Hunlicar Group Limited — M&A Activity 2023

Jan 11, 2023

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: 3638)

COMPLETION OF THE ACQUISITION OF THE TARGET COMPANIES

References are made to the announcement of Huabang Technology Holdings Limited (the “ Company ”) dated 3 October 2022 and the circular of the Company dated 16 December 2022 (the “ Circular ”) in relation to the major transaction of the Company relating to the acquisition of Shag Mei International Food Limited 正味國際食品有限公司 and Legend International Food Limited 嶺進 國際食品有限公司. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.

The Board is pleased to announce that all Conditions to the Share Transfer Agreement have been satisfied and Completion took place on 11 January 2023.

Upon Completion, the Target Companies have become indirect wholly-owned subsidiaries of the Company and the financial results of the Target Companies will be consolidated into the Company’s consolidated financial statements.

By Order of the Board Huabang Technology Holdings Limited Qu Hongqing Executive Director

Hong Kong, 11 January 2023

As at the date of this announcement, the executive Director of the Company is Mr. Qu Hongqing; and the independent non-executive Directors of the Company are Mr. Loo Hong Shing, Vincent, Mr. Zhu Shouzhong and Mr. Li Huaqiang.