Fantasia : OVERSEAS REGULATORY ANNOUNCEMENT FURTHER PURCHASE OF SENIOR NOTES

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.

This announcement is for information purposes only, and does not constitute an invitation or solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

Fantasia Holdings Group Co., Limited

花 樣 年 控 股 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1777)

OVERSEAS REGULATORY ANNOUNCEMENT

FURTHER PURCHASE OF SENIOR NOTES

This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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Reference is made to the announcement of the Company dated 12 May 2021 and 13 May 2021 (together, the "Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

The Board wishes to announce that, after the date of the Announcements, the Company further purchased part of the outstanding October 2023 Notes and March 2024 Notes in an aggregate principal amount of approximately US$0.5 million and US$6.5 million respectively, in the open market. As at the date of this announcement, the Company has in the open market purchased (i) part of the outstanding January 2023 Notes in an aggregate principal amount of US$200,000 representing 0.04% of the January 2023 Notes at the time of initial listing; (ii) part of the outstanding October 2023 Notes in an aggregate principal amount of US$2,500,000 representing 1.25% of the October 2023 Notes at the time of initial listing; and (iii) part of the outstanding March 2024 Notes in an aggregate principal amount of US$14,700,000 representing 5.88% of the March 2024 Notes at the time of initial listing. The Company will cancel the repurchased Notes in accordance with the terms of the Notes and indentures.

The Board considers that the purchases of such Notes will reduce the Company's future financial expenses and lower its financial gearing level, and hence are in the interest of the Company and its shareholders as a whole. The Company will continue to monitor the market condition, its financial structure and may further purchase senior notes as and when appropriate.

The Company may or may not purchase any further notes in the future. Noteholders and potential investors should note that any purchase of notes from time to time by the Company will be at the Board's sole and absolute discretion. There is no assurance of the timing, amount or price of any purchase of the notes or whether the Company will make any further purchase at all. Noteholders and potential investors should therefore exercise caution when dealing in the securities of the Company.

By Order of the Board

Fantasia Holdings Group Co., Limited

Pan Jun

Chairman

Hong Kong, 14 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Pan Jun, Ms. Zeng Jie, Baby, Mr. Ke Kasheng, Mr. Zhang Huiming and Mr. Chen Xinyu, the non-executive director of the Company is Mr. Liao Qian, and the independent non-executive directors of the Company are Mr. Ho Man, Ms. Wong Pui Sze, Priscilla, JP and Mr. Guo Shaomu.

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