Redco Properties Group Limited — Capital/Financing Update 2021

Dec 7, 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.

This announcement is not for distribution, directly or indirectly, in or into the United States. This announcement and the information contained herein does not constitute or form part of an offer to sell securities in the United States. Securities may not be offered or sold in the United States unless registered pursuant to the U.S. Securities Act of 1933, as amended (the “Securities Act”), or pursuant to an applicable exemption from such registration requirement. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about our company and management, as well as financial statements. The securities referred to herein have not been and will not be registered under the Securities Act and no public offering of securities will be made in the United States.

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REDCO PROPERTIES GROUP LIMITED 力高地產集團有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1622)

VOLUNTARY ANNOUNCEMENT CANCELLATION OF PARTIAL REPURCHASED SENIOR NOTES

The announcement is made by Redco Properties Group Limited (the “ Company ”) on a voluntary basis.

Reference is made to the announcement of the Company dated 15 November 2021 (the “ Announcement ”), in relation to the Company’s partial repurchase of its senior notes. Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcement. The 2022 Note I in the aggregate principal amount of US$15,500,000 repurchased by the Company have been cancelled in accordance with the terms of the 2022 Note I.

On behalf of the Board Redco Properties Group Limited Wong Yeuk Hung Chairman

Hong Kong, 7 December 2021

As at the date of this announcement, the executive directors of the Company are Mr. Wong Yeuk Hung JP, Mr. Huang Ruoqing and Mr. Tang Chengyong; and the independent non-executive directors of the Company are Mr. Chau On Ta Yuen SBS,BBS, Dr. Tam Kam Kau GBS, SBS, JP and Mr. Yip Tai Him.