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.

(Incorporated in Hong Kong with limited liability)

(Stock code: 345)

ANNOUNCEMENT MADE PURSUANT TO

RULE 13.51B(2) OF THE LISTING RULES

This announcement is made by Vitasoy International Holdings Limited (the "Company") pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The Company has been notified by Mr. Winston Yau-lai LO ("Mr. Lo"), the Executive Chairman and Dr. David Kwok-po LI ("Dr. Li"), an Independent Non-executive Director of the Company, that on 17th September 2020, the Securities and Futures Commission ("SFC") issued a press release in connection with its enforcement action taken against The Bank of East Asia, Limited ("BEA") in respect of regulatory breaches related to the manner in which BEA held securities in two external custodian accounts (the "Press Release").

Although Mr. Lo is a non-executive director and Dr. Li is the executive Chairman of BEA at the time of the publication of the Press Release, they have confirmed to the Company that

they were not the subject of the SFC's enforcement action which, according to the Press

Release, only concerns BEA, nor did they have any involvement in the regulatory breaches to which the enforcement action relates.

Save as disclosed in this announcement, the Company is not aware of any information on the above matter which needs to be brought to the attention of shareholders of the Company.

By Order of the Board

Paggie Ah-hing TONG

Company Secretary

Hong Kong, 18th September 2020

As at the date of this announcement, Mr. Winston Yau-lai Lo, Mr. Roberto Guidetti and Mr. Eugene Lye are executive directors. Ms. Yvonne Mo-ling Lo, Mr. Peter Tak-shing Lo and Ms. May Lo are non-executive directors. Dr. the Hon. Sir David Kwok-po Li, Mr. Jan P. S. Erlund, Mr. Anthony John Liddell Nightingale, Mr. Paul Jeremy Brough and Dr. Roy Chi-ping Chung are independent non-executive directors.

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Vitasoy International Holdings Limited published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 08:34:05 UTC