WH Group Limited — Capital/Financing Update 2018

Jul 9, 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.

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

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China Baoli Technologies Holdings Limited 中國寶力科技控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 164)

UPDATE ANNOUNCEMENT IN RELATION TO (I) VERY SUBSTANTIAL ACQUISITION AND EXEMPT CONNECTED TRANSACTION; AND (II) ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE

Reference is made to the announcement of China Baoli Technologies Holdings Limited (the “ Company ”) dated 5 July 2018 (the “ Announcement ”) in relation to the Acquisition. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

As set out in the Announcement, the Listing Department informed the Company that based on the information provided, it has made a ruling in its decision letter dated 27 June 2018 that the Acquisition constitutes a reverse takeover and an attempt to achieve a listing of the Target Company and a means to circumvent the new listing requirements under Rule 14.06(6) of the Listing Rules.

The Company submitted the Review Application to the Listing Committee on 9 July 2018 to have the Ruling reviewed by the Listing Committee pursuant to Rule 2B.06(1) of the Listing Rules.

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The Company will publish further announcements to keep the Shareholders informed of the results of the Review Application.

Completion of the Acquisition is subject to the satisfaction or waiver (as applicable) of a number of conditions, which may or may not be fulfilled. Furthermore, subject to the results of the Review Application, the Acquisition may or may not be proceeded. The Shareholders and potential investors should exercise caution when they deal or contemplate dealing in the Shares or other securities of the Company.

By order of the Board China Baoli Technologies Holdings Limited Zhang Yi Chairman

Hong Kong, 9 July 2018

As at the date of this announcement, the executive Directors are Mr. Zhang Yi (Chairman), Ms. Chu Wei Ning (Chief Executive Officer), Mr. Yeung Chun Wai, Anthony and Mr. Wong King Shiu, Daniel; and the independent non-executive Directors are Mr. Chan Chi Yuen, Mr. Chan Kee Huen, Michael, Mr. Han Chunjian and Mr. Wong Hoi Kuen.

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