Tongda Hong Tai : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO (I) PROPOSED OPEN OFFER ON THE BASIS OF ONE OFFER SHARE FOR EVERY ONE SHARE HELD ON THE RECORD DATE; (II) CONNECTED TRANSACTIONS IN RELATION TO THE UNDERWRITING AGREEMENT AND SET OFF OF SHAREHOLDER'S LOANS; AND (III) APPLICATION FOR WHITEWASH WAIVER AND CONSENT FOR SPECIAL DEAL

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.

TONGDA HONG TAI HOLDINGS LIMITED

通達宏泰控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2363)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

(I) PROPOSED OPEN OFFER ON THE BASIS OF ONE OFFER SHARE

FOR EVERY ONE SHARE HELD ON THE RECORD DATE;

1. CONNECTED TRANSACTIONS IN RELATION TO THE UNDERWRITING AGREEMENT AND SET OFF OF SHAREHOLDER'S LOANS; AND

1. APPLICATION FOR WHITEWASH WAIVER AND CONSENT FOR SPECIAL DEAL

Reference is made to the announcement of Tongda Hong Tai Holdings Limited (the "Company") dated 24 August 2020 in relation to, among other matters, the Open Offer, the Set Off, the Underwriting Agreement, the Whitewash Waiver and the Special Deal. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

DELAY IN DESPATCH OF CIRCULAR

This announcement is made pursuant to Rule 14A.47 of the Listing Rules and Rule 8.2 of the Takeovers Code.

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As set out in the Announcement, a circular including, among other things, details of (i) the Open Offer, the Set Off, the Underwriting Agreement, the Whitewash Waiver and the Special Deal; (ii) the recommendation of the Independent Board Committee in relation to the Open Offer, the Set Off, the Underwriting Agreement, the Whitewash Waiver and the Special Deal;

1. a letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in relation to the Open Offer, the Set Off, the Underwriting Agreement, the Whitewash Waiver and the Special Deal; and (iv) a notice convening the EGM would be despatched to the Shareholders as soon as practicable in compliance with Rule 8.2 of the Takeovers Code and the Listing Rules i.e. on or before 14 September 2020.

As additional time is required to prepare and finalise the information to be included in the Circular (including but not limited to (i) the preparation of the indebtedness statement given that the date of the indebtedness statement is set at 31 August 2020 and additional time will be required for certain banks in the PRC to confirm the amount of outstanding borrowings of the Group as well as to issue the relevant confirmation letters to the Company in light of the outbreak of the COVID-19 pandemic; and (ii) additional time is required for preparation of the pro forma financial information of the Group), the Company has applied to the Executive for and the Executive has granted its consent to an extension of time for the despatch of the Circular to a date on or before 23 October 2020.

REVISED EXPECTED TIMETABLE

In view of the delay in the despatch of the Circular, the Company will publish further announcement(s) in relation to the revised expected timetable for, among others, the Open Offer and the closure of register of members of the Company as and when appropriate in compliance with the Listing Rules and the Takeovers Code.

By order of the Board

Tongda Hong Tai Holdings Limited

Wang Ya Nan

Chairman

Hong Kong, 14 September 2020

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As at the date of this announcement, the executive Directors are Mr. Wong Ming Li, Mr. Wong Ah Yu and Mr. Wang Ming Zhi; the non-executive Director is Mr. Wang Ya Nan; and the independent non-executive Directors are Ms. Leung Pik Kwan, Mr. Sun Wai Hong and Mr. Wu Kin San Alfred.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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