FingerTango Inc. — Capital/Financing Update 2021

Jun 22, 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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FingerTango Inc.

(incorporated in the Cayman Islands with limited liability) (Stock Code: 6860)

INSIDE INFORMATION

This announcement is made by FingerTango Inc. (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements of the Company dated 13 December 2019 and 12 December 2020 in relation to the subscription of the Notes in the principal amount of up to HK$250 million (collectively, the “ Announcements ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

The Notes in the principal amount of HK$250 million issued by the Issuer were due on 12 June 2021 (the “ Maturity Date ”). However, the total principal amount of the Notes together with the accrued interests on the Notes (which amounted to HK$8,750,000 as at the Maturity Date) remained outstanding as at the date of this announcement. Pursuant to the terms and conditions of the Notes, it constitutes an event of default (“ Event of Default ”) if, among others, the Issuer fails to pay the principal when due or the Issuer fails to pay interest on the Note when due unless non-payment of such interest is due solely to administrative or technical error and payment is made within seven Business Days of the due date thereof. Accordingly, as at the date of this announcement, an Event of Default has occurred. The Company has issued a formal notice to the Issuer informing the occurrence of an Event of Default and preserving its rights under the Notes.

The Company is in the course of seeking legal advice and assessing the Company’s legal position on the possible course of action, including potential enforcement actions against the Issuer, in response to the occurrence of the Event of Default.

The Board is also in the process of assessing the financial impact of the Event of Default on the Group and will use its best endeavours and take all possible actions to seek recovery from the Issuer of the principal amount of the Notes and interests accrued thereon.

The Company will make further announcement(s) with respect to the final course of action to be taken in response to the Event of Default and the Board’s assessment in relation thereto in a timely manner in accordance with the Listing Rules.

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Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

By order of the Board FingerTango Inc. LIU Jie Chairman and Chief Executive Officer

Guangzhou, the People’s Republic of China, 22 June 2021

As at the date of this announcement, the Board comprises Mr. LIU Jie and Mr. ZHU Yanbin as executive Directors and Ms. YAO Minru, Mr. GUO Jingdou and Dr. LIU Jianhua as independent non-executive Directors.

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