company has been notified by The Stock Exchange of Hong Kong Limited of the following resumption guidance:

1. Publish all outstanding financial results required under the Listing Rules and address any audit modifications;
2. Have the winding-up petition (or winding up order, if made) against the Company withdrawn or dismissed;
3. Inform the market of all material information for the Company's shareholders and investors to appraise its position; and
4. Demonstrate its compliance with Rule 13.24 of the Listing Rules.

The Stock Exchange of Hong Kong Limited indicated that it may modify the resumption guidance that have been given and/or give further guidance if the situation changes.

WINDING UP ORDER AGAINST THE COMPANY

On 31 August 2020, the Company was ordered to be wound up by the High Court of Hong Kong Special Administrative Region in HCCW 109/2020 and the Official Receiver was appointed as the Provisional Liquidator of the Company.

APPOINTMENT OF LIQUIDATORS

On 3 September 2020, the High Court of Hong Kong Special Administrative Region ordered that Ms. Koo Chi Sum and Mr. Chan King Wai Leonard both of Ernst and Young Transactions Limited be appointed as the Joint and Several Liquidators of the Company (the "Liquidators").

The Liquidators are in the process of obtaining and collating the Company's information and documents from various parties in order to better understand the Company's affairs. The Company shall make further announcement if there are any major developments, including but not limited to the latest development on the progress of the Company's efforts to fulfil the resumption conditions and the development of its principal businesses.

CONTINUED SUSPENSION OF TRADING

Trading on The Stock Exchange of Hong Kong Limited in the shares of the Company, which was suspended with effect from 9:00 a.m. on 1 April 2020, remains suspended and will continue to be so until further notice.

The Company will keep the public informed by making further announcement as appropriate.

For and on behalf of

MING LAM HOLDINGS LIMITED

(In Liquidation)

Koo Chi Sum

Chan King Wai Leonard

Joint and Several Liquidators

who act without personal liabilities

Hong Kong, 31 March 2021

On the basis of the information available to the Company, the Board comprises of Ms. Li Zhenzhen, Mr. Wang Xin and Mr. Wei Liyi as executive Directors; Mr. Wong Ka Fai, Paul as independent non- executive Director.