Value Convergence Holdings Limited — M&A Activity 2018

Nov 30, 2018

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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VALUE CONVERGENCE HOLDINGS LIMITED (Incorporated in Hong Kong with limited liability) Website: http://www.vcgroup.com.hk (Stock Code: 821)

FURTHER EXTENSION OF LONG STOP DATE OF MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF THE 100% EQUITY INTEREST IN BRIGHT ELEMENT INVESTMENTS LIMITED

References are made to the circular dated 26 September 2018 (the “ Circular ”) and the announcement dated 31 October 2018 (the “ Extension Announcement ”) of Value Convergence Holdings Limited (the “ Company ”), in relation to the Acquisition. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise defined herein.

Pursuant to the Extension Announcement, the parties to the Agreement have agreed to extend the Long Stop Date to 30 November 2018.

Additional time is required for the fulfillment (or waiver, as appropriate) of the conditions precedent for the Completion, on 30 November 2018, the Vendor and the Purchaser has entered into the second supplemental agreement to the Agreement to amend and extend the Long Stop Date to 31 December 2018 or such later date as the Vendor and the Purchaser may agree in writing.

Save as disclosed above, the terms and conditions of the Agreement remain unchanged.

By order of the Board of Value Convergence Holdings Limited Fu Yiu Man Chairman and Executive Director

Hong Kong, 30 November 2018

As at the date of this announcement, the board of Directors comprises seven executive Directors, namely, Mr. Fu Yiu Man (Chairman), Mr. Tin Ka Pak, Timmy (Chief Executive Officer), Mr. Lin Hoi Kwong, Aristo, Mr. Xie Jintai, Mr. Zhang Min, Mr. Jiang Tian and Ms. Lu Mengia; and four independent non-executive Directors, namely, Mr. Wong Chung Kin, Quentin, Mr. Wong Kam Choi, Kerry, MH, Mr. Siu Miu Man, Simon and Mr. Chiang Ho Wai.