P B : DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO MAJOR TRANSACTION IN RELATION TO RENEWAL OF FINANCIAL GUARANTEE

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.

(incorporated in Cayman Islands with limited liability)

(Stock code: 8331)

DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO

MAJOR TRANSACTION IN RELATION TO

RENEWAL OF FINANCIAL GUARANTEE

Reference is made to the announcement (the "Announcement") of P. B. Group Limited (the "Company") dated 28 July 2022 in relation to, among other matters, the provision of financial guarantee services by the Company via the Wuhu Subsidiary to the Borrower. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as ascribed to them in the Announcement.

As disclosed in the Announcement, a circular of the Company containing, among other matters, further details of the Renewal Agreement and the transactions contemplated thereunder, and other information should be despatched within 15 business days after publication of the Announcement as required under the GEM Listing Rules. As additional time is required for the Company to prepare and finalise certain information for inclusion in the circular, the Company has applied for a waiver from the strict compliance with Rule 19.41(a) of the GEM Listing Rules. The Company expects that the despatch date of the circular will be delayed to a date on or before 26 August 2022.

By order of the Board

P.B. Group Limited

Chik Wai Chun

Company Secretary

Hong Kong, 18 August 2022

As at the date of this announcement, the Board comprises (i) four executive Directors, namely Dr. CHAN Man Fung (Co-chairman), Mr. PUI Wai Lun (Co-chairman), Mr. SU Chun Xiang and Mr. PANG Ho Yin; and (ii) two independent non-executive Directors, namely Mr. YIP Chong Ho Eric and Mr. CHOW Chi Hang Tony.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Listed Company Information" page of the Stock Exchange's website at www.hkexnews.hk for at least seven days from the day of its publication. This announcement will also be published on the Company's website at www.thepbg.com.