Yuzhou : VOLUNTARY ANNOUNCEMENT SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME

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 the Cayman Islands with limited liability)

(Stock Code: 01628)

VOLUNTARY ANNOUNCEMENT

SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME

This announcement is made by Yuzhou Group Holdings Company Limited (the "Company") on a voluntary basis.

Reference is made to the announcement of the Company dated 29 September 2020 (the "Announcement") in relation to the adoption of the share award scheme of the Company (the "Share Award Scheme"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As of 31 March 2021, the Trustee has purchased an aggregate of 8,080,000 Shares on the Stock Exchange for the purpose of the Share Award Scheme, including 1,000,000 Shares which were purchased on 31 March 2021 at an average consideration of HK$2.3150 per Share. Details of the aforementioned purchases and the information about the Shares held by the Trustee are as follows:

Dates of purchases:	31 March 2021
Aggregate number of Shares purchased:	1,000,000
Percentage of issued share capital of the Company:	Approximately 0.018%
Average consideration per Share:	HK$2.3150
Total consideration:	HK$2,315,000
Balance of number of Shares held by the Trustee	8,080,000
immediately after the purchases:

1

Subject to the Scheme Rules, the Board may, from time to time, at its absolute discretion select any Employee (other than any Excluded Employee) for participation in the Share Award Scheme as a Selected Employee, and grant such number of Awarded Shares to any Selected Employee at no consideration and in such number and on and subject to such terms and conditions as it may in its absolute discretion determine. As at the date of this announcement, no Awarded Shares have been granted pursuant to the Share Award Scheme.

By Order of the Board

Yuzhou Group Holdings Company Limited

Lam Lung On

Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the executive directors of the Company are Mr. Lam Lung On (Chairman, J.P.), Ms. Kwok Ying Lan, Mr. Lin Conghui and Ms. Lam Yu Fong, the non-executive director of the Company is Ms. Xie Mei, and the independent non-executive directors of the Company are Mr. Lam Kwong Siu, Mr. Wee Henny Soon Chiang and Dr. Zhai Pu.

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