The Board of Hengxing Gold Holding Company Limited has approved the declaration and payment of a special dividend of RMB 0.3157 (equivalent to HKD 0.3585, based on the middle exchange rate between RMB and HKD published by the State Administration of Foreign Exchange on 28 September 2020 (RMB 0.88065 against HKD 1.00) per ordinary share of the Company (the "Special Dividend") to be payable to the Shareholders whose names appear on the Company's register of members at the close of business on 16 October 2020. The Special Dividend will be paid in HKD on 30 October 2020.