Sino Hua An International : (i)Deed Of Revocation; And (ii)Share Purchase Agreement For The Proposed Acquisition Of 10,000 Ordinary Shares Representing 50% Of The Total Issued And Paid Up Share Capital In Hk Aerospace Beidou New Energy Industry Technology Co Ltd (Hk Aerospace)

We refer to HUAAN's announcement dated 6 October 2020 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

1) To elaborate/clarify further on the reasons for the revocation and rescind of the SPA dated 7 August 2020 and the reasons for only acquiring 50% under the new SPA.

2) A summary of the 'changes to the key terms of the transaction'.

3) To elaborate on 'the New SPA is envisaged to provide equity incentive to the Existing Vendors'.

4) Whether HK Aerospace has Board representative in Guangxi Aerospace Beidou New Energy Industry Technology Co Ltd.

5) The basis of arriving at the total purchase consideration of USD11.25 million.

6) The justifications for the total purchase consideration of USD11.25 million.

7) To elaborate/clarify on the contingent liabilities to be assumed by HUAAN pursuant to the New SPA.

8) The effect on earnings per share for the financial year ending 31 December 2021.

9) Whether the proposed acquisition of HK Aerospace will trigger diversification in operations pursuant to Paragraph 10.13 of the Main Market Listing Requirements.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

cc : Market Surveillance Dept., Securities Commission (via fax)