Sundy Service Group Co. Ltd — Capital/Financing Update 2021

Feb 8, 2021

Unless the context requires otherwise, capitalized terms in this announcement shall have the same meanings as those defined in the prospectus dated 31 December 2020 (the “ Prospectus ”) issued by Sundy Service Group Co. Ltd (the “ Company ”).

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company 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 made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Cap. 571W of the Laws of Hong Kong). This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Offer Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws. There will be no public offer of securities in the United States.

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Sundy Service Group Co. Ltd 宋都服務集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9608)

END OF STABILISATION PERIOD AND LAPSE OF OVER-ALLOTMENT OPTION

The Company announces that the stabilisation period in connection with the Global Offering ended on Saturday, 6 February 2021, being the 30th day after the last day for lodging of applications under the Hong Kong Public Offering.

The Joint Global Coordinators confirmed to the Company that no over-allocation of the Shares was made in the International Placing. The Over-allotment Option had not been exercised by the Joint Global Coordinators (for themselves and on behalf of the International Underwriters) during the stabilisation period and lapsed on Saturday, 6 February 2021. Elstone Securities Limited, as stabilising manager, did not undertake any stabilisation action during the stabilisation period.

The Company announces that the stabilisation period in connection with the Global Offering ended on Saturday, 6 February 2021, being the 30th day after the last day for lodging of applications under the Hong Kong Public Offering.

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The Joint Global Coordinators confirmed to the Company that no over-allocation of the Shares was made in the International Placing. The Over-allotment Option had not been exercised by the Joint Global Coordinators (for themselves and on behalf of the International Underwriters) during the stabilisation period and lapsed on Saturday, 6 February 2021. Elstone Securities Limited, as stabilising manager, did not undertake any stabilisation action during the stabilisation period.

The Company continues to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules whereby no less than 25% of the total number of issued shares of the Company must at all times be held by the public.

By order of the Board Sundy Service Group Co. Ltd Yu Yun Chairman and Executive Director

Hong Kong, 8 February 2021

As at the date of this announcement, the Board comprises Ms. Yu Yun, Ms. Zhu Jin, Mr. Cheng Huayong and Mr. Shen Guangming as executive Directors, and Mr. Zhang Jingzhong, Mr. Xu Rongnian and Mr. Lau Kwok Fai Patrick as independent non-executive Directors.

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