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

Jun 9, 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)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

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.

The Board announces that on 9 June 2021, FDB Financial Group Limited, a licensed corporation to carry out Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities as defined under the SFO, has been appointed as the independent financial adviser of the Company (the “ Independent Financial Adviser ”) to advise the Independent Board Committee and the Independent Shareholders in respect of the Rights Issue. The appointment of the Independent Financial Adviser has been approved by the Independent Board Committee.

The letter of advice from the Independent Financial Adviser in relation to the Rights Issue will be included in the circular to be despatched by the Company to the Shareholders on or before 5 July 2021.

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

Hong Kong, 9 June 2021

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As at the date of this announcement, the executive Directors are Mr. Lam Chung Ho Alastair, Mr. Kwan Tek Sian and Mr. Wong Kang Man; 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.ALGrp.com.

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