WS-SK Target Group Limited — Share Issue/Capital Change 2021

Aug 19, 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.

SK TARGET GROUP LIMITED 瑞強集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8427)

CLARIFICATION ANNOUNCEMENT IN RELATION TO PROPOSED ISSUE OF NEW SHARES TO INDEPENDENT SUBSCRIBER UNDER GENERAL MANDATE

Reference is made to the announcement of SK Target Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) dated 18 August 2021 in relation to the Subscription (the “ Announcement ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement.

The Company would like to clarify an inadvertent typographical error on page 5 of the Announcement, in relation to the maximum number of Shares that can be issued under the General Mandate. The Board wishes to clarify that the Company is authorized to issue up to 137,640,000 Old Shares under the General Mandate.

Shareholders and potential investors should note that completion of the Subscription is subject to fulfilment of the conditions under the Subscription Agreement. As the Subscription may or may not proceed, Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board SK Target Group Limited Loh Swee Keong Chairman and Executive Director

Hong Kong, 19 August 2021

• 1 -

As at the date of this announcement, the Board comprises one Executive Director, namely, Mr. Loh Swee Keong and three Independent Non-executive Directors, namely, Mr. Yau Ka Hei, Mr. Chu Kin Ming and Mr. Ma, She Shing Albert.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules 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 “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and on the website of the Company at www.targetprecast.com.

• 2 -