U Banquet : FURTHER EXTENSION OF EXCLUSIVITY PERIOD IN RELATION TO THE MEMORANDUM OF UNDERSTANDING IN THE PROPOSED CAPITAL INJECTION INTO GEFENG ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD.*

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.

U BANQUET GROUP HOLDING LIMITED ᚑ࢖ණྠછٰϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1483)

FURTHER EXTENSION OF EXCLUSIVITY PERIOD

IN RELATION TO THE MEMORANDUM OF UNDERSTANDING IN THE PROPOSED CAPITAL INJECTION INTO GEFENG ENVIRONMENTAL

PROTECTION TECHNOLOGY CO., LTD.*

This announcement is made by the U Banquet Group Holding Limited (the "Company") on a voluntary basis.

Reference is made to the announcements of the Company dated 21 April 2017 (the "Announcement") and dated 20 October 2017 in relation to, among others, the proposed capital injection into the Gefeng Environmental Protection Technology Co., Ltd*. (the "Target Company"). Unless otherwise specified, capitalised terms in this announcement have the same meanings as those defined in the Announcement.

As disclosed in the announcement dated 20 October 2017, the Company, the Target Company and Dr. Feng agreed to extend the Exclusivity Period for a further three-month by way of entering into the supplemental agreement to the MOU. As of the date of this announcement, the parties are still in the course of negotiating the definitive terms and conditions of the Formal Agreement. As such, on 20 January 2018 (after trading hours), the parties to the MOU entered into a second supplemental agreement to the MOU (the "Second Supplemental Agreement") pursuant to which the parties have agreed to, among others, further extend the Exclusivity Period for a further six-month in order to allow additional time for the negotiation process. Upon execution of the Second Supplemental Agreement, the Exclusivity Period shall become the fifteen-month period from the date of the MOU.

Save for the Exclusivity Period and the consequential amendments relating thereto, other terms and conditions of the MOU shall remain in full force and effect.

SHAREHOLDERS AND POTENTIAL INVESTORS SHOULD NOTE THAT THE PROPOSED CAPITAL INJECTION CONTEMPLATED UNDER THE MOU MAY OR MAY NOT BE COMPLETED. THERE IS THEREFORE NO ASSURANCE THAT THE PROPOSED CAPITAL INJECTION WILL PROCEED. SHAREHOLDERS AND POTENTIAL INVESTORS ARE REMINDED TO EXERCISE CAUTION WHEN DEALING IN THE SECURITIES OF THE COMPANY.

By Order of the Board

U Banquet Group Holding Limited

Sang Kangqiao Chairman and Executive Director

Hong Kong, 20 January 2018

As at the date of this Announcement, the Executive Directors are Mr. Sang Kangqiao, Mr. Xu Wenze and Mr. Cui Peng; the Independent Non-executive Directors are

Mr. Xu Zhihao, Mr. Lam Ka Tak and Ms. Liu Yan.

* for identification purposes only