DT Capital Limited — M&A Activity 2021

Nov 1, 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.

EVERCHINA INT'L HOLDINGS COMPANY LIMITED

濁中國際控股有限公司

(incorporated in Hong Kong with limited liability)

(Stock Code: 202)

MAJOR AND CONNECTED TRANSACTION EXTENSION OF LONG STOP DATE

Reference is made to the announcement of EverChina Int'l Holdings Company Limited (the "Company") dated 27 May 2021 and the circular (the "Circular") of the Company dated 26 July 2021 in relation to, among other things, the major and connected transaction of the Company regarding the Disposal. Capitalised terms used in this announcement shall have the same meaning as those used in the Circular unless otherwise defined.

Extension of the Long Stop Date

Pursuant to the Disposal Agreements, Completion is conditional upon fulfilment of the conditions precedent set out in the Disposal Agreements on or before 31 October 2021 or such other date as the Purchasers and Interchina Tianjin may agree in writing (the "Long Stop Date"). As additional time is required for the fulfilment of the conditions precedent, the parties thereto entered into an extension letter on 31 October 2021, pursuant to which the parties agreed to extend the Long Stop Date to 30 November 2021, or such later date as the parties may agree.

Save for above extension of the Long Stop Date, all other terms of the Disposal Agreements shall remain unchanged and continue in full force and effect. The Company is of the view that the extension of the Long Stop Date would not have any material adverse impact on the business and performance of the Group.

By order of the Board of

EverChina Int'l Holdings Company Limited

Lam Cheung Shing, Richard

Chief Executive Officer and Executive Director

Hong Kong, 1 November 2021

As at the date of this announcement, the executive Directors are Mr. Jiang Zhaobai, Mr. Lam Cheung Shing, Richard and Mr. Chen Yi, Ethan and the independent non-executive Directors are Mr. Ho Yiu Yue, Louis, Mr. Ko Ming Tung, Edward and Mr. Ng Ge Bun.