Virtual Mind Holding Company Limited — M&A Activity 2021

Jun 7, 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 [86 x 86] intentionally omitted <==

CEFC Hong Kong Financial Investment Company Limited 香港華信金融投資有限公司

(incorporated in the Cayman Islands with limited liability) (Stock Code: 1520)

INSIDE INFORMATION ANNOUNCEMENT AND

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

This announcement is made by CEFC Hong Kong Financial Investment Company Limited (the “ Company ”) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), pursuant to Rule 13.09 and Rule 13.25(1)(b) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Rule 3.7 of The Codes on Takeovers and Mergers and Share Buy-backs.

Reference is made to the Company’s announcements (i) dated 15 June 2020 relating to the winding up petition made by the Petitioner; (ii) dated 12 August 2020 relating to the update on the Petition; and (iii) dated 11 September 2020, 9 October 2020, 9 November 2020, 9 December 2020, 8 January 2021, 8 February 2021, 8 March 2021, 8 April 2021 and 7 May 2021 of the respective monthly updates (collectively, the “ Announcements ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

– 1 –

POTENTIAL UNDERWRITING OF THE TARGET SHARES OF THE CONTROLLING SHAREHOLDER

The Company wishes to update the shareholders and potential investors of the Company that:

After the close of business on 4 June 2021, the Company was informed by the Liquidators that the Liquidators have been approached by a licensed corporation to act as an underwriter to the Controlling Shareholder, on a fully underwritten basis, the disposal of the Target Shares (the “ Potential Underwriting ”) and the parties are currently in advanced discussion on the matter. As at the date of this announcement, the Liquidators have not been made aware of any mandatory general offer implications on the part of the underwriter and/or the possible investor(s), if any, at this juncture.

Warnings: The discussions in relation to the Target Shares or Possible Transaction are yet to be finalised. There is no assurance that the Potential Underwriting mentioned in this announcement will materialize or eventually be consummated and the discussion in relation to the Potential Underwriting may or may not result in any mandatory general offer obligations being triggered, and the discussion in relation to the Target Shares may or may not result in the Possible Transaction, and shall not be construed as a firm intention to make an offer under Rule 3.5 of the Takeovers Code. Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company, and if they are in any doubt about their position, they should consult their professional adviser(s).

By order of the Board CEFC Hong Kong Financial Investment Company Limited Tin Yat Yu Carol

Chairman and Executive Director

Hong Kong, 7 June 2021

As at the date of this announcement, the executive directors of the Company are Ms. Tin Yat Yu Carol and Mr. Cheung Ka Lung; and the independent non-executive directors of the Company are Mr. Tang Shu Pui Simon, Mr. Hon Ming Sang and Ms. Lo Wing Sze JP.

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statements in this announcement misleading.

– 2 –