E-Commodities Holdings Limited — Capital/Financing Update 2021

Nov 26, 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.

==> picture [32 x 41] intentionally omitted <==

E-COMMODITIES HOLDINGS LIMITED

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

VOLUNTARY ANNOUNCEMENT SUPPLEMENTAL CONTRACT TO THE FACTORING CONTRACT

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

Reference is made to the announcement of the Company dated 22 December 2020, in relation to entering into the Factoring Contract between E-Commodities (Beijing) and Xiamen International Bank (the “ Announcement ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

On 26 November 2021, E-Commodities (Beijing) and Xiamen International Bank entered into the supplemental contract (the “ Supplemental Contract ”) to the Factoring Contract. Pursuant to the Supplemental Contract, the parties agreed to increase the maximum amount of factoring funds, on a revolving basis, from the amount of up to RMB30,000,000 to the amount of up to RMB50,000,000. Save for the amendment as disclosed above, all other terms and conditions of the Factoring Contract remain unchanged and shall continue to be binding and effective.

To the best knowledge, information and belief of 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 Listing Rules). As the applicable percentage ratios (as defined under the Listing Rules) for the transactions contemplated under the Supplemental Contract are less than 5%, the Supplemental Contract and the transactions contemplated thereunder do not constitute disclosable transaction of the Company under Chapter 14 of the Listing Rules.

• 1 -

The Directors consider that the terms of the Supplemental Contract was determined based on arm’slength 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, 26 November 2021

As at the date of this announcement, the executive directors of the Company are Ms. Cao Xinyi, Mr. Wang Yaxu, Ms. Di Jingmin and Mr. Zhao Wei; 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.

• 2 -