China Huiyuan Juice : QUARTERLY UPDATE ON PROGRESS OF FULFILMENT OF RESUMPTION CONDITIONS, UPDATES ON THE COURT HEARING AND HEARING OF THE LRC REVIEW

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CHINA HUIYUAN JUICE GROUP LIMITED

中 國 滙 源 果 汁 集 團 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1886)

(Debt Securities Stock Code: 5259)

QUARTERLY UPDATE ON PROGRESS OF

FULFILMENT OF RESUMPTION CONDITIONS,

UPDATES ON THE COURT HEARING AND HEARING OF

THE LRC REVIEW

This announcement is made by the board of directors (the "Board") of China Huiyuan Juice Group Limited (the "Company") pursuant to Rule 13.09(2), Rule 13.24A and Rule 13.25 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

Reference is made to the announcements of the Company dated 3 April 2018, 19 April 2018, 30 April 2018, 31 May 2018, 11 June 2018, 29 June 2018, 1 August 2018, 31 August 2018, 6 November 2018, 1 February 2019, 31 March 2019, 7 May 2019, 6 August 2019, 24 October 2019, 8 November 2019, 2 December 2019, 31 January 2020, 14 February 2020, 24 February 2020, 17 March 2020, 31 March 2020 and 14 May 2020 (collectively, the "Prior Announcements"). Capitalised terms used but not otherwise defined herein shall have the same meanings as those used in the Prior Announcements.

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UPDATE ON FULFILMENT OF RESUMPTION CONDITIONS

As set out in the Prior Announcements, due to the delay in the publication of the 2017 Annual Results, the publication of the 2018 Interim Results, the 2018 Annual Results, the 2019 Interim Results and the 2019 Annual Results, and the despatch of the 2017 Annual Report, the 2018 Interim Report, the 2018 Annual Report, the 2019 Interim Report and the 2019 Annual Report have also been delayed. The Company will endeavour to publish the 2017 Annual Results, the 2018 Interim Results, the 2018 Annual Results, the 2019 Interim Results and 2019 Annual Results, and despatch the 2017 Annual Report, the 2018 Interim Report, the 2018 Annual Report, the 2019 Interim Report and the 2019 Annual Report as soon as practicable.

UPDATE ON THE WINDING UP PETITION AND THE PL APPLICATION

Reference is specifically made to the announcement of the Company dated 14 May 2020 in which it was disclosed that the hearing of the Winding Up Petition and the PL Application was adjourned to 4 August 2020. The Company wishes to update the Shareholders and the debt holders that the hearing of the Winding Up Petition and the PL Application was heard on 4 August 2020 with judgment reserved.

Further announcement will be made to update the Shareholders and the debt holders on the development of the relevant court proceedings (in particular when the judgment is handed down).

UPDATE ON THE HEARING OF THE LRC REVIEW

Reference is specifically made to the announcement of the Company dated 24 February 2020 in which it was disclosed that the Company has submitted an application on 24 February 2020 requesting the Delisting Decision be referred to the Listing Review Committee of the Stock Exchange for review pursuant to Chapter 2B of the Listing Rules. The Company wishes to update the Shareholders that the date of the hearing of the LRC Review has not been fixed and the Company is in the course of preparing the relevant materials for the hearing.

Further announcement will be made to update the Shareholders when the date of the hearing of the LRC Review has been confirmed.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares and debt securities of the Company on the Stock Exchange has been halted since 9:00 a.m. on 3 April 2018 (and automatically converted to suspension thereafter) and will remain suspended until further notice.

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

By Order of the Board

China Huiyuan Juice Group Limited

Ju Xinyan

Chairman

Beijing, 4 August 2020

As at the date of this announcement, the directors of the Company are Ms. JU Xinyan and Mr. WANG Xinnong as executive directors and Mr. SONG Quanhou, Mr. PAK Wai Keung Martin and Mr. LEE Wen-Chieh as independent non-executive directors.

*  For identification purposes only

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