Honworld Group Limited — M&A Activity 2020

Jun 4, 2020

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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Honworld Group Limited 老 恒 和 釀 造 有 限 公 司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2226)

MONTHLY UPDATE ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

Reference is made to the announcements (the ‘‘Announcements’’) of Honworld Group Limited (the ‘‘Company’’) dated 3 April 2019, 4 April 2019, 3 May 2019, 4 June 2019, 4 July 2019, 2 August 2019, 3 September 2019, 30 September 2019, 30 October 2019, 2 December 2019, 16 December 2019, 6 January 2020, 16 January 2020, 14 February 2020, 6 March 2020, 3 April 2020 and 5 May 2020 in relation to, among other things, the Possible Cooperation. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

This announcement is made pursuant to Rule 3.7 of the Takeovers Code.

The Company wishes to update its Shareholders and potential investors that, as confirmed by the Controlling Shareholders (being Key Shine and Mr. Chen), as at the date of this announcement, in view of the outbreak of the coronavirus pneumonia (COVID-19) and the Interim Injunction Order, there has been no material progress on the Possible Cooperation and no definitive nor legally binding agreement has been entered into in respect of the Possible Cooperation.

The Controlling Shareholders confirm that they are in the process of preparing the evidence in opposition to the Interim Injunction Order and the date of the next substantive hearing for the Interim Injunction Order has not been fixed as of the date of this announcement. After the substantive hearing, the court may discharge, affirm, or vary the terms of the Interim Injunction Order, or make any other orders as the court considers appropriate. As the Interim Injunction Order is in force, the Controlling Shareholders may only dispose of their shareholding interests in the Company if the court discharges the Interim Injunction Order, or varies the terms of the Interim Injunction Order or makes any other orders that permit such disposal by the Controlling Shareholders. The Company will make further announcement(s) in respect of the Interim Injunction Order as and when appropriate.

• For identification purpose only

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In compliance with Rule 3.7 of the Takeovers Code, monthly announcement(s) setting out the progress of the Possible Cooperation will be made by the Company until an announcement is made of a firm intention to make an offer under Rule 3.5 of the Takeovers Code or of a decision not to proceed with an offer is made. Further announcement(s) in relation to the Possible Cooperation will be made by the Company as and when appropriate in accordance with the requirements of the Listing Rules and/or the Takeovers Code (as the case may be).

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company, and if they are in any doubt about their position, they should consult their professional adviser(s).

By Order of the Board Honworld Group Limited Chen Weizhong Chairman

Hong Kong, 4 June 2020

As at the date of this announcement, the executive Directors of the Company are Chen Weizhong, Sheng Mingjian and Wang Chao; and the non-executive Director of the Company is He Yuanchuan; and the independent non-executive Directors of the Company are Shen Zhenchang, Ng Wing Fai and Sun Jiong.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statements in this announcement misleading.

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