Long Investment Corp — M&A Activity 2021

Mar 31, 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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CHINA FINANCIAL LEASING GROUP LIMITED 中國金融租賃集團有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2312)

LAPSE OF MEMORANDUM OF UNDERSTANDINGS IN RELATION TO THE PROPOSED ACQUISITIONS

This announcement is made by China Financial Leasing Group Limited (the “ Company and its subsidiaries (collectively the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 28 February 2020, 28 May 2020 and 30 September 2020 (the “ Announcements ”) regarding the memorandum of understandings in relation to the proposed acquisitions. Capitalised terms used herein shall have the same meanings as those defined in the Announcements and unless defined otherwise.

The Board wishes to announce that as no Formal Agreement has been entered into between the Group and the Potential Vendor during the Exclusivity Period nor there be an agreement reached in extending the date of entering into the Formal Agreement, the MOU I, MOU II, MOU III, Supplemental MOU I, Supplemental MOU II and Supplemental MOU III (“ MOUs ”) have automatically lapsed and ceased to have any effect. The Board is of the view that the lapse of the MOUs do not have any material impact on the operations or financial position of the Group.

For and on behalf of the Board CHINA FINANCIAL LEASING GROUP LIMITED Liu Hailong Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the board of Directors of the Company comprises Mr. Chiu Wai Lap as executive Director, Mr. Liu Hailong (Chairman), Mr. Liu Yang (Vice Chairman) and Mr. Xiao Shen as non-executive Directors, Mr. Wang Ruiyang, Mr. Lam Wai Tsin and Mr. Luk Chi Shing as independent non-executive Directors.

• For identification purpose only