Huabang Financial : UPDATE ANNOUNCEMENT IN RELATION TO THE ACQUISITION OF PROPERTY – GRANT OF WAIVER UNDER RULE 14.41(a) OF THE LISTING RULES

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3638)

UPDATE ANNOUNCEMENT IN RELATION TO THE ACQUISITION OF

PROPERTY - GRANT OF WAIVER UNDER RULE 14.41(a) OF THE

LISTING RULES

Reference is made to the announcement of Huabang Financial Holdings Limited ("Company") dated 20 December 2017 ("Announcement") in relation to the proposed acquisition of property, which constitutes a major transaction of the Company under Chapter 14 of the Listing Rules. Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 14.41(a) of the Listing Rules, as the Acquisition was approved by way of written shareholders' approval from Forever Star Capital Limited, the Company is required to despatch a circular ("Circular") containing, among other things, further details of the Acquisition to the Shareholders within 15 business days after publication of the Announcement, which is on or before 15 January 2018. As additional time is required for the Company to prepare and collate information required to be presented in the Circular under the Listing Rules, including, inter alia, the valuation report on the Property, the Company had applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules ("Waiver") in order to allow sufficient time for the Company's preparation of the above information.

On 9 January 2018, the Stock Exchange granted the Waiver to the Company on the basis that the Company will despatch the Circular on or before 28 February 2018. The Stock Exchange may withdraw or change the Waiver if the situation of the Company changes, in which case further announcement(s) will be made by the Company.

By Order of the Board

Huabang Financial Holdings Limited

George Lu

Chairman & Chief Executive Officer

Hong Kong, 9 January 2018

As at the date of this announcement, the Executive Directors of the Company are Mr. George Lu, Mr. Lau Wan Po, Mr. Pang Chung Fai Benny and Ms. Lau Wing Sze; and the independent Non-Executive

Directors of the Company are Mr. Loo Hong Shing, Vincent, Mr. Shin Yick Fabian, Mr. Mu Binrui and Mr. Lam Allan Loc.