Asia Standard International : Delay in Despatch of Circular Major Transaction in relation to Disposal of Kaisa Securities

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ASIA STANDARD INTERNATIONAL GROUP LIMITED

泛海國際集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 129)

DELAY IN DESPATCH OF CIRCULAR

MAJOR TRANSACTION

IN RELATION TO

DISPOSAL OF KAISA SECURITIES

Reference is made to the joint announcement of Asia Orient Holdings Limited and Asia Standard International Group Limited (the "Company") dated 5 May 2021 (the "Announcement") in relation to the Disposal of Kaisa Securities. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise specified.

As set out in the Announcement, it was expected that the Company will despatch a circular (the "Circular") containing the information required under the Listing Rules in relation to the Disposal to its shareholders on or before 27 May 2021.

As additional time is required for receiving confirmations from banks and other necessary audit works in finalising certain information for inclusion into the Circular, the Company has applied to the Stock Exchange and the Stock Exchange has granted a waiver for dispensation from strict compliance with the requirements under Rule 14.41(a) of the Listing Rules. It is anticipated that the Circular will be despatched on or before 18 June 2021.

By Order of the Board of

Asia Standard International Group Limited

Fung Siu To, Clement

Chairman

Hong Kong, 26 May 2021

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As at the date of this announcement, the executive directors of the Company are Mr. Fung Siu To, Clement, Mr. Poon Jing, Mr. Poon Hai, Mr. Poon Yeung, Roderick, Mr. Lun Pui Kan and Mr. Kwan Po Lam, Phileas and the independent non-executive directors of the Company are Mr. Koon Bok Ming, Alan, Mr. Leung Wai Keung and Mr. Wong Chi Keung.

• For identification purpose only

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