Time Interconnect Technology Limited — M&A Activity 2021

Aug 31, 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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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1729)

COMPLETION OF DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF THE TARGET COMPANY

References are made to the announcements dated 31 May 2021 and 15 July 2021 of Time Interconnect Technology Limited (the “ Company ”) and the circular of the Company dated 22 June 2021 (the “ Circular ”) in relation to, among others, the acquisition by Time Interconnect Investment Limited, a direct wholly-owned subsidiary of the Company, of the entire issued share capital of GP Industries Marketing Limited (金山工業貿易有限公司) (the “ Target Company ”, together with its subsidiaries upon completion of the reorganisation, the “ Target Group ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Circular.

The Board is pleased to announce that all the conditions precedent as set out in the S&P Agreement have been satisfied and Completion took place on 31 August 2021 (the “ Completion Date ”). Upon Completion and on the Completion Date, the Target Company became an indirect wholly-owned subsidiary of the Company.

By order of the Board

Time Interconnect Technology Limited Cua Tin Yin Simon

Executive Director and Chief Executive Officer

Hong Kong, 31 August 2021

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Cua Tin Yin Simon and Mr. Wong Chi Kuen, one non-executive Director, namely Mr. Lo Chung Wai Paul and three independent nonexecutive Directors, namely Mr. Ho Hin Shun, Mr. Luk Wai Shing and Mr. Chan Chung Shun Eric.