Ourgame International : INSIDE INFORMATION - DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020

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OURGAME INTERNATIONAL HOLDINGS LIMITED 聯 眾 國 際 控 股 有 限 公 司*

(a company incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 6899)

INSIDE INFORMATION DELAY IN PUBLICATION OF

AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020

The announcement is made by Ourgame International Holdings Limited (the ''Company'') pursuant to Rule 13.09(2)(a) 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 under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

DELAY IN PUBLICATION OF THE ANNOUNCEMENT IN RELATION TO THE AUDITED 2020 ANNUAL RESULTS

Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish an announcement in relation to its preliminary results in respect of the financial year ended 31 December 2020 (the ''2020 Annual Results'') not later than three months after the end of the financial year of the Company, i.e. on or before 31 March 2021. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the audited 2020 Annual Results shall have been agreed with the auditor.

The board of directors (the ''Board'') of the Company wishes to announce that the publication of the announcement in relation to the audited 2020 Annual Results will be delayed as the audit process of Allied Esports Entertainment, Inc. (''AESE''), an indirect non-wholly owned subsidiary of the Company in the United States of America (the ''United States''), has been complicated by, amongst others, (i) the persisting COVID-19 pandemic in the United States; and (ii) the proposed disposal of the entire equity interests of Club Services, Inc., an indirect non-wholly owned subsidiary of AESE. As such, additional time is required for the auditor of AESE to prepare and finalise AESE's audited annual results for the year ended 31 December 2020, which in turn would be reviewed by the auditor of the Company in order to complete the audit work in respect of the audited 2020 Annual Results.

The Board acknowledges that any delay in publishing the announcement in relation to the audited 2020 Annual Results will constitute a non-compliance with Rule 13.49(1) of the Listing Rules. The Company has been and will continue to use its best endeavours to ensure that the announcement in relation to the audited 2020 Annual Results will be finalised, approved and published as soon as practicable.

Rule 13.49(3) of the Listing rules provides that where an issuer is unable to issue its preliminary results in accordance with Rules 13.49(1) and (2) of the Listing Rules, it must announce its results based on the financial results that have yet to be agreed with the auditor (so far as the information is available). The Board expects to make further announcement to publish the unaudited 2020 Annual Results on or before 31 March 2021 and the audited 2020 Annual Results on or before 30 April 2021.

By Order of the Board

Ourgame International Holdings Limited

Li Yangyang

Chairman and Executive Director

Beijing, 25 March 2021

As at the date of this announcement, the Board comprises Mr. Li Yangyang and Mr. Gao Hong as executive directors; Mr. Liu Jiang, Ms. Fu Qiang and Mr. Hu Wen as non-executive directors; and Professor Huang Yong, Mr. Ma Shaohua and Mr. Lu Jingsheng as independent non-executive directors.

*

For identification purpose only