Space Group Holdings Limited — Board/Management Information 2021

Jul 2, 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.

==> picture [50 x 63] intentionally omitted <==

Space Group Holdings Limited 恆宇集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2448)

VOLUNTARY ANNOUNCEMENT OF (1) ADDITION OF BRANCHES IN CHINA (2) APPOINTMENT OF TWO SENIOR MANAGEMENT

This announcement is made by Space Group Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis to provide the shareholders (the “ Shareholders ”) and potential investors of the Company with information on the latest business development of the Group.

The board of directors (the “ Board ”) of the Group hereby announces that the Group is actively moving forward into the financial services industry in the Greater Bay Area. In addition to holding SFC type 1, 4 and 9 licenses in Hong Kong, which allows the Group to conduct securities trading, investment advice and asset management services, the Group has also applied to the Zhuhai Financial Work Bureau (珠海市金融工作局) for a Qualified Foreign Limited Partner (QFLP) license. The Group has gone through the preliminary procedures with the relevant authorities already, and has also set up the headquarter and different business locations in the Greater Bay Area, as well as appointed two senior management of the Group to commence the development plan in China at a full speed.

ADDITION OF BRANCHES IN CHINA

The Group has recently set up its China headquarter in Hengqin, Zhuhai, which is located on the top floor of the North Tower of Poly International Plaza, a super grade A commercial building in the area. The Group has also set up branches in Shanxi, and plans to set up in Guangdong, Shanghai, Fujian and Hainan to expand its financial business across the country and demonstrate the Group’s determination to develop in its financial services business in China.

The Board believes that under the current government policies, the Greater Bay Area is expected to become an important pillar of China’s economic growth and a world-class urban agglomeration in the next decade, with great development potential. Taking this momentum into consideration, the Group has set up branches in Guangdong, Hong Kong, Macau and

– 1 –

other regions, and is committed to seizing the opportunities of financial interconnection in the Greater Bay Area. Under the leadership of its professional management team, the Group will diversify its business scope, and further expand its source of income, and strive to become one of the influential financial groups in the region.

APPOINTMENT OF TWO SENIOR MANAGEMENT

(I) Managing Director of China (Headquarter)

Mr. Lok Wai Tak (“ Mr. Lok ”) is currently a director of Space Financial Holdings Limited (“ Space Financial ”), and is appointed as the managing director of Space Financial in China now. Mr. Lok is an active politician and businessman in Macau. He has engaged in properties and finance industries for 47 years with extensive connections in the local financial and property sectors. He is a member of the Election Committee of the Chief Executive of the Macau Special Administrative Region (“ SAR ”), a member of the Election Committee of the Thirteenth National People’s Congress (“ NPC ”) of Macau, a member of Standing Committee of the Shanxi Provincial Committee of the Chinese People’s Political Consultative Conference (“ CPPCC ”), the president of the Associação Comercial de Fomento Predial de Macau, the president of Macau-Shanxi Economic and Trade Association, and the chairman of The International Real Estate Federation-China Macau Chapter.

(II) Managing Director of Shanxi Branch

Mr. Cheong Chio Kit (“ Mr. Cheong ”) is currently a director of Space Financial and is appointed as the managing director of Shanxi Space Capital Limited.

Mr. Cheong, aged 36, currently is a CPPCC Shanxi Provincial Consultant, a member of the Standing Committee of Shanxi Federation of Industry and Commerce, vice president of Shanxi Economic & Trade Friendship Promotion Association, and a director of Shanxi Province Overseas Friendship Association. He had previously invested in or held middle to senior management positions at various Macau-based companies, where he has accumulated over 13 years of experience in investment and corporate management. He joined us on 15 October 2020 and is mainly responsible for management of capital investment business of the Group. Mr. Cheong holds a master’s degree in business administration from the European University.

By order of the Board Space Group Holdings Limited Che Chan U Chairman

Hong Kong, 2 July 2021

As at the date of this announcement, the Board comprises Mr. Che Chan U, Ms. Lei Soi Kun and Mr. Ho Kwong Yu as executive Directors; and Mr. Fan Chun Wah, Andrew, Mr. Eulógio dos Remédios, José António and Ms. Leong Iat Lun as independent non-executive Directors.

– 2 –