Sinic : VOLUNTARY ANNOUNCEMENT REDEMPTION AT MATURITY OF 11.75% SENIOR NOTES DUE 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") 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 does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

Sinic Holdings (Group) Company Limited

(Incorporated in the Cayman Islands with limited liability)

(the "Company", Stock Code: 2103)

VOLUNTARY ANNOUNCEMENT

REDEMPTION AT MATURITY OF 11.75% SENIOR NOTES DUE 2021

Reference is made to the announcements of the Company 5 March 2020 and 13 March 2020 in relation to the issuance of 11.75% senior notes due 2021 (the "Notes").

The Notes matured on 10 March 2021 (the "Maturity Date"). Pursuant to the terms and conditions of the Notes, the Company has redeemed the Notes in full at their outstanding principal amount of US$160,645,000 together with interest accrued to the Maturity Date, with a total redemption amount of the Notes of US$170,029,880.90 paid by the Company at maturity. The Company considers thatthere will be no material impact on its financial position as a result of the redemption of the Notes at maturity. The Notes will be cancelled and delisted from Singapore Exchange Securities Trading Limited.

By Order of the Board

Sinic Holdings (Group) Company Limited

ZHANG Yuanlin

Chairman

Hong Kong, 10 March 2021

As at the date of this announcement, the Board of the Company comprises Mr. ZHANG Yuanlin and Ms. TU Jing as executive Directors, and Mr. TAM Chi Choi, Mr. AU YEUNG Po Fung and Mr. LIU Xin as independent non-executive Directors.