Overseas Chinese Town Asia : MAJOR TRANSACTION DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO SUPPLEMENTAL AGREEMENT TO SUBSCRIPTION OF 49% INTEREST IN THE CAYMAN FUND

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Overseas Chinese Town (Asia) Holdings Limited

華僑城（亞洲）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03366)

MAJOR TRANSACTION

DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO

SUPPLEMENTAL AGREEMENT TO

SUBSCRIPTION OF 49% INTEREST IN THE CAYMAN FUND

Reference is made to the announcement of Overseas Chinese Town (Asia) Holdings Limited (the "Company") dated 9 April 2021 in relation to the major transaction of the Company relating to the Supplemental Agreement to the subscription of 49% interest in the Cayman Fund (the "Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

As set out in the Announcement, a circular (the "Circular") containing further details of the Supplemental Agreement and such other information as required under the Listing Rules will be despatched to the Shareholders on or before 3 May 2021. As additional time is required for the Company to finalise certain information to be disclosed in the Circular, in particular, the working capital sufficiency statement, the Company will despatch the Circular on or before 26 May 2021.

Pursuant to Rule 14.41(a) of the Listing Rules, as the Supplemental Agreement are approved by way of a written shareholder's approval in lieu of a resolution to be passed at a general meeting of the Company pursuant to Rule 14.44 of the Listing Rules, the Circular shall be despatched to the Shareholders within 15 business days after the publication of the Announcement. The Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules.

By the order of the Board

Overseas Chinese Town (Asia) Holdings Limited

Zhang Dafan

Chairman

Hong Kong, 3 May 2021

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As at the date of this announcement, the Board comprises seven Directors, namely: Mr. Zhang Dafan, Ms. Xie Mei and Mr. Lin Kaihua as executive Directors; Mr. Wang Wenjin as non-executive Director; and Ms. Wong Wai Ling, Mr. Lam Sing Kwong Simon and Mr. Chu Wing Yiu as independent non-executive Directors.

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