Weiye Holdings Limited — M&A Activity 2021

Dec 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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CHINA TANGSHANG HOLDINGS LIMITED 中 國 唐 商 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 674)

FURTHER EXTENSION OF LONG STOP DATE FOR THE COMPLETION OF THE VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF THE TARGET COMPANY

Reference is made to (1) the announcement of China Tangshang Holdings Limited (the “ Company ”) dated 30 July 2021, (2) the circular (the “ Circular ”) of the Company dated 30 September 2021, (3) the poll results announcement of the Company dated 20 October 2021 and (4) the extension of long stop date announcement of the Company dated 29 October 2021 (the “ Announcement ”), each in relation to the Acquisition. Capitalised terms used in this announcement shall have the same meanings as defined in the Circular and the Announcement unless the context requires otherwise.

As disclosed in the Announcement, on 29 October 2021, the Company and Shenzhen Yaoling agreed in writing to extend the Long Stop Date from 31 October 2021 to 31 December 2021 (or such other date as the parties may agree in writing).

As additional time is required for the fulfillment of the conditions precedent to the Equity Sale and Purchase Agreement, on 31 December 2021, the Company and Shenzhen Yaoling agreed in writing to further extend the Long Stop Date from 31 December 2021 to 31 January 2022 (or such other date as the parties may agree in writing).

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Save for the aforesaid extension of the Long Stop Date, the other terms and conditions of the Equity Sale and Purchase Agreement remain unchanged and continue in full force and effect. Further announcement will be made by the Company upon Completion.

By Order of the Board China Tangshang Holdings Limited Chen Weiwu Chairman

Hong Kong, 31 December 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Chen Weiwu (Chairman), Mr. Zhou Houjie and Mr. Jiang Ruowenhao; and the independent non-executive Directors of the Company are Mr. Chen Youchun, Ms. Lui Mei Ka and Mr. Zhou Xin.

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