Jimu Group Limited — Capital/Financing Update 2021

Dec 30, 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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JIMU GROUP LIMITED 積木集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8187)

SECOND SUPPLEMENTAL AGREEMENT TO SUBSCRIPTION OF SHARE UNDER GENERAL MANDATE

Reference is made to the announcement of Jimu Group Limited (the “ Company ”) dated 18 November 2021 and 19 November 2021 (the “ Announcements ”) in relation to the Share Subscription Agreement dated 18 November 2021 in respect of the subscription of shares under general mandate and the Supplemental Agreement dated 19 November 2021. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings given to them in the Announcements.

SECOND SUPPLEMENTAL AGREEMENT

Pursuant to the Share Subscription Agreement (as supplemented and amended by the Supplemental Agreement), Long Stop Date shall fall on 31 December 2021 or such later date as may be agreed between the Company and the Subscriber. The Board announces that on 30 December 2021 (after trading hours), the Company and the Subscriber entered into the second supplemental agreement pursuant to which the parties thereto agreed to extend the Long Stop Date from 31 December 2021 to 30 June 2022.

Save as aforesaid, all other terms and conditions of the Share Subscription Agreement (as supplemented and amended by the Supplemental Agreement) shall remain unchanged and shall continue to be in full force and effect.

By order of the Board Jimu Group Limited Wei Ju

Executive Director

Hong Kong, 30 December 2021

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As at the date of this announcement, the executive Directors are Mr. Dong Jun, Mr. Huang Zexiong, Mr. Chen Zuze, and Ms. Wei Ju; the non-executive Director is Mr. Shum Tsz Yeung; and the independent non-executive Directors are Mr. Eric Todd, Mr. Lam Wai Hung and Mr. Hung Wai Che.

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 Listed Company Information” page on the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.jimugroup.hk. In case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.

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