China Frontier Technology Group — Capital/Financing Update 2020

May 18, 2020

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.

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WISDOM SPORTS GROUP

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1661)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO DISCLOSEABLE TRANSACTION INVESTMENT IN TRUST SCHEME

Reference is made to the announcement (the “ Announcement ”) of Wisdom Sports Group (the “ Company ”) dated 12 May 2020 in relation to the investment in the Trust Scheme established by Minsheng Trust. Unless otherwise stated, capitalized terms and expressions used herein shall have the same meanings as those defined in the Announcement.

This announcement is made to provide shareholders of the Company further details in relation to the investment strategy and the nature of the underlying assets of the Trust Scheme.

According to the terms of the Trust Scheme Agreement, Minsheng Trust will utilize the investment contribution by investing in the underlying assets of a third party company, namely, Sunac Hetai (Tianjin) Factoring Limited* (融創和泰（天津）商業保理有限公司) (“ Sunac Hetai ”). The underlying assets are in the form of receivables derived from the sale of commercial housing projects conducted by certain subsidiaries of Sunac China Holdings Limited (“ Sunac ”). Upon completion of the sale of the commercial housing projects, the receivables will be transferred to Sunac Hetai and Sunac Hetai will distribute the earnings to the Trust Scheme whereby the beneficiaries will receive the payouts based on their respective investment proportions plus the annualized rate of return.

By Order of the Board Wisdom Sports Group Ren Wen Chairlady and Executive Director

Hong Kong, 18 May 2020

As at the date of this announcement, the executive Directors of the Company are Ms. Ren Wen, Mr. Sheng Jie, Mr. Song Hongfei and Ms. Hao Bin; and the independent non-executive Directors of the Company are Mr. Chen Zhijian, Mr. Ip Kwok On Sammy and Mr. Jin Guoqiang.