FDG Kinetic : SUPPLEMENTAL NOTICE OF ADJOURNED ANNUAL GENERAL MEETING

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FDG Kinetic Limited

五龍動力有限公司

(Receivers and Managers Appointed)

(Incorporated in Bermuda with limited liability)

(Stock Code: 378)

SUPPLEMENTAL NOTICE OF

ADJOURNED ANNUAL GENERAL MEETING

Reference is made to the notice of the annual general meeting of FDG Kinetic Limited (Receivers and Managers Appointed) (the "Company") dated 29 December 2020 (the "AGM Notice"), and the announcements of the Company dated 6 April 2021, 9 April 2021 and 15 April 2021 (the "Announcements").

NOTICE IS HEREBY GIVEN that the adjourned annual general meeting of the Company will be held at Regus Conference Centre, 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong on Friday, 30 April 2021 at 11:00 a.m. and the resolution no.2 set out in the AGM Notice be replaced by the following resolutions no.2(A) and no.2(B):

2(A). (i) To re-elect Mr. Toh Hock Ghim as independent non-executive director.

1. To re-elect Ms. Vera Yue as independent non-executive director.
2. To elect Ms. Tse Ka Wing as independent non-executive director.
3. To elect Mr. Lo Kon Ki as independent non-executive director.
4. To elect Mr. Chang Sun Bun Benson as independent non-executive director.
5. To elect Mr. Wong Siu Hung Patrick as executive director.

2(B). To authorise the board of directors to fix the directors' remuneration until the conclusion of the next annual general meeting.

For the purposes of resolution no. 2(A) above, in accordance with the Bermuda Court Orders (as defined in the Announcements), there are three vacancies arising from the retirement of three of the directors pursuant to bye-laws 87 and 88 of the bye-laws of the Company. As there are more than three candidates standing for election at the adjourned annual general meeting, each resolution proposing that a candidate be appointed as a director of the Company will provide for a method to determine which candidate shall be elected as director as follows:

"THAT subject to the number of net votes cast in relation to this resolution (net votes being votes cast in favour minus votes cast against this resolution) being among one of the highest

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three number of net votes cast on each of the resolutions for the appointment of a person as executive/independent non-executive director (as the case may be) of the Company at the adjourned annual general meeting to be held on 30 April 2021 or on the date of its adjournment (where applicable) (the "Adjourned AGM"), [name of candidate] be and is hereby appointed as an executive/independent non-executive director (as the case may be) of the Company with effect from the conclusion of the Adjourned AGM."

IMPORTANT NOTICE: The Company is in the process of obtaining Bermuda legal advice in relation to the Bermuda Court Orders and this announcement is made without admission to Sinopoly's submissions to the Bermuda Court and without prejudice to the Company's rights and position to appeal the Bermuda Court Orders, as appropriate and all general legal rights against Sinopoly.

On behalf of the Board

FDG Kinetic Limited

(Receivers and Managers Appointed)

Jaime Che

Chief Executive Officer

Hong Kong, 22 April 2021

Notes:

1. Any shareholder of the Company entitled to attend and vote at a meeting of the Company shall be entitled to appoint another person as his/her proxy to attend and vote instead of him/her. A proxy needs not be a shareholder of the Company.
2. To be valid, a proxy form, together with any power of attorney or other authority, if any, under which it is signed or a notarially certified copy of that power of attorney or that authority shall be deposited at the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong not less than 48 hours before the time for holding the meeting or any adjournment thereof.
3. In order to be eligible to attend and vote at the adjourned annual general meeting, all completed transfer forms accompanied by the relevant share certificates must have been lodged with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Thursday, 11 March 2021.
4. Delivery of the proxy form shall not preclude a shareholder from attending and voting in person at the meeting or upon the poll concerned and, in such event, the relevant proxy form shall be deemed to be revoked.

As at the date of this announcement, the board of directors of the Company comprises Mr. Jaime Che (Chief Executive Officer) and Mr. Cao Zhong (suspended) as executive directors; and Mr. Hung Chi Yuen Andrew, Mr. Toh Hock Ghim and Ms. Vera Yue as independent non-executive directors.

Website: http://www.fdgkinetic.com

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