SITC International : CLARIFICATION ANNOUNCEMENT

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.

SITC International Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1308)

CLARIFICATION ANNOUNCEMENT

References are made to (i) the circular containing proposals for general mandates to issue new shares and buy back shares, re-election of retiring directors and notice of annual general meeting dated 22 March 2021 (the "AGM Circular"); (ii) the notice of annual general meeting dated 22 March 2021 (the "Notice of AGM"); and (iii) the form of proxy for the annual general meeting (the "Proxy Form") of SITC International Holdings Company Limited (the "Company").

As stated in the AGM Circular, Notice of AGM and Proxy Form, in order to be valid, the Proxy Form together with the power of attorney or other authority, if any, under which it is signed or a certified copy of that power of attorney or authority, must be deposited at the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong not less than 48 hours before the time appointed for the forthcoming annual general meeting to be held at 9:30 a.m. on Monday, 26 April 2021 or the adjourned meeting (as the case may be) (the "AGM").

The board of directors (the "Board") of the Company wishes to clarify the Proxy Form together with the power of attorney or other authority, if any, must be deposited at the Company's branch share registrar and transfer office in Hong Kong on not later than 9:30 a.m. on Saturday, 24 April 2021 (Hong Kong Time), instead of 9:30 a.m. on Thursday, 22 April 2021 (Hong Kong Time).

Further, the Company noted an inadvertent clerical error in the Chinese version of the Proxy Form and would like to clarify that the ordinary resolution numbered 3 therein should read as follows (with the correction underlined for easy reference):

"(3) 重選楊現祥先生為執行董事。"

The corresponding content in the English version of the Proxy Form is accurate.

Save for the above, all other information set out in the AGM Circular, Notice of AGM and Proxy Form remains unchanged. This clarification announcement is supplemental to and should be read in conjunction with the AGM Circular, Notice of AGM and Proxy Form. The Proxy Form which has been despatched on 22 March 2021 for the purpose of the AGM will remain valid.

By Order of the Board

SITC International Holdings Company Limited

Yang Shaopeng

Chairman

Hong Kong, 25 March 2021

As at the date of this announcement, the executive Directors are Mr. Yang Shaopeng, Mr. Yang Xianxiang, Mr. Liu Kecheng, Mr. Xue Mingyuan and Mr. Lai Zhiyong; the non-executive Director is Ms. Yang Xin; and the independent non-executive Directors are Dr. Liu Ka Ying, Rebecca, Mr. Tse Siu Ngan and Dr. Hu Mantian (Mandy).