Rich Goldman : EXTENSION LETTER TO THE UNDERWRITING AGREEMENT AND REVISED EXPECTED TIMETABLE FOR PROPOSED OPEN OFFER ON THE BASIS OF NINE (9) OPEN OFFER SHARES FOR EVERY FIVE (5) EXISTING SHARES HELD ON THE RECORD DATE AND CLOSURE OF REGISTER OF MEMBERS

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of Rich Goldman Holdings Limited.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00070)

EXTENSION LETTER TO THE UNDERWRITING AGREEMENT

AND

REVISED EXPECTED TIMETABLE

FOR PROPOSED OPEN OFFER ON THE BASIS OF

NINE (9) OPEN OFFER SHARES

FOR EVERY FIVE (5) EXISTING SHARES

HELD ON THE RECORD DATE

AND

CLOSURE OF REGISTER OF MEMBERS

References are made to the announcements issued by Rich Goldman Holdings Limited (the "Company") dated 18 October 2019 in relation to, among other things, the Open Offer and the Whitewash Waiver (the "Announcement") and dated 8 November 2019 in relation to the delay in despatch of the Circular (the "Delay Announcement"). Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

- 1 -

EXTENSION LETTER TO THE UNDERWRITING AGREEMENT

On 29 November 2019, the Company and the Underwriter entered into an extension letter to the Underwriting Agreement to extend (i) the Latest Time for Application from 4:00 p.m. on 2 January 2020 to 4:00 p.m. on 20 January 2020 or such other date and/or time as the Company and Underwriter may agree in writing as the latest time for application and payment for the Open Offer Shares; (ii) the Posting Date from 16 December 2019 to 6 January 2020 or such other date as the Underwriter may agree in writing with the Company as the date of despatch of the Prospectus Documents; and (iii) the Record Date from 13 December 2019 to 3 January 2020 or such other date as the Underwriter may agree in writing with the Company as the date of reference to which the entitlements to the Open Offer are expected to be determined. Save as aforesaid, all material terms and conditions of the Underwriting Agreement shall remain in full force and effect.

REVISED EXPECTED TIMETABLE

As stated in the Delay Announcement, as additional time is required to finalize the content of the Circular, the deadline for despatch of the Circular has been postponed to a date on or before

2 December 2019. The revised expected timetable is set out below:

Events

Date and time

Despatch date of the Circular, proxy form

  and notice of the EGM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Monday, 2 December 2019

Latest time for registration of Shares to qualify

  for attendance and voting at the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 13 December 2019

Closure of register of members of the Company   to determine the qualification for attendance

  and voting at the EGM. . . . . . . . . . . . . . . . . . . . . . . . . . . From Monday, 16 December 2019 to Thursday, 19 December 2019 (both dates inclusive)

Latest time for lodging proxy forms for the EGM . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Tuesday, 17 December 2019

Record date for attending and voting at the EGM . . . . . . . . . . . . Thursday, 19 December 2019

Time and date of the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Thursday, 19 December 2019

- 2 -

Events

Date and time

Announcement of poll results of the EGM. . . . . . . . . . . . . . . . . . Thursday, 19 December 2019

Re-opening of the register of members of the Company . . . . . . . . . Friday, 20 December 2019

Last day of dealings in the Shares

  on a cum-entitlements basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 20 December 2019

First day of dealings in the Shares

  on an ex-entitlements basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 23 December 2019

Latest time for lodging transfers of the Shares in order

  for the transferees to qualify for the Open Offer . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 27 December 2019

Closure of register of members to determine

  the entitlements to the Open Offer . . . . . . . . . . . . . . . . . . From Monday, 30 December 2019 to Friday, 3 January 2020 (both dates inclusive)

Record Date for the Open Offer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 3 January 2020

Re-opening of the register of members of the Company . . . . . . . . . . Monday, 6 January 2020

Despatch of Prospectus Documents

  (in the case of the Non-Qualifying Shareholders,

  the Prospectus only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 6 January 2020

Latest Time for Application and payment

  for the Open Offer Shares . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Monday, 20 January 2020

Announcement of the number of the   Unsubscribed Shares subject to the

  Unsubscribed Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 21 January 2020

Commencement of placing of the Unsubscribed Shares

  by the Placing Agent, on best effort basis . . . . . . . . . . . . . . . . Wednesday, 22 January 2020

Placing End Date for placing the Unsubscribed Shares . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Thursday, 23 January 2020

- 3 -

Events

Date and time

Latest time for termination of the

  Underwriting Agreement by the Underwriter . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 29 January 2020

Open Offer Settlement Date and the

  Open Offer becomes unconditional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 29 January 2020

Announcement of the results of the Open Offer   (including the results of placing of

  the Unsubscribed Shares) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 29 January 2020

Despatch of certificates for the fully-paid

  Open Offer Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Thursday, 30 January 2020

Despatch of refund cheques if the Open Offer is terminated . . . . . .Thursday, 30 January 2020

First day of dealings in the fully-paid Open Offer Shares . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Friday, 31 January 2020

All times and dates in this announcement refer to Hong Kong local times and dates. Dates or times specified in the expected timetable above are indicative only and may be extended or varied. Any changes to the expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.

CLOSURE OF REGISTER OF MEMBERS

Shareholders should note that as a result of the change in the expected timetable:

1. the register of members of the Company will be closed from Monday, 16 December 2019 to Thursday, 19 December 2019 (both dates inclusive) for determining the identity of the Shareholders entitled to attend and vote at the EGM;
2. the latest time for lodging transfer of the Shares in order to qualify for attending and voting at the EGM will be 4:30 p.m. on Friday, 13 December 2019;
3. the register of members of the Company will be closed from Monday, 30 December 2019 to Friday, 3 January 2020 (both dates inclusive)for determining entitlements to the Open Offer; and
4. the latest time for lodging transfer of the Shares in order to qualify for the Open Offer will be 4:30 p.m. on Friday, 27 December 2019.

- 4 -

No transfer of Shares will be registered during the above book closure periods.

By order of the Board

Rich Goldman Holdings Limited

Lin Chuen Chow Andy

Chairman

Hong Kong, 29 November 2019

As at the date of this announcement the Board comprises, Mr. Lin Chuen Chow Andy (Chairman) and Miss So Wai Yin as executive directors; Mr. Nicholas J. Niglio as the non-executive director; and Mr. Cheung Yat Hung, Alton, Mr. Yue Fu Wing and Miss Yeung Hoi Ching as the independent non-executive directors.

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

- 5 -