Hilong : NOTICE OF RESULTS OF SCHEME MEETING

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Hilong Holding Limited

海 隆 控 股 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1623)

NOTICE OF RESULTS OF SCHEME MEETING

This announcement is made by Hilong Holding Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Terms used in this Notice have the same meaning as in the explanatory statement dated 23 March 2021 (as supplemented on 16 April 2021) (the "Explanatory Statement") relating to the proposed scheme of arrangement under section 86 of the Cayman Islands Companies Act between the Company and the Scheme Creditors (the "Scheme").

Reference is made to a notice dated 23 March 2021 (the "Notice of Scheme Meeting") issued by the Company to the Scheme Creditors to convene a meeting of Scheme Creditors for the purpose of considering and, if thought fit, approving (with or without modification) the Scheme.

• For identification purpose only

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The Company is pleased to announce that at the Scheme Meeting convened and held at the offices of Walkers at 190 Elgin Avenue, George Town, Grand Cayman KY1-9001 which commenced at 7:00 p.m. on 4 May 2021 (Cayman Islands time), the equivalent time being 8:00 a.m. on 5 May 2021 (Hong Kong time), Scheme Creditors holding Existing Notes in aggregate principal amount of US$357,275,000 representing approximately 97.85% of total principal amount of the Existing Notes participated in the Scheme Meeting and unanimously voted in favour of the Scheme. As such, the Scheme has been approved by the requisite majorities of Scheme Creditors. The Scheme will be subject to the subsequent approval and sanction of the Court.

The Company wishes to announce that it will seek the sanction of the Scheme by the Court at a hearing listed to take place at 9:00 a.m. on 6 May 2021 (Cayman Islands time) at the Court. Any Scheme Creditor is entitled (but not obliged) to attend this hearing, through legal counsel, to support or oppose the sanction of the Scheme and should notify the Company and its advisors in advance if it intends to do so.

For assistance please contact:

Morrow Sodali Limited

Attention: Debt Services Team

Telephone: in Hong Kong: [phone]; in London: [phone]

Email: [e-mail]

Scheme Website: https://bonds.morrowsodali.com/hilong

Scheme AHL Portal: https://portal.morrowsodali.com/hilong

By order of the Board

Hilong Holding Limited

ZHANG Jun

Chairman

Hong Kong, 5 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Jun and Mr. WANG Tao（汪濤）; the non-executive directors are Ms. ZHANG Shuman, Dr. YANG Qingli and Mr. CAO Hongbo; and the independent non-executive directors are Mr. WANG Tao（王濤）, Mr. WONG Man Chung Francis and Mr. SHI Zheyan.

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