Huajun International : FURTHER DELAY IN DESPATCH OF CIRCULAR RELATING TO DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO ACQUISITION OF THE ENTIRE EQUITY INTERESTS IN AND DEBT DUE BY HENGLIFENG MALL (DALIAN) CO., LTD* INVOLVING ISSUE OF CONVERTIBLE BOND UNDER SPECIFIC MANDATE

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HUAJUN INTERNATIONAL GROUP LIMITED

華君國際集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 377)

FURTHER DELAY IN DESPATCH OF CIRCULAR RELATING TO

DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO

ACQUISITION OF THE ENTIRE EQUITY INTERESTS IN AND DEBT DUE BY

HENGLIFENG MALL (DALIAN) CO., LTD* INVOLVING

ISSUE OF CONVERTIBLE BOND UNDER SPECIFIC MANDATE

Reference is made to (i) the announcement made by Huajun International Group Limited (the "Company") dated 5 June 2020; and (ii) the delay announcement of the Company dated 10 July 2020 (the "Delay Announcement") (collectively, the "Announcements") in relation to the discloseable and connected transaction in respect of the acquisition of the entire equity interests in and debt due by Henglifeng Mall (Dalian) Co., Ltd* involving issue of Convertible Bond under Specific Mandate. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements unless otherwise stated herein.

As disclosed in the Delay Announcement, a circular of the Company (the "Circular") containing, amongst other things, (i) further information of the Acquisition; (ii) the recommendation of the Independent Board Committee to the Independent Shareholders in relation to the Agreement and the grant of the Specific Mandate; (iii) the advice of the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in relation to the Acquisition, the Agreement and the grant of the Specific

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Mandate; and (iv) notice of the SGM was expected to be despatched to the Shareholders on or before 7 August 2020. As additional time is required for the Company to finalise the information for inclusion in the Circular, the despatch of the Circular will be further delayed to on or before 4 September 2020.

By Order of the Board

Huajun International Group Limited

Tam Ka Lung

Company Secretary

Hong Kong, 7 August 2020

As at the date of this announcement, the Board comprises Mr. Meng Guang Bao, Ms. Zhang Ye, Ms. Huang Xiumei and Ms. Bao Limin as executive Directors; and Mr. Zheng Bailin, Mr. Shen Ruolei and Mr. Pun Chi Ping as independent non-executive Directors.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.

• For identification purposes only

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