Da Sen Holdings Group Limited — Capital/Financing Update 2019

May 22, 2019

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.

Da Sen Holdings Group Limited 大森控股集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1580)

EXTENSION OF LONG-STOP DATE OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing Agent

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Reference is made to the announcement (the “ Announcement ”) of the Company dated 8 May 2019 in relation to the placing of a maximum of 179,280,000 new Placing Shares under the general mandate granted to the Directors at the AGM. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement.

In light of the current fluctuation of the Hong Kong stock market environment and accordingly additional time is required for fulfilment of conditions precedent as set out in the Placing Agreement, the Company and the Placing Agent, after arm’s length negotiation, have entered into a supplemental agreement to the Placing Agreement on 22 May 2019 (after trading hours), whereby the parties agreed to further extend the Long-stop Date from 24 May 2019 to 12 June 2019.

Save and except for the aforesaid change, all other terms and conditions of the Placing Agreement shall remain unchanged and continue in full force and effect.

By order of the Board Da Sen Holdings Group Limited Ke Mingcai Chairman and Executive Director

Hong Kong, 22 May 2019

As at the date of this announcement, the executive Directors are Mr. KE Mingcai, Mr. WANG Songmao, Mr. ZHANG Ayang and Mr. WU Shican; and the independent non-executive Directors are Mr. SHAO Wanlei, Mr. LIN Triomphe Zheng and Mr. WANG Yuzhao.