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.

Steering Holdings Limited

旭 通 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1826)

INSIDE INFORMATION

APPLICATION FOR INJUNCTION

This announcement is made by Steering Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the inside information provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 4 May 2021 in relation to, among other things, the dispute between Gentle Soar Limited and CMBC Capital Finance Limited (the ''Announcement''). Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless the context otherwise requires.

The Board has been notified that, on 4 May 2021, Gentle Soar applied to the High Court of Hong Kong (the ''Court'') for an injunctive relief against (1) CMBC and Masterveyor to restrain them from completing the sale of the Subject Shares; and (2) Masterveyor to restrain it from, among others, dealing with and/or exercising the voting rights attached to the Subject Shares (the ''Injunction Application''). The Injunction Application will be heard before the Court on 7 May 2021.

The Company will keep its shareholders and potential investors informed of the progress of the relevant legal proceedings by publishing further announcements as and when appropriate in compliance with the Listing Rules.

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

By order of the Board

Steering Holdings Limited

Gao Yunhong

Non-executive Director

Hong Kong, 4 May 2021

As at the date of this announcement, the executive Director is Ms. Feng Xuelian and the non-executive Director is Mr. Gao Yunhong.

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FDB Holdings Ltd. published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 13:34:08 UTC.