China Information Technology Development Limited — Capital/Financing Update 2021

Apr 20, 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 purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8178)

DISCLOSEABLE TRANSACTION AND SHARE TRANSACTION ACQUISITION OF 10% EQUITY INTEREST IN THE TARGET COMPANY INVOLVING THE ISSUE OF CONSIDERATION SHARES UNDER GENERAL MANDATE EXTENSION OF CLOSING DATE

On 1 April 2021, China Information Technology Development Limited (the “ Company ”) announced amongst other things that it had entered into an agreement, pursuant to which Rosy Depot Limited, a wholly-owned subsidiary of the Company as the Purchaser, intended to acquire and Valuable Forture Limited as the Vendor, intended to sell 10% equity interest in Global Engine Holdings Limited (the “ Announcement ”). Unless otherwise defined, capitalized terms used herein shall have the same meaning as those defined in the Announcement.

Pursuant to the Agreement, Closing shall take place on or before 20 April 2021 which the conditions precedent of the Agreement have been satisfied or, as the case may be, waived by the Party entitled to that condition or such other day as the Parties otherwise agree in writing.

On 20 April 2021, the Purchaser and the Vendor have agreed in writing to extend the Closing Date to 14 May 2021 so as to allow more time to obtain regulatory approvals that are part of the conditions precedent of the Agreement.

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The Board considers that the extension of the Closing Date would be in the interests of the Company and the Shareholders as a whole. Save for the extension of the Closing Date, all other terms of the Agreement remain unchanged and shall continue to be in full force and effect.

Further announcements will be made if and when appropriate.

By order of the Board China Information Technology Development Limited Wong King Shiu, Daniel Chairman and Chief Executive Officer

Hong Kong, 20 April 2021

As of the date of this announcement, the Board comprises Mr. Wong King Shiu, Daniel (Chairman and Chief Executive Officer) and Mr. Chang Ki Sum Clark as executive Directors; Mr. Hung Hing Man, Mr. Wong Hoi Kuen and Dr. Chen Shengrong as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited 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 be available on the Company’s website http://www.citd.com.hk and will remain on the “Latest Listed Company Information” page on the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting.

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