CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — Capital/Financing Update 2021

May 17, 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 is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares.

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華誼騰訊娛樂有限公司 Huayi Tencent Entertainment Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 419)

COMPLETION OF AND SUPPLEMENTAL AGREEMENT IN RELATION TO DISCLOSEABLE TRANSACTION CAPITAL INCREASE TO AND

ACQUISITION OF EQUITY INTEREST IN A COMPANY ENGAGED IN NEW RETAIL PLATFORM FOR PRESCRIPTION DRUGS BY WAY OF

CASH CONSIDERATION AND ISSUE OF CONSIDERATION SHARES

Reference is made to the announcement of Huayi Tencent Entertainment Company Limited (the “ Company ”) dated 7 April 2021 (the “ Announcement ”) and the announcement dated 21 April 2021 in relation to capital increase to and acquisition of equity interest in a company engaged in new retail platform for prescription drugs. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as defined in the Announcement.

COMPLETION OF THE CAPITAL INCREASE AND THE ACQUISITION FROM BDT

The Company is pleased to announce that all of the Conditions had been fulfilled and the completion of the Capital Increase and the Acquisition from BDT took place on 29 April 2021, on which date the Target Company received from PIL the amount in USD equivalent of the First Cash Investment of RMB37,480,000. Following the completion of the Capital Increase and the Acquisition from BDT, the Group (through PIL) owns 51% equity interest in the Target Company.

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SUPPLEMENTAL AGREEMENT TO THE CAPITAL INCREASE AND ACQUISITION AGREEMENT

In response to certain actual circumstances including satisfying the requirements of the bank for completing the foreign exchange settlement procedures in the remittance of cash by PIL to the Target Company, on 17 May 2021, the Company, PIL, the Target Company, YZN and the Founding Shareholders entered into the supplemental agreement to the Capital Increase and Acquisition Agreement (the “ Supplemental Agreement ”). Pursuant to the Supplemental Agreement, instead of the First Cash Investment of RMB37,480,000 paid by PIL to the Target Company being allocated as partly for subscription of new registered capital, partly for paying up the unpaid registered capital on the equity interest acquired from BDT and partly as additional paid-in capital of the Target Company, such entire amount of RMB37,480,000 is treated as registered capital paid up by PIL for the 51% equity interest in the Target Company. The respective amounts of registered capital subscribed for by the other shareholders of the Target Company are correspondingly increased so that their percentage shareholdings in the Target Company are maintained the same as those immediately after the completion of the Acquisition from BDT and the Capital Increase as disclosed in the Announcement. Such amendments are also correspondingly effected to the Shareholders’ Agreement. The shareholding percentage of PIL in the Target Company remains to be 51% following the amendments pursuant to the Supplemental Agreement.

Save for the amendments as stated above, all other terms and conditions of the Capital Increase and Acquisition Agreement shall remain in full force and effect.

By Order of the Board Huayi Tencent Entertainment Company Limited Raymond Hau Company Secretary

Hong Kong, 17 May 2021

As at the date of this announcement, the Board comprises:

Executive directors: Mr. CHENG Wu (Vice Chairman), Mr. YUEN Hoi Po (Chief Executive Officer) Independent non-executive directors: Dr. WONG Yau Kar David, GBS, JP, Mr. YUEN Kin, Mr. CHU Yuguo

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