CNQC International : ANNOUNCEMENT EXTENSION OF EXCLUSIVITY PERIOD IN RELATION TO TERM SHEETS RELATING TO THE POSSIBLE ACQUISITION OF EQUITY INTEREST IN VIVOCOM INTL HOLDINGS BERHAD (

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CNQC INTERNATIONAL HOLDINGS LIMITED 青 建 國 際 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1240)

ANNOUNCEMENT

EXTENSION OF EXCLUSIVITY PERIOD

IN RELATION TO TERM SHEETS RELATING TO

THE POSSIBLE ACQUISITION OF

EQUITY INTEREST IN VIVOCOM INTL HOLDINGS BERHAD

This announcement is made by CNQC International Holdings Limited (the ''Company'') pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities (the ''Listing Rules'') on The Stock Exchange of Hong Kong Limited and the Inside Information Provision (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 15 October 2017 (the ''Announcement'') in relation to the Term Sheets entered into between the Company and the Possible Vendors on 13 October 2017 regarding the Possible Acquisition. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, pursuant to the Term Sheets, the parties have agreed that, among others, during the period of 90 days from the date of the respective Term Sheet (the ''Exclusivity Period''), the Possible Vendors and the Target shall not initiate, solicit or enter into negotiations with any parties other than the Company in respect of the Possible Acquisition. The Board wishes to announce that the Company and the Possible Vendors have agreed to extend the Exclusivity Period to end on 25 January 2018 (the ''Extension''). Save for the Extension, all the terms of the Term Sheets shall remain unchanged and continue in full force and effect.

Up to the date of this announcement, no binding agreement has been entered into between the Company and the Possible Vendors in respect of the Possible Acquisition. The Board wishes to emphasise that the Term Sheets, save for the provisions therein relating to exclusivity, confidentiality, expenses and governing law, are not legally binding and the Possible Acquisition may or may not proceed. If the Possible Acquisition is materialised, it may constitute a notifiable transaction on the part of the Company pursuant to the Listing Rules. Shareholders and investors of the Company are urged to exercise caution when dealing in the securities of the Company. Further announcement in respect of the Possible Acquisition will be made by the Company as and when appropriate in compliance with the Listing Rules.

By Order of the Board

CNQC International Holdings Limited

Mr. Cheng Wing On, Michael

Chairman

Hong Kong, 11 January 2018

As at the date of this announcement, the Board comprises (i) five executive Directors, namely Mr. Cheng Wing On, Michael (Chairman), Mr. Wang Congyuan, Mr. Ho Chi Ling, Mr. Zhang Yuqiang and Mr. Wang Linxuan; (ii) three non-executive Directors, namely Dr. Sun Huiye, Mr. Wang Xianmao and Mr. Chen Anhua; and (iii) four independent non-executive Directors, namely Mr. Chuck Winston Calptor, Mr. Ching Kwok Hoo, Pedro, Mr. Tam Tak Kei, Raymond and Mr. Chan Kok Chung, Johnny.