TFG International : FURTHER DELAY IN DESPATCH OF CIRCULAR

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TFG INTERNATIONAL GROUP LIMITED

富 元 國 際 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 542)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Financial Adviser to the Company

Reference is made to (i) the announcement of TFG International Group Limited (the ''Company'') dated 29 June 2020 (the ''Announcement'') in relation to the major and connected transaction regarding the proposed acquisition of the entire issued share capital in the Target Company, and (ii) the announcements of the Company dated 21 July 2020 (the ''Delay Announcement'') in relation to the delay in despatch of the Circular. Capitalised terms used herein shall have the same meanings as defined in the Announcement and the Delay Announcement unless the context requires otherwise.

As stated in the Delay Announcement, it was expected that the Circular would be despatched to the Shareholders as soon as practicable on or before 4 August 2020.

As additional time is required for the Company to prepare and finalise the information to be included in the Circular, the Company currently expects to despatch the Circular to the Shareholders on or before 14 August 2020.

By order of the Board

TFG International Group Limited

Yang Lijun

Chairman

Hong Kong, 4 August 2020

As at the date of this announcement, the Board comprises Mr. YANG Lijun (Chairman) being the executive Director, Mr. YU Shunhui and Mr. WONG Kui Shing, Danny, being the non-executive Directors and Ms. CHAN Hoi Ling, Ms. SO Wai Lam and Mr. SUNG Yat Chun, being the independent non-executive Directors.