Sino Prosper : UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

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.

SINO PROSPER (GROUP) HOLDINGS LIMITED

中盈（集團）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 766)

UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

This announcement is made by Sino Prosper (Group) Holdings Limited (the "Company") at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and pursuant to Rules 13.09 and 13.10 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

The board (the "Board") of directors (the "Directors") of the Company has noted the unusual fluctuation in the price and increase in the trading volume of the shares of the Company (the "Shares") on 9 September 2020. Having made such enquiries with respect to the Company as is reasonable in the circumstances, the Board confirms that, save and except for the disposal of 327,915,000 Shares by Mr. Leung Ngai Man (the "Disposal"), an executive Director and the substantial shareholder (as defined in the Listing Rules) of the Company, it is not aware of any reason for such fluctuation in the trading price of the Shares or of any information which must be announced to avoid a false market in the Shares or of any information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Immediately following the Disposal and as at the date of this announcement, Mr. Leung holds 140,621,002 Shares and 901,650,000 convertible preference shares issued by the Company to Mr. Leung on 2 May 2018 convertible into 901,650,000 Shares upon exercise in full of the conversion rights attaching thereto, representing approximately 8.71% and 55.87% of the total issued share capital of the Company.

This announcement is made by the order of the Board. The Board collectively and individually accepts the responsibility for the accuracy of this announcement.

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

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By Order of the Board

Sino Prosper (Group) Holdings Limited

Leung Ngai Man

Chairman and Executive Director

Hong Kong, 9 September 2020

As at the date of this announcement, the executive Directors of the Company are Mr. Leung Ngai Man and Ms. Wong Li Fong, and the independent non-executive Directors of the Company are Mr. Miao Yanan, Mr. Cai Wei Lun and Mr. Zhang Qingkui.

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