Kelfred Holdings Limited — Capital/Financing Update 2021

Jun 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 the 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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KELFRED HOLDINGS LIMITED 恒發光學控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1134)

EXTENSION OF THE LONG STOP DATE OF PROPOSED PLACING OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Kelfred Holdings Limited (the “ Company ”) dated 4 June 2021 in relation to the proposed placing of new shares under general mandate (the “ Announcement ”). Unless otherwise defined, capitalised terms used herein shall have the respective meanings as those defined in the Announcement.

EXTENSION OF THE LONG STOP DATE

As additional time is required for the Placing Agent to procure investors to subscribe for the Placing Shares and to complete relevant administrative procedures in relation to the Placing, on 30 June 2021 (after trading hours), the Company and the Placing Agent entered into a letter of confirmation, pursuant to which the parties thereunder mutually agreed to extend the Long Stop Date to 19 July 2021, or such other dates as the Company and the Placing Agent may agree in writing.

PLACING PRICE

The Placing Price remains unchanged at HK$2.00, represents:

• (i) a premium of approximately 32.45% over the closing price of HK$1.51 per Share as quoted on the Stock Exchange on the date of this announcement; and

• (ii) a premium of approximately 28.21% over the average closing price of HK$1.56 per Share as quoted on the Stock Exchange for the last five consecutive trading days immediately prior to the date of this announcement.

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Save as the extension of the Long Stop Date, all other terms and conditions of the Placing Agreement remain unchanged and in full force and effect in all respects.

By Order of the Board Kelfred Holdings Limited Mr. Kwok Kwan Fai Chairman and Executive Director

Hong Kong, 30 June 2021

As at the date of this announcement, the executive Directors are Mr. Kwok Kwan Fai, Mr. Kwok Kwan Yu and Mr. Zuo Zhengsan, the non-executive Directors are Mr. Kwok Mau Kwan, Ms. Chan Yin Wah and Mr. Zhang Li, and the independent non-executive Directors are Mr. Hong Sze Lung, Mr. Chu Kin Ming and Mr. Chan Hon Wah.

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