E-Commodities Holdings Limited — Capital/Financing Update 2020

Dec 22, 2020

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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E-COMMODITIES HOLDINGS LIMITED

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

VOLUNTARY ANNOUNCEMENT ENTERING INTO THE FACTORING CONTRACT WITH XIAMEN INTERNATIONAL BANK CO., LTD., BEIJING BRANCH*

This announcement is made by E-Commodities Holdings Limited (the “ Company ”) on a voluntary basis.

The board of directors of the Company (the “ Board ”) hereby announces that, recently, E- Commodities (Beijing) Supply Chain Management Co., Ltd.* (易大宗（北京）供應鏈管理有限公司) (the “ E-Commodities (Beijing) ”), a subsidiary of the Company, entered into a factoring contract (the “ Factoring Contract ”) with Xiamen International Bank Co., Ltd., Beijing Branch* (廈門國際銀行股 份有限公司北京分行) (the “ Xiamen International Bank ”). Pursuant to the Factoring Contract, Xiamen International Bank agreed to make available the factoring funds, on a revolving basis, in the amount of up to RMB30,000,000 to E-Commodities (Beijing) to be used as working capital, for a term commencing from 18 December 2020 and ending on 17 December 2022. To the best knowledge, information and belief of the directors of the Company (the “ Directors ”), Xiamen International Bank and its ultimate beneficial owners are third parties and independent from the Company and its connected persons (as defined under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules ”)). As the applicable percentage ratios for the transactions contemplated under the Factoring Contract are less than 5%, the Factoring Contract and the transactions contemplated thereunder do not constitute disclosable transaction of the Company under Chapter 14 of the Listing Rules.

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The Directors consider that the terms of the Factoring Contract was determined based on arm’s-length negotiations between the parties, and are fair and reasonable and in the interests of the Company and its shareholders as a whole.

By Order of the Board E-Commodities Holdings Limited Cao Xinyi

Chairman

Hong Kong, 22 December 2020

As at the date of this announcement, the executive directors of the Company are Ms. Cao Xinyi, Mr. Wang Yaxu, Mr. Li Jianlou and Ms. Di Jingmin; the non-executive director of the Company is Mr. Guo Lisheng; and the independent non-executive directors of the Company are Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. Gao Zhikai.

• For identification purpose only.

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