Most Kwai Chung : UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

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.

Most Kwai Chung Limited

毛記葵涌有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1716)

UNUSUAL PRICE AND TRADING VOLUME

MOVEMENTS

The announcement is made at the request of The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of Most Kwai Chung Limited (the "Company") has noted the recent increase in price and trading volume of the shares of the Company. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that it is not aware of any reasons for such price and volume increases or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

This announcement is made by the order of the Board. The Board collectively and individually accepts responsibility for the accuracy of this announcement.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By orderof theBoard

Most Kwai Chung Limited

IU Kar Ho

Chairman and executive director

Hong Kong, 28 April 2021

As at the date of this announcement, the Board comprises Mr. IU Kar Ho (Chairman), Mr.LUK Ka Chun and Mr. TSUI Ka Ho, being executive directors; and Mr. LEUNG Wai Man, Mr. HO Kwong Yu and Mr. LEUNG Ting Yuk, being independent non-executive directors.