Elife Holdings Limited — Share Issue/Capital Change 2021

Dec 31, 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.

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 223)

REVISED TIMETABLE IN RELATION TO PROPOSED SHARE CONSOLIDATION

References are made to (i) the announcement of the Company dated 9 December 2021 in relation to, among others, the proposed Share Consolidation (the “ Announcement ”); and (ii) the announcement of the Company dated 29 December 2021 (the “ Delay Announcement ”) in relation to the delay in despatch of the Circular containing (a) further details in relation to the Share Consolidation; (b) further details of the Connected New Shares Grant; (c) a letter of advice from the Independent Board Committee to the Independent Shareholders; (d) a letter of advice from the independent financial adviser to the Independent Board Committee and the Independent Shareholders; and (e) the notice of the EGM. Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and the Delay Announcement.

REVISED TIMETABLE

As disclosed in the Delay Announcement, the despatch of the Circular was postponed to a date on or before 10 January 2021. The reason for the postponement of despatch of the Circular was that additional time was required to finalise the contents of the Circular.

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The timetable for the Share Consolidation is revised and set out below:

EventTime and Date
Despatch date of the Circular with notice of the EGM. . . . . . . Monday, 10 January 2022
Latest date and time for lodging transfer documents in
order to qualify for attending and voting at the EGM. . . . . . .4:30 p.m. on Wednesday,
19 January 2022
Closure of the register of members of the Company . . . . . Thursday, 20 January 2022 to
Tuesday, 25 January 2022
(both days inclusive)
Latest time for lodging the proxy form for the EGM . . . . . . . . . . . 11:00 a.m. on Sunday,
23 January 2022
Record date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 25 January 2022
Expected date and time of the EGM . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Tuesday,
25 January 2022
Publication of announcement on
poll results of the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 25 January 2022
The following events are conditional on the fulfilment of the conditions for the
implementation of the Share Consolidation.
Effective date of the Share Consolidation . . . . . . . . . . . . . . . Thursday, 27 January 2022
Dealing in the Consolidated Shares commences . . . . . . . . . . . . . 9:00 a.m. on Thursday,
27 January 2022
Original counter for trading in the Existing Shares of
the Company in board lots of 20,000 Existing Shares
temporarily closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday,
27 January 2022
Temporary counter for trading in the Consolidated Shares in
board lots of 4,000 Consolidated Shares
(in the form of existing share certificates) opens . . . . . . . . . . . 9:00 a.m. on Thursday,
27 January 2022

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First day of free exchange of existing share certificates for new share certificates for the Consolidated Shares . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 27 January 2022 Original counter for trading in the Consolidated Shares in board lots of 20,000 Consolidated Shares (in the form of new share certificates) re-opens . . . . . . . . . . . . . 9:00 a.m. on Tuesday, 15 February 2022 Parallel trading in the Consolidated Shares (in the form of new share certificates and existing share certificates) commences . . . . . . . . . . . . . . . . 9:00 a.m. on Tuesday, 15 February 2022 Designated broker starts to stand in the market to provide matching services for the sale and purchase of odd lots of Consolidated Shares . . . . . . . . . . . . 9:00 a.m. on Tuesday, 15 February 2022 Designated broker ceases to stand in the market to provide matching services for the sale and purchase of odd lots of Consolidated Shares . . . . . . . . . . . . . . . 4:00 p.m. on Monday, 7 March 2022 Temporary counter for trading in board lots of 4,000 Consolidated Shares (in the form of existing share certificates) closes. . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m. on Monday, 7 March 2022 Parallel trading in the Consolidated Shares (in the form of new share certificates and existing share certificates) ends . . . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m. on Monday, 7 March 2022 Last day for free exchange of existing share certificates for new share certificates for the Consolidated Shares . . . . . . . . . . . . . . . . . . . . . . . . .Wednesday, 9 March 2022

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All times and dates in this announcement refer to Hong Kong local times and dates. Dates or deadlines specified in the timetable above are indicative only and is subject to the Share Consolidation having become unconditional, and may be extended or varied by the Company. Any extension or adjustment to the timetable will be announced in separate announcement(s) by the Company as and when appropriate.

By order of the Board Elife Holdings Limited Chow Chi Fai Company Secretary

Hong Kong, 31 December 2021

As at the date of this announcement, the executive Directors are Mr. Zhang Xiaobin, Mr. Gao Feng and Mr. Chiu Sui Keung and the independent non-executive Directors are Mr. Cheng Wing Keung Raymond, Mr. Lam Williamson, Mr. Wong Hoi Kuen and Dr. Lam Lee G.

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