China Huiyuan Juice : REVIEW REQUEST OF THE DELISTING DECISION

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.

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)

REVIEW REQUEST OF THE DELISTING DECISION

This announcement is made by China Huiyuan Juice Group Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and 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 (i) 11 June 2018 in relation to, among others, the resumption conditions, (ii) 1 August 2018 in relation to the update on progress of fulfilment of resumption conditions; (iii) 6 November 2018, 1 February 2019, 7 May 2019, 6 August 2019 and 8 November 2019 in relation to, among others, the quarterly update on progress of fulfilment of resumption conditions; and (iv) 14 February 2020 in relation to the decision of the Listing Committee of the Stock Exchange on cancellation of the Company's listing under Rule 6.01A of the Listing Rules (the "Delisting Decision").

SUBMISSION OF REVIEW REQUEST

After seeking professional advice and due consideration, on 24 February 2020, the Company has submitted an application 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 "LRC Review").

The board of directors of the Company hereby reminds the shareholders of the Company (the "Shareholders") and potential investors of the Company that the outcome of the LRC Review is uncertain.

1

LISTING STATUS OF THE DEBT SECURITIES

Reference is made to the notices of the Company dated (i) 17 August 2017 regarding the US$150 million 6.5% senior notes due 2020 issued by the Company on 16 August 2017 (the "Original Notes") and the listing of the Original Notes on the Stock Exchange on 17 August 2017; and

1. 14 September 2017 regarding the US$50 million 6.5% senior notes due 2020 issued by the Company on 14 September 2017 additional to the Original Notes (the "Additional Notes") (to be consolidated and form a single series with the Original Notes) and the listing of the Additional Notes on the Stock Exchange on 15 September 2017 (collectively the "Notes").

The Company wishes to inform the holders of the Notes that the Delisting Decision is in relation to the listing of the Company's shares but not the debt securities. The Company will provide update on the listing status of its debt securities taking into account the outcome of the LRC Review and make announcement(s) as and when appropriate in accordance with the relevant requirements under the Listing Rules.

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. The Company will keep the Shareholders and potential investors of the Company informed of any material development in connection with the above matters, by way of further announcement(s) as and when appropriate.

Shareholders who have any queries about the implications of the cancellation of listing of the shares of the Company are advised to obtain appropriate professional advice. 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, 24 February 2020

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

*  For identification purposes only

2