Risecomm Group Holdings Limited — Director's Dealing 2021

Jan 27, 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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RISECOMM GROUP HOLDINGS LIMITED 瑞斯康集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1679)

CLARIFICATION ANNOUNCEMENT REGARDING 2019 ANNUAL RESULTS AND 2020 INTERIM RESULTS — DEVIATION FROM THE MODEL CODE BY AN EXECUTIVE DIRECTOR

Reference is made to (1) the annual results announcement of Risecomm Group Holdings Limited (the ‘‘Company’’) published on 30 March 2020 and the annual report of the Company published on 13 May 2020 for the year ended 31 December 2019 (collectively, the ‘‘2019 Annual Results’’); and (2) the interim results announcement of the Company published on 28 August 2020 and the interim report of the Company published on 24 September 2020 for the six months ended 30 June 2020 (collectively, the ‘‘2020 Interim Results’’).

It was stated in each of the 2019 Annual Results and the 2020 Interim Results that, after specific enquiry made by the Company, all of the directors (the ‘‘Directors’’) of the Company had confirmed that they had complied with the code of conduct regarding Directors’ transactions in securities of the Company adopted by the Company on terms no less exacting than the required standard as set out in the Model Code for Securities Transactions by Directors of Listed Issuers (the ‘‘Model Code’’) as set out in Appendix 10 to the Rules (‘‘Listing Rules’’) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited throughout the year ended 31 December 2019 or, as the case may be, the six months ended 30 June 2020.

The board (the ‘‘Board’’) of Directors wishes to inform the shareholders and potential investors of the Company that, based on the notifications of interests recently made by Mr. Tang Andong, an executive Director, to the Company pursuant to Part XV of the Securities and Futures Ordinance, Mr. Tang had, through an investment holding company in which he controls, purchased a total of 84,497,500 shares of the Company (‘‘Shares’’) and disposed of a total number of 84,497,500 Shares on 143 occasions (collectively, ‘‘Dealings’’) during the period between 18 November 2019 and 16 November 2020 without first notifying in writing the chairman of the Board or any other Director designated by the Board for the purpose of the Model Code and obtaining a dated written acknowledgement prior to such dealing in Shares. Furthermore, (i) 54 of the Dealings took place during the blackout period for the

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publication of the financial results of the Company for the year ended 31 December 2019 (i.e. between 26 January 2020 and 7 May 2020); and (ii) one of the Dealings took place during the blackout period for the publication of the financial results of the Company for the six months ended 30 June 2020 (i.e. between 29 July 2020 and 28 August 2020) (collectively with (i), ‘‘Blackout Period Dealings’’). Therefore, Mr. Tang had breached B.8 of the Model Code in respect of the Dealings, and A.3 of the Model Code in respect of the Blackout Period Dealings.

Save as aforesaid, all information and contents stated in the 2019 Annual Results and the 2020 Interim Results remain unchanged. This clarification announcement is supplemental to and should be read in conjunction with the 2019 Annual Results and the 2020 Interim Results.

The Company will reiterate and remind the Directors from time to time the relevant rules and requirements in relation to Directors’ dealing in securities to ensure the compliance of the Model Code.

By order of the Board Risecomm Group Holdings Limited Cheung Fan Chairman and Non-executive Director

Hong Kong, 27 January 2021

As at the date of this announcement, the executive Directors are Mr. Yue Jingxing, Mr. Tang Andong and Mr. Lau Wai Leung, Alfred, the non-executive Directors are Mr. Wang Shiguang, Mr. Cheung Fan and Ms. Pan Hong and the independent non-executive Directors are Mr. Ong King Keung, Ms. Lo Wan Man and Mr. Zou Heqiang.

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