Fujian Nuoqi : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO (1) VERY SUBSTANTIAL ACQUISITION; (2) REVERSE TAKEOVER INVOLVING A NEW LISTING APPLICATION; (3) ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE; (4) APPLICATION FOR WHITEWASH WAIVER; AND (5) AMENDMENTS TO THE ARTICLES OF ASSOCIATION

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 appears for information purposes only and does not constitute an invitation or offer to acquire, purchase, or subscribe for the securities.

福 建 諾 奇 股 份 有 限 公 司

Fujian Nuoqi Co., Ltd.

(a joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 1353)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

1. 1. VERY SUBSTANTIAL ACQUISITION;
   2. REVERSE TAKEOVER INVOLVING A NEW LISTING APPLICATION;
2. ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE;
3. 1. APPLICATION FOR WHITEWASH WAIVER;

AND

(5) AMENDMENTS TO THE ARTICLES OF ASSOCIATION

Reference is made to (i) the announcement of the Company dated 30 January 2020 and the announcements referred to therein; and (ii) the announcement of the Company dated 12 November 2019 in relation to, among others, application for the Whitewash Waiver (the ''Further Delay Announcement''). Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Further Delay Announcement.

As set out in the Further Delay Announcement, the Company has applied to the Executive for its consent to further extend the date for the despatch of the Circular to no later than 10 February 2020, i.e. the tentative date of hearing of the listing application by the Stock Exchange, and the Executive has granted its consent for such extension.

As at the date of this announcement, the Company is in the course of liaising with the professional parties, including but not limited to the Independent Financial Adviser, and preparing responses to the comments from the Stock Exchange and the SFC on 28 August 2019, 16 October 2019 and 21 October 2019 in relation to the Application Proof.

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Having taken into account (1) the listing timetable would depend on the response of the Company to comments from the Stock Exchange and subject to the Stock Exchange's further feedback; and (2) the extended Chinese New Year holiday arising from the recent Novel Coronavirus outbreak in the PRC, alongside with the related travel ban and other restrictions, the Company has applied to the Executive for its consent to further extend the date for the despatch of the Circular to no later than 30 April 2020, and the Executive has indicated that it is minded to grant its consent for such extension.

SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended with effect from 11:25 a.m. on 23 July 2014, and will remain suspended pending the release of further information by the Company.

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

By Order of the Board

Fujian Nuoqi Co., Ltd.

Xu Hai Ying

Chairman and executive Director

Hong Kong, 10 February 2020

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Xu Hai Ying and Mr. Sit Hon Wing, one non-executive Director, namely Mr. Han Huiyuan, and three independent non-executive Directors, namely Mr. Chan Ming Sun Jonathan, Mr. Lee Chi Hwa Joshua and Mr. Mak Yiu Tong.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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