Hevol Services Group Co. Limited — M&A Activity 2021

Aug 12, 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: 6093)

CLOSING OF THE ACQUISITION AND WAIVER FROM STRICT COMPLIANCE WITH RULE 14.41(A) OF THE LISTING RULES

Reference is made to the announcement issued by Hevol Services Group Co. Limited (the “ Company ”) dated 22 July 2021 in relation to, among other things, the Acquisition (the “ Announcement ”). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

CLOSING OF THE ACQUISITION

The Board is pleased to announce that Closing of the Acquisition took place on 2 August 2021. Immediately following the Closing, the Target Company has become an indirect non-wholly owned subsidiary of the Company and the results and assets and liabilities of the Target Group will be consolidated into the consolidated financial statement of the Company.

WAIVER FROM STRICT COMPLIANCE WITH RULE 14.41(A) OF THE LISTING RULES

As disclosed in the Announcement, no Shareholder is required to abstain from voting if the Company were to convene a general meeting for approving the Acquisition. Written approval of the Acquisition has been obtained by the Company from its controlling Shareholder, Brilliant Brother. Accordingly, no general meeting will be convened for the purpose of approving the Acquisition as permitted under Rule 14.44 of the Listing Rules. Pursuant to Rule 14.41(a) of the Listing Rules, as the Acquisition was approved by way of written shareholders’ approval under Rule 14.44 of the Listing Rules, the Company is required to dispatch a circular in respect of the Acquisition (the “ Circular ”) to the Shareholders within 15 business days after publication of the Announcement, which is on or before 12 August 2021.

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As additional time is required to prepare information to be included in the Circular including but not limited to the financial information of the Target Group, the Company has applied to the Stock Exchange for a waiver from strict compliance with the requirements of Rule 14.41(a) of the Listing Rules for an extension of the deadline for the despatch of the Circular (the “ Waiver ”). The Company will make further announcement after it has obtained the Waiver from the Stock Exchange and the expected date of dispatch of the Circular is confirmed.

Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board of Directors Hevol Services Group Co. Limited Wang Wenhao Executive Director

Hong Kong, 12 August 2021

As at the date of this announcement, the Board comprises two executive Directors, namely Ms. Hu Hongfang and Mr. Wang Wenhao, two non-executive Directors, namely Mr. Liu Jiang and Mr. Zhou Wei, and four independent non-executive Directors, namely Dr. Chen Lei, Mr. Fan Chi Chiu, Mr. Li Yongrui and Mr. Qian Hongji.

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