Web3 Meta Limited — Capital/Financing Update 2021

Jun 1, 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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.

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MILLION STARS HOLDINGS LIMITED 萬星控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8093)

DELAY IN COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Million Stars Holdings Limited (the ‘‘Company’’) dated 28 April 2021 (the ‘‘Announcement’’) in relation to the subscription of new shares under general mandate. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise specified.

Pursuant to the terms of the Subscription Agreement A and Subscription Agreement B (collectively referred as ‘‘Subscription Agreements’’), Completion shall take place on or before 2 June 2021.

The conditions precedent to the Subscription Agreements were fulfilled before 31 May 2021, however, the Subscriber A and Subscriber B informed the Board that they need more time to arrange funding for the Subscription. As such, each of the Subscriber A and Subscriber B and the Company entered into supplemental agreement respectively pursuant to which Subscriber A and Subscriber B and the Company agree that Completion shall take place on or before 30 June 2021.

Save for the above, the terms and conditions of the Subscription Agreements remain unchanged in all respects. The Company will make further announcement(s) to update Shareholders as to the status of Completion as and when appropriate.

By Order of the Board Million Stars Holdings Limited Zhu Yongjun Chairman and Chief Executive Officer

Hong Kong, 1 June 2021

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As at the date hereof, the Board comprises Mr. Zhu Yongjun and Ms. Tian Yuan as executive Directors; and Mr. Chen Ce, Ms. Jiang Ying and Ms. Zhu Minli as independent nonexecutive Directors.

This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited 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 the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at http://www.hkgem.com on the ‘‘Latest Company Announcements’’ page for at least 7 days from the day of its publication and on the website of the Company at http://www.millionstars.hk.

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