Youyuan International : DECISION OF THE LISTING COMMITTEE ON CANCELLATION OF LISTING

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.

YOUYUAN INTERNATIONAL HOLDINGS LIMITED

(IN LIQUIDATION)

優源國際控股有限公司

( 清盤中)

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2268)

DECISION OF THE LISTING COMMITTEE ON

CANCELLATION OF LISTING

This announcement is made by Youyuan International Holdings Limited (In Liquidation) ("Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 20 September 2019, 9 October 2019, 24 October 2019, 30 October 2019, 18 November 2019, 18 February 2020, 18 May 2020, 15 July 2020, 18 August 2020, 18 November 2020, 30 December 2020 and 24 February 2021 ("Announcements"). Capitalised terms herein shall bear the same meanings as defined in the Announcements, unless stated otherwise.

DELISTING DECISION

On 5 March 2021, the Stock Exchange issued a letter and informed the Company that on 4 March 2021, the Listing Committee decided to cancel the Company's listing under Rule 6.01A of the Listing Rules ("Delisting Decision").

The Stock Exchange also confirms that unless the Company applies for a review of the Delisting Decision in accordance with its rights under Chapter 2B of the Listing Rules, the last day of listing of the Company's shares will be on 19 March 2021 and the listing of its shares will be cancelled with effect from 9:00 a.m. on 22 March 2021.

Given the Liquidators have not received any resumption proposal or restructuring proposal, the Company will not be able to fulfill the resumption guidance set out by the Stock Exchange. As such, the Company does not intend to apply for a review of the Delisting Decision in accordance with its rights under Chapter 2B of the Listing Rules.

Shareholders of the Company who have any queries about the implications of the cancellation of the listing of the shares of the Company are advised to obtain appropriate professional advice.

For and on behalf of

Youyuan International Holdings Limited

(In Liquidation)

Wing Sze Tiffany Wong and

Keith Andrew Williamson

Joint and Several Liquidators

Acting as agents without personal liability

Hong Kong, 8 March 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Ke Wentuo and Mr. Ke Jixiong.