Sunray Engineering Group Limited — Capital/Financing Update 2021

Jun 30, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) 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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Sunray Engineering Group Limited 新威工程集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8616)

COMPLETION OF MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF THE PROPERTY

References are made to the announcements of Sunray Engineering Group Limited (the “ Company ”) dated 15 April 2021 and 6 May 2021 and the circular of the Company dated 26 May 2021 (the “ Circular ”) in relation to the acquisition of a property in Hong Kong. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the Completion took place on 30 June 2021. A sum of HK$38,700,000, being the balance of the Consideration, has been paid by the Purchaser (an indirect wholly-owned subsidiary of the Company) to the Vendor on 30 June 2021 in accordance with the terms and conditions of the Formal Agreement.

By order of the Board Sunray Engineering Group Limited Lam Ka Wing

Chairman and Executive Director

Hong Kong, 30 June 2021

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As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Lam Ka Wing and Ms. Wong Pui Yee Edith; and three independent non-executive Directors, namely Ms. Cho Mei Ting, Mr. Ho Ka Kit and Mr. Ng Kwun Wan.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules 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 belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive; and (2) 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 Listed Company Information” page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and on the Company’s website at www.sunray.com.hk.

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