Qinqin Foodstuffs Cayman : JOINT ANNOUNCEMENT DELAY IN DESPATCH OF THE COMPOSITE DOCUMENT IN RELATION TO THE VOLUNTARY CONDITIONAL CASH OFFER BY DELOITTE & TOUCHE CORPORATE FINANCE LIMITED FOR AND ON BEHALF OF SURE WONDER LIMITED TO ACQUIRE ALL THE ISSUED SHARES OF QINQIN FOODSTUFFS GROUP (CAYMAN) COMPANY LIMITED (OTHER THAN THOSE ALREADY OWNED AND/OR AGREED TO BE ACQUIRED BY SURE WONDER LIMITED AND/OR PARTIES ACTING IN CONCERT WITH IT)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company nor shall there be any sale, purchase or subscription for securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful absent the filing of a registration statement or the availability of an applicable exemption from registration or other waiver. This joint announcement is not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

Sure Wonder Limited	Qinqin Foodstuffs Group (Cayman) Company Limited
(Incorporated in the British Virgin	親親食品集團（開曼）股份有限公司
Islands with limited liability)	(Incorporated in the Cayman Islands with limited liability)
	(Stock Code: 1583)

JOINT ANNOUNCEMENT

DELAY IN DESPATCH OF THE COMPOSITE DOCUMENT IN RELATION TO

THE VOLUNTARY CONDITIONAL CASH OFFER BY

DELOITTE & TOUCHE CORPORATE FINANCE LIMITED

FOR AND ON BEHALF OF

SURE WONDER LIMITED

TO ACQUIRE ALL THE ISSUED SHARES OF

QINQIN FOODSTUFFS GROUP (CAYMAN) COMPANY LIMITED

(OTHER THAN THOSE ALREADY OWNED

AND/OR AGREED TO BE ACQUIRED

BY SURE WONDER LIMITED AND/OR PARTIES ACTING

IN CONCERT WITH IT)

	Independent Financial Adviser
Financial Adviser to the Offeror	to the Independent Board Committee

Deloitte & Touche Corporate Finance Limited

Opus Capital Limited

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Reference is made to (i) the joint announcement of the Company and the Offeror dated 8 April 2021 (the "Joint Announcement") in relation to, among others, the Share Offer. Unless otherwise defined, capitalised terms used in this joint announcement shall have the same meanings as those defined in the Joint Announcement.

EXTENSION OF TIME FOR DESPATCH OF THE COMPOSITE DOCUMENT

As stated in the Joint Announcement, it is the intention of the Offeror and the Company to combine the offer document from the Offeror and the offeree board circular from the Company into a Composite Document.

Pursuant to Rule 8.2 of the Takeovers Code, the Composite Document containing, among others, the terms and details of the Share Offer, should normally be despatched within 21 days from the date of the Joint Announcement (i.e. on or before 29 April 2021) or such later date as may be permitted by the Takeovers Code and approved by the Executive.

As additional time is required to finalise certain information to be included in the Composite Document including the letter from the independent financial adviser and the valuation report, an application has been made to the Executive pursuant to Rule 8.2 of the Takeovers Code for its consent to extend the deadline for the despatch of the Composite Document to a date falling on or before 21 May 2021 and the Executive has granted such consent.

Further announcement(s) will be jointly made by the Offeror and the Company as and when appropriate in compliance with the Takeovers Code when the Composite Document is despatched.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company. If Shareholders and potential investors of the Company are in any doubt about their position, they should consult their professional advisers.

By Order of the board of directors of	By Order of the Board of
Sure Wonder Limited	Qinqin Foodstuffs Group (Cayman) Company Limited
Hui Ching Lau	Wong Wai Leung
Sole Director	Executive Director, Chief Financial Officer
	and Company Secretary
Hong Kong, 29 April 2021

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As of the date of this joint announcement, the Board comprises 12 Directors, of which three are executive Directors, namely Mr. Hui Ching Lau (Chairman), Mr. Wong Wai Leung (Chief Financial Officer and Company Secretary) and Mr. Wu Wenxu; five are non-executive Directors, namely Mr. Hui Lin Chit, Mr. Sze Man Bok, Mr. Wu Huolu, Mr. Wu Sichuan and Mr. Wu Yinhang; and four are independent non-executive Directors, namely Mr. Cai Meng, Mr. Chan Yiu Fai Youdey, Mr. Ng Swee Leng and Mr. Paul Marin Theil.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Offeror), and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the sole director of the Offeror) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statements in this joint announcement misleading.

As of the date of this joint announcement, Mr. Hui Ching Lau is the sole director of the Offeror.

The sole director of the Offeror accepts full responsibility for the accuracy of information contained in this joint announcement (other than the information relating to the Group) and confirm, having made all reasonable inquiries, that to the best of his knowledge, opinions expressed in this joint announcement have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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