Basic House New Life Group Limited — Capital/Financing Update 2021

Jul 5, 2021

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.

This announcement appears for information purpose only and does not constitute an invitation or offer to acquire, purchase, or subscribe for any securities of the Company.

AL Group Limited

利 駿 集 團（香 港）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8360)

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO (1) PROPOSED SHARE CONSOLIDATION; (2) PROPOSED CHANGE OF BOARD LOT SIZE; AND (3) PROPOSED RIGHTS ISSUE ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) CONSOLIDATED SHARE HELD ON THE RECORD DATE

Financial adviser to the Company

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Reference is made to the announcement of AL Group Limited (the “ Company ”) dated 7 June 2021 in relation to, among others, the Rights Issue, (the “ Announcement ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

DELAY IN DESPATCH OF THE CIRCULAR

As disclosed in the Announcement, a circular containing, among other things, (i) further details of the Share Consolidation, the Change in Board Lot Size and the Rights Issue; (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders in respect of the Rights Issue; (iii) a letter of advice from the Independent Financial Adviser t o the Independent Board Committee and the Independent Shareholders on the Rights Issue; and (iv) a notice convening the EGM (the “ Circular ”), is expected to be despatched to the Shareholders on or before Monday, 5 July 2021.

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As more time is required for preparing and finalising the Circular, it is expected that the despatch date of the Circular will be postponed to a date on or before Friday, 23 July 2021 and the closure of register of members of the Company will be changed accordingly.

EXPECTED TIMETABLE OF THE SHARE CONSOLIDATION, THE PROPOSED CHANGE IN BOARD LOT SIZE AND THE RIGHTS ISSUE

In view of the delay in despatch of the Circular, the expected timetable for the Share Consolidation, the Change in Board Lot size and the Rights Issue is to be revised as below:

Event Date (Hong Kong time) Despatch of the Circular Friday, 23 July 2021 Latest time for lodging transfers of Shares in order to 4:30 p.m. on qualify for attendance and voting at the EGM Tuesday, 3 August 2021 Closure of the register of members From Wednesday, 4 August 2021 (both dates inclusive) to Tuesday, 10 August 2021 Latest time for lodging proxy forms for the EGM 12:00 noon on (not less than 48 hours prior to the time of the EGM) Sunday, 8 August 2021 Record date for determining attendance and voting at Tuesday, 10 August 2021 the EGM Expected date and time of the EGM 12:00 noon on Tuesday, 10 August 2021 Announcement of the poll results of the EGM Tuesday, 10 August 2021 Register of members re-open Wednesday, 11 August 2021 Effective date of the Share Consolidation Thursday, 12 August 2021 Commencement of dealings in the Consolidated Shares 9:00 a.m. on Thursday, 12 August 2021 Original counter for trading in Existing Shares in board 9:00 a.m. on lots of 4,000 Existing Shares (in the form of existing Thursday, 12 August 2021 share certificates) temporarily closes Temporary counter for trading in the Consolidated 9:00 a.m. on Shares in board lots of 400 Consolidated Shares (in Thursday, 12 August 2021

Temporary counter for trading in the Consolidated Shares in board lots of 400 Consolidated Shares (in the form of existing share certificates) opens

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First day of free exchange of existing share certificates for new share certificates for the Consolidated Shares

Last day of dealings in the Consolidated Shares on a cum-rights basis relating to the Rights Issue

First day of dealings in the Consolidated Shares on an ex-rights basis relating to the Rights Issue

Latest time for the Shareholders to lodge transfer documents of the Consolidated Shares in order to be qualified for the Rights Issue

Closure of register of members to determine the eligibility of the Rights Issue (both dates inclusive)

Record date for the Rights Issue

Register of members of the Company re-opens

Despatch of the Prospectus Documents (including the PAL, EAF and Prospectus) (in case of the Non-Qualifying Shareholders, the Prospectus only)

Original counter for trading in the Consolidated Shares in board lots of 6,000 Consolidated Shares (in the form of new share certificates) reopens

Parallel trading in the Consolidated Shares (in the form of both existing share certificates and new share certificates in board lots of) commences

Designated broker starts to stand in the market to provide matching services for odd lots of the Consolidated Shares and fully-paid Rights Shares

First day of dealings in nil-paid Rights Share

Latest time for splitting of the PAL

Last day and time of dealings in nil-paid Rights Shares

Latest time for acceptance of and payment for the Rights Shares and application and payment for excess Rights Shares

Latest time for the termination of the Underwriting Agreement and for the Rights Issue to become unconditional

Thursday, 12 August 2021

Thursday, 12 August 2021

Friday, 13 August 2021

4:30 p.m. on Monday, 16 August 2021

From Tuesday, 17 August 2021 to Monday, 23 August 2021

Monday, 23 August 2021 Tuesday, 24 August 2021 Tuesday, 24 August 2021

9:00 a.m. on Thursday, 26 August 2021

9:00 a.m. on Thursday, 26 August 2021

Thursday, 26 August 2021

Thursday, 26 August 2021

4:30 p.m. on Monday, 30 August 2021

4:00 p.m. on Thursday, 2 September 2021

4:00 p.m. on Tuesday, 7 September 2021

4:00 p.m. on Wednesday, 8 September 2021

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Announcement of allotment results of the Rights Issue

Tuesday, 14 September 2021

Temporary counter for trading in board lots of 400 Consolidated Shares (in the form of existing share certificates) closes

4:10 p.m. on Wednesday, 15 September 2021

Parallel trading in the Consolidated Shares (in the form of new and existing share certificates) ends

4:10 p.m. on Wednesday, 15 September 2021

Despatch of share certificates for fully-paid Rights Shares and refund cheques (if any) for wholly and partially unsuccessful excess applications to be posted

Wednesday, 15 September 2021

Commencement of dealings in fully-paid Rights Shares

9:00 a.m. on Thursday, 16 September 2021

Latest time for free exchange of existing share certificates for new share certificates

Friday, 17 September 2021

Designated broker ceases to stand in the market to provide matching services for odd lots of the Consolidated Share and fully-paid Rights Shares

4:00 p.m. on Friday, 8 October 2021

All times and dates stated above refer to Hong Kong local times and dates. The expected timetable for the Share Consolidation, the Change in Board Lot Size and the Rights Issue set out above and all dates and deadlines specified in this announcement are indicative only and may be varied. Any changes to the expected timetable will be announced in a separate announcement by the Company as and when appropriate.

By Order of the Board AL Group Limited Lam Chung Ho Alastair Chairman of the Board and Executive Director

Hong Kong, 5 July 2021

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As at the date of this announcement, the executive Directors are Mr. Lam Chung Ho Alastair and Mr. Kwan Tek Sian; and the independent non-executive Directors are Mr. Tse Chi Shing, Mr. Tse Wai Hei and Mr. Tam Chak Chi.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Listed Company Announcements” page on the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.AL-Grp.com.

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