E-Commodities Holdings Limited — Capital/Financing Update 2022

Feb 4, 2022

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)

ADJUSTMENT TO THE SUBSCRIPTION PRICE OF THE WARRANTS ISSUED ON 14 SEPTEMBER 2017

References are made to the announcements of E-Commodities Holdings Limited (the “ Company ”) dated 2 June, 14 August, 15 September, 8 November, 9 November 2017 and 9 July, 21 September 2018 and 25 September 2019 in relation to, among other things, the issue of the 118,060,606 Warrants and adjustment to the subscription price (the “ Announcements ”), the circulars (the “ Circulars ”) of the Company dated 6 July 2017 and 15 August 2017 and the EGM poll results announcements dated 24 July 2017 and 6 September 2017. Capitalised terms used in this announcement shall bear the same meanings as those defined in the Circulars and/or Announcements unless the context requires otherwise.

WARRANT SUBSCRIPTION PRICE ADJUSTMENT

The Board announces that pursuant to the provision on adjustments to the Warrant Subscription Price set out in the terms and conditions of the Warrants, the Warrant Subscription Price shall be adjusted from HK$0.761 to HK$0.654 per Warrant Share (the “ Warrant Subscription Price Adjustment ”) as a result of the declaration by the Company on 30 September 2021 of a special dividend of HK$0.064 per Share. The Warrant Subscription Price Adjustment was effective from 11 December 2021, being the day next following the record date for the special dividend, in accordance with the terms and conditions of the Warrants. All other terms of the Warrants remain unchanged.

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

Hong Kong, 4 February 2022

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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.

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