CA Cultural Technology Group Limited — Capital/Financing Update 2021

Dec 30, 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 the securities of the Company.

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CA CULTURAL TECHNOLOGY GROUP LIMITED 華夏文化科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 01566)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO ISSUE OF NEW SHARES UNDER GENERAL MANDATE FOR DEBT CAPITALISATION AND PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing Agent

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Reference is made to the announcement of CA Cultural Technology Group Limited (the “ Company ”) dated 29 December 2021 (the “ Announcement ”) in relation to, amongst other things, the Settlement and the Placing. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

SUPPLEMENTAL PLACING AGREEMENT

On 30 December 2021 (after trading hours of the Stock Exchange), the Company and the Placing Agent have entered into a supplemental placing agreement (the “ Supplemental Placing Agreement ”), pursuant to which the long stop date contemplated under the Placing Agreement for the fulfillment of the conditions for the Placing has been changed from 31 March 2022 to 14 January 2022.

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Save and except for the aforesaid change of the long stop date under the Placing Agreement, all other terms of the Placing Agreement shall remain unchanged and the Placing Agreement (as revised and supplemented by the Supplemental Placing Agreement) shall remain in full force and effect.

The Board considers the change of the long stop date under the Placing Agreement are in the interests of the Company and the Shareholders as a whole.

The Company will make further announcement regarding to any information as and when appropriate and in accordance with the Listing Rules.

As completion of the Placing is subject to the satisfaction of a number of conditions under the Placing Agreement (as revised and supplemented by the Supplemental Placing Agreement) and the Placing is on a best effort basis, the Placing may or may not proceed. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the Shares.

By order of the Board CA Cultural Technology Group Limited Chong Heung Chung Jason Chairman and Executive Director

Hong Kong, 30 December 2021

As of the date of this announcement, the executive Directors are Mr. Chong Heung Chung Jason, Mr. Ting Ka Fai Jeffrey and Ms. Liu Moxiang, and the independent non-executive Directors are Mr. Ni Zhenliang, Mr. Tsang Wah Kwong and Mr. Hung Muk Ming.

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