Glory Flame Holdings Limited — Proxy Solicitation & Information Statement 2018

May 11, 2018

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.

GLORY FLAME HOLDINGS LIMITED 朝威控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8059)

CLARIFICATION ANNOUNCEMENT

Reference is made to the clarification announcement (the “ First Clarification Announcement ”) of Glory Flame Holdings Limited (the “ Company ”) in relation to revised proxy form dated 10 May 2018. Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as those defined in the First Clarification Announcement.

The Board wishes to further clarify that the ordinary resolution no. 3(d) as stated in the English version of the Original Proxy Form should be read as “To re-elect Mr. Chung Yuk Lun as an independent nonexecutive Director” instead of “To re-elect Mr. Chun Yuk Lun as a non-executive Director”.

The Chinese version of the Revised Proxy Form does not carry the aforesaid typographical error and will be treated as valid form of proxy if correctly completed and signed.

The English version of the further revised Proxy Form (the “ Further Revised Proxy Form ”) has be published on the websites of the Stock Exchange and of the Company and will be despatched to the Shareholders as soon as practicable. For completeness, the Chinese version of the same has also been uploaded again but the content is the same as that published on 11 May 2018. This clarification announcement is supplemental to and should be read in conjunction with the AGM Circular, the AGM Notice, the Original Proxy Form, the Further Revised Proxy Form and the First Clarification Announcement.

Shareholders should note that the English version of each of the Original Proxy Form and the Revised Proxy Form have been superseded by the Further Revised Proxy Form and thus are void and invalid. Shareholders (including those who have lodged the English version of each of the Original Proxy Form and/or the Revised Proxy Form) intending to cast their votes by way of proxy shall therefore complete and lodge the Further Revised Proxy Form with the branch registrar and transfer office of the Company, Boardroom Share Registrars (HK) Limited at 31/F, 148 Electric Road, North Point, Hong Kong as soon as practicable but in any event not later than 48 hours before the time for holding the AGM or any adjournment thereof.

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Except as stated above, all other information and contents set out in the First Clarification Announcement remain unchanged.

By order of the Board Glory Flame Holdings Limited Che Xiaoyan Chairman

Hong Kong, 11 May 2018

As at the date of this announcement, the executive directors (the “Director(s)”) of the Company are Ms. Che Xiaoyan, Mr. Man Wai Lun, Ms. Jiao Fei, Mr. Li Shunmin and Mr. Guan Jincheng; the non-executive Director is Mr. Lin Hongtong; and the independent non-executive Directors are Mr. Chung Kam Wah, Mr. Bai Honghai, Mr. Li An Sheng, Mr. Chen Yongquan and Mr. Chung Yuk Lun.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the Stock Exchange’s website at www.hkexnews.hk for 7 days from the date of its posting. This announcement will also be posted on the Company’s website at www.gf-holdings.com.

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