Crypto Flow Technology Limited — Report Publication Announcement 2021

Feb 22, 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.

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Loto Interactive Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8198)

ANNOUNCEMENT

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

(1) CONNECTED TRANSACTION RELATING TO SHARE SUBSCRIPTION UNDER SPECIFIC MANDATE;

(2) MAJOR TRANSACTION RELATING TO THE ACQUISITION OF THE REMAINING 49% EQUITY INTEREST OF THE TARGET; AND (3) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

Reference is made to the joint announcement issued by 500.com Limited and Loto Interactive Limited (the “ Company ”) dated 28 January 2021 (the “ Joint Announcement ”) and the joint supplemental announcement dated 11 February 2021 in relation to, among other things, (i) the connected transaction relating to the Subscription under Specific Mandate; (ii) the major transaction relating to the acquisition of the remaining 49% equity interest of the Target; and (iii) the proposed Increase in Authorised Share Capital. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement.

DELAY IN DESPATCH OF THE CIRCULAR

As disclosed in the Joint Announcement, a circular containing, among other things, (i) further details of the Subscription Agreement and the transactions contemplated thereunder and the granting of the Specific Mandate; (ii) a letter from the Listing Rules Independent Board Committee containing its recommendations to the Listing Rules Independent Shareholders in respect of the Subscription Agreement and the transactions contemplated thereunder; (iii) a letter from the Independent Financial Adviser to the Listing Rules Independent Board Committee and the Listing Rules Independent Shareholders containing its recommendation in respect of the Subscription Agreement and the transactions contemplated thereunder; (iv) further details of the Acquisition Agreement and the transactions contemplated thereunder; (v) further details about the Increase in Authorised Share Capital; (vi) a notice convening the EGM; and (vii) other information as required under the GEM Listing Rules, is expected to be despatched to the Shareholders on or before 22 February 2021.

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As additional time is required to finalise certain information to be included in the circular, the date of despatch of the circular is expected to be postponed to a date falling on or before 19 March 2021.

By order of the Board of Loto Interactive Limited Yan Hao

Chief Executive Officer and Executive Director

Hong Kong, 22 February 2021

As at the date of this announcement, the Board of Directors comprises Ms. Zhang Jing[] (Chairman), Mr. Yan Hao[#] (Chief Executive Officer), Ms. Huang Lilan[#] , Mr. Yuan Qiang[] , Dr. Lu Haitian[+] , Mr. Lin Sen[+] and Mr. Huang Jian[+] .

Executive Director

• Non-executive Director

• • Independent Non-executive Director

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 Company Announcements” page of the GEM website at www.hkgem.com for at least seven days from the date of its posting and on the website of the Company at www.lotoie.com.

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