Minshang Creative Technology Holdings Limited — Capital/Financing Update 2018

May 10, 2018

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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FOOD WISE HOLDINGS LIMITED 膳源控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1632)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the joint announcement (the “ Joint Announcement ”) issued by the Company and MSEC Holdings Limited (the “ Purchaser ” or the “ Offeror ”) dated 4 May 2018 in relation to, among other things, (1) the conditional agreement in relation to the acquisition of shares of the Company by the Purchaser; and (2) possible unconditional mandatory cash offer by Oceanwide Securities Limited for and on behalf of the Offeror to acquire all the issued shares of the Company (other than those already owned by or agreed to be acquired by the Offeror and the parties acting in concert with it). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Joint Announcement.

The board (the “ Board ”) of directors (the “ Directors ”) of the Company hereby announces that Vinco Capital Limited (the “ Independent Financial Adviser ”), a corporation licensed to carry out Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the SFO, has been appointed as the independent financial adviser to advise the Independent Board Committee and/or the Offer Shareholders in relation to the Offer. The appointment of the Independent Financial Adviser has been approved by the Independent Board Committee pursuant to Rule 2.1 of the Takeovers Code.

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The letter of advice of Independent Financial Adviser and the recommendations of the Independent Board Committee in respect of the Offer will be included in the Composite Document to be despatched jointly by the Company and the Offeror to the shareholders of the Company.

By Order of the Board

FOOD WISE HOLDINGS LIMITED

Wong Che Kin

Chairman, Executive Director and Chief Executive Officer

Hong Kong, 10 May 2018

As at the date of this announcement, the executive directors of the Company are Mr. Wong Che Kin (Chairman) and Ms. Wong Chui Ha Iris, the non-executive Director is Mr. Cheung Wai Chi, and the independent non-executive directors of the Company are Mr. Cheung Yui Kai Warren, Prof. Lai Kin Keung and Mr. Lui Hong Peace.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, 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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