WH Group Limited — Capital/Financing Update 2018

Mar 29, 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)

COMPLETION OF THE ACQUISITION OF 10% OF THE ISSUED SHARE CAPITAL OF YOTA INVOLVING AN ISSUE OF CONSIDERATION SHARES UNDER GENERAL MANDATE

References are made to the announcement of China Baoli Technologies Holdings Limited (the “ Company ”) dated 9 February 2018 (the “ Announcement ”) and the announcement of the Company dated 9 March 2018 in relation to the acquisition of 10% of the issued share capital of Yota involving an issue of consideration shares under general mandate. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that all the Conditions have been fulfilled and the Acquisition was completed on 29 March 2018 (i.e. the Completion Date). On the Completion Date, the Purchaser acquired 10% of the issued share capital of Yota, and the equity stake of the Group in Yota increased from 30% to 40% upon Completion.

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As part of the payment of the Consideration, the Purchaser procured the allotment and issue of 593,246,187 First Tranche Consideration Shares, representing 1.68% of the issued share capital of the Company as enlarged by the allotment and issue of such Shares, to the Vendor at the Completion Share Price of HK$0.1377 per Share.

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

Hong Kong, 29 March 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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