Reference is made to the announcement of Yues International Holdings Group Limited (the Company) dated 13 August 2021, in relation to, among others, the subscription of non-listed Bonds with the principal amount of RMB 40,000,000. The Bonds are unsecured and bear an interest rate of 4.3% per annum and are due on the first anniversary of the date of issue (the "Maturity Date''). Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Announcement.

The Board announces that on 13 August 2022, the Subscriber and the Issuer entered into a supplemental deed to the Subscription Agreement (the “Extension Deed''), pursuant to which the parties thereto agreed to extend the Maturity Date by 3 months. The Group subscribed for the Bonds for investment purpose. Taking into account that (i) the Group can earn the interest from the Bonds for its idle fund for the extended period; (ii) the interest rate of the Bonds is generally higher than the interest rates of fixed deposits offered by well-recognised financial institutions in Hong Kong; and (iii) the Company is not in urgent need of immediately available assets at this moment, the Directors consider that entering into the Extension Deed and extending the Maturity Date would provide the Group with an extra amount of interest equivalent to 3-months' interest amidst the prevailing low interest rate environment.

The Board is of the view that the terms of the Extension Deed are fair and reasonable and on normal commercial terms, and the Extension Deed is in the interest of the Company and its shareholders as a whole.