Wai Chun : (I) EXTENSION OF LONG STOP DATE IN RELATION TO SUBSCRIPTION AGREEMENTS; AND (II) DESPATCH OF CIRCULAR

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.

偉 俊 集 團 控 股 有 限 公 司*

Wai Chun Group Holdings Limited

(Incorporated in Bermuda with limited liability)

(Stock code: 1013)

1. EXTENSION OF LONG STOP DATE IN RELATION TO SUBSCRIPTION AGREEMENTS; AND
2. 1. DESPATCH OF CIRCULAR

Reference is made to the announcements of Wai Chun Group Holdings Limited (the "Company") dated 21 May 2020, 11 June 2020 and 30 June 2020 (the "Announcements") in relation to, amongst other things, the entering into of the Subscription Agreements and proposed issue of the Convertible Bonds which constitutes a discloseable transaction of the Company under the Listing Rules. Capitalised terms used herein shall have the same meaning as those defined in the Announcements unless stated otherwise.

EXTENSION OF LONG STOP DATE IN RELATION TO SUBSCRIPTION AGREEMENTS

Pursuant to the terms of the Subscription Agreements, completion of the Subscription Agreements is conditional upon and subject to all the conditions precedent being fulfilled or waived on or before the Long Stop Date, i.e. 31 July 2020. As additional time is required for the contracting parties to procure the fulfillment of the conditions precedent, each of the Subscribers entered into a supplemental agreement with the Company on 29 July 2020 to extend the Long Stop Date to 31 August 2020 (or such later date as may be agreed by the Company and the Subscribers). Save as disclosed in this announcement, all other terms and conditions of the Subscription Agreements shall remain unchanged.

DESPATCH OF CIRCULAR

The Board is pleased to announce that the Circular containing, among other things, details of the Subscription Agreements and the transactions contemplated thereunder and a notice of the special general meeting and a form of proxy, have been despatched to the Shareholders on 29 July 2020.

The special general meeting will be held at 13/F., Admiralty Centre 2, 18 Harcourt Road, Admiralty, Hong Kong on Tuesday, 18 August 2020 at 10:30 a.m., details of which are set out in the notice of special general meeting contained in the Circular.

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Completion is subject to the fulfilment of the conditions set out in the Subscription Agreements. As the Subscription may or may not proceed, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares and other securities of the Company.

By order of the Board

Wai Chun Group Holdings Limited

LAM Ching Kui

Chairman and Chief Executive Officer

Hong Kong, 29 July 2020

As at the date of this announcement, the Board consists of one executive Director, namely Mr. Lam Ching Kui (Chairman and Chief Executive Officer) and three independent non-executive Directors, namely Mr. Ko Ming Tung, Edward, Mr. Chan Chun Wai, Tony and Ms. Chen Dairong.

* for identification purpose only

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