Suncity : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISPOSAL OF ACCESS ACHIEVEMENT LIMITED

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.

SUNCITY GROUP HOLDINGS LIMITED ˄ජ۬ණྠછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1383)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

DISPOSAL OF ACCESS ACHIEVEMENT LIMITED

Reference is made to the announcement of Suncity Group Holdings Limited dated 21 February 2021 (the "Announcement") in relation to, among others, the disposal of Access Achievement Limited. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As set out in the Announcement, a circular containing, among other things, (i) further information on the Sale and Purchase Agreement, the Disposal and the transactions contemplated thereunder; (ii) a valuation report on the Properties; (iii) other information as required to be disclosed under the Listing Rules; and (iv) a notice of the EGM and a form of proxy, is expected to be despatched by the Company to the Shareholders on or before 26 March 2021.

As additional time is required for finalising certain information to be included in the circular, the expected date of despatch of the circular will be postponed to a date falling on or before 16 April 2021.

By order of the Board

Suncity Group Holdings Limited

Chau Cheok Wa

Chairman

Hong Kong, 26 March 2021

As at the date of this announcement, the executive Directors are Mr. Chau Cheok Wa, Mr. Lo Kai Bong, Mr. Au Chung On John and Mr. Manuel Assis Da Silva; and the independent non-executive Directors are Mr. Tou Kin Chuen, Dr. Wu Kam Fun Roderick and Mr. Lo Wai Tung John.