Freeman FinTech : DELAY IN DESPATCH OF INTERIM REPORT AND CONTINUED SUSPENSION OF TRADING

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.

FREEMAN FINTECH CORPORATION LIMITED

民 眾 金 融 科 技 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 279)

DELAY IN DESPATCH OF INTERIM REPORT

AND

CONTINUED SUSPENSION OF TRADING

References are made to (i) the announcement of Freeman FinTech Corporation Limited (the "Company") dated 17 November 2019 in relation to the fact the Company was not able to receive the relevant financial information of Wins Finance due to the uncertain recoverability of the Product, (ii) the announcement of the Company dated 29 November 2019 in relation to, among other things, the delay in publication of the interim results of the Company for the six months ended 30 September 2019; and (iii) the announcement of the Company dated 20 December 2019 in relation to, among other things, an update on the delay in publication of the interim results of the Company for the six months ended 30 September 2019 (the "Latest Announcements"). Unless otherwise stated herein, capitalised terms used herein have the same meanings as ascribed to those terms in the Latest Announcements.

DELAY IN DESPATCH OF INTERIM REPORT

As set out in the Latest Announcements, the Board of the Company has set up the Investigation Committee to investigate into the affairs relating to the Products, including without limitation the status and terms of redemption of the Subject Product. As at the date of this announcement, whilst the Investigation Committee has continued to be actively investigating into the affairs in respect of the Products, there is still significant uncertainty with respect to the redemption of the Subject Product or the return of the underlying investment portfolios of the Subject Product, the Company is therefore unable to send to the Shareholders the interim report for the six months ended 30 September 2019 (the "Interim Report") by the end of December 2019 pursuant to Rule 13.48(1) of the Listing Rules.

It is currently expected that the Interim Report will be published on or about 20 January 2020.

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CONTINUED SUSPENSION OF TRADING

As a result of the delay in publication of the Interim Results and the requirements of Rule 13.50 of the Listing Rules, the Company has applied for the suspension of trading in the shares of the Company on The Stock Exchange of Hong Kong Limited with effect from 9:00 a.m. on 2 December 2019, and will remain suspended pending the publication of the Interim Results. The Company will publish further announcement(s) to inform the Shareholders and potential investors any material developments in connection with the Interim Results and the Interim Report as and when appropriate.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

Freeman FinTech Corporation Limited

Ye Ye

Chairman

Hong Kong, 31 December 2019

As at the date of this announcement, the Board comprises the following Directors:-

Executive Directors:	Independent Non-executive Directors:
Mr. Ye Ye (Chairman)	Mr. An Dong
Mr. Wong Xiang Hong (Chief Executive Officer)	Mr. Fung Tze Wa
Mr. Pun Hong Hai (Chief Operating Officer)	Mr. Wu Keli
Mr. Yang Haoying

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