Shoucheng : DATE OF BOARD MEETING AND PROPOSED DECLARATION OF A SPECIAL DIVIDEND

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DATE OF BOARD MEETING

AND

PROPOSED DECLARATION OF A SPECIAL DIVIDEND

The board of directors (the "Board") of Shoucheng Holdings Limited (the "Company") announces that a meeting of the Board of the Company will be held on Tuesday, 15 February 2022 (the "Board Meeting") for the purpose of, inter alia, considering the payment of a special dividend (the "Special Dividend").

Subject to the approval at the Board Meeting, the Company will make a further announcement after the Board Meeting to set out the details of the Special Dividend.

As the proposed Special Dividend may or may not be approved by the Board at the Board Meeting, shareholders and potential investors of the Company are advised to exercise caution in dealing in the securities of the Company.

By order of the Board

Shoucheng Holdings Limited

Zhao Tianyang

Chairman

Hong Kong, 31 January 2022

As at the date of this announcement, the Board comprises Mr. Zhao Tianyang (Chairman), Mr. Xu Liang, Mr. Li Wei (President) and Ms. Zhang Meng as Executive Directors; Mr. Liu Jingwei, Mr. Ho Gilbert Chi Hang and Mr. Li Hao as Non-executive Directors; Dr. Wang Xin, Mr. Choi Fan Keung Vic, Mr. Deng Yougao, Ms. Zhang Quanling and Ms. Zhuge Wenjing as Independent Non-executive Directors.