Prime Intelligence Solutions Group Limited — Major Shareholding Notification 2021

Mar 1, 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.

PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 匯安智能科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 08379)

INSIDE INFORMATION DISPOSAL OF SHARES BY THE CONTROLLING SHAREHOLDER

This announcement is made by Prime Intelligence Solutions Group Limited (the ‘‘Company’’) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on GEM (the ‘‘GEM Listing Rules’’) of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and the Inside Information Provisions (as defined in the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

The Company was informed by Delighting View Global Limited (‘‘Delighting View’’), the controlling shareholder (as defined under the GEM Listing Rules) of the Company, which holds 366,000,000 shares of the Company (the ‘‘Shares’’) (representing 45.75% of the total issued Shares as of the date of this announcement), that on 25 February 2021, Delighting View entered into a sale and purchase agreement (the ‘‘SPA’’) with an independent third party (the ‘‘Purchaser’’), pursuant to which Delighting View conditionally agreed to sell, and the Purchaser conditionally agreed to purchase, Shares carrying 20.0% of the voting rights of the total issued Shares, equivalent to 160,000,000 Shares as of the date of this announcement (the ‘‘Transaction’’) at a consideration of HK$25,355,000 (representing approximately HK$0.1585 per Share). To the best knowledge of the Directors, having made all reasonable enquiries, the Purchaser and its ultimate beneficial owner(s) are independent of and not a connected person (as defined in the GEM Listing Rules) of the Company. Pursuant to the terms and conditions of the SPA, this Transaction shall be completed on or before 30 June 2021 and is subject to fulfilment or waiver (as the case may be) of the condition precedent set out in the SPA.

Upon completion of the Transaction, Delighting View shall hold 206,000,000 Shares, representing 25.75% of the issued share capital of the Company. As a result, Delighting View will cease to be the controlling shareholder (as defined under the GEM Listing Rules) of the Company but will remain as the single largest shareholder of the Company.

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The completion of the Transaction is subject to fulfilment or waiver (as the case may be) of the condition precedent set out in the SPA, and the Transaction may or may not proceed. Shareholders and other investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board Prime Intelligence Solutions Group Limited 匯安 智能科 技集團有限 公 司 Yuen Kwok Wai, Tony Chairman

Hong Kong, 1 March 2021

As at the date of this announcement, the executive Directors are Mr. Yuen Kwok Wai, Tony, Ms. Yuen Mei Ling, Pauline, Ms. Sun Ngai Chu, Danielle and Mr. Mui Pak Kuen; the nonexecutive Director is Mr. Yam Chiu Fan, Joseph; and the independent non-executive Directors are Mr. Hui Man Ho, Ivan, Mr. Chung Billy and Mr. Poon Wai Hung Richard.

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 beliefs 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 Company Announcement’’ page of the GEM website at www.hkgem.com for at least seven days from the date of its publication. This announcement will also be published and on the Company’s website at www.primeintelligence.com.hk.

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