China Huiyuan Juice : UPDATE ANNOUNCEMENT INTEREST PAYMENT DUE UNDER THE NOTES

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)

UPDATE ANNOUNCEMENT

INTEREST PAYMENT DUE UNDER THE NOTES

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcements of China Huiyuan Juice Group Limited (the "Company") dated 22 January 2018, 25 January 2018, 29 March 2018, 19 April 2018, 10 August 2018, 24 January 2019, 28 January 2019, 1 February 2019, 19 February 2019, 19 March 2019, 7 May 2019, 6 August 2019, 16 August 2019, 16 September 2019, 24 October 2019, 8 November 2019 and 2 December 2019 (the "Prior Announcements"). Capitalised terms used but not otherwise defined herein shall have the same meanings as those used in the Prior Announcements.

As disclosed in the Prior Announcements, under the terms of the Company's 6.5% senior notes due 2020 (the "Notes"), interest on the Notes at a rate of 6.5% shall be payable semi-annually in arrears on 16 February and 16 August of each year (each an "Interest Payment Date") for as long as the Notes remain outstanding. However, if the Interest Payment Date falls not on a business day, the relevant interest payment may be made on the next succeeding business day (the "Next Business Day"). Any interest payment made on the Next Business Day shall have the same force and effect as if made on the Interest Payment Date. As the forthcoming Interest Payment Date of 16 February 2020 is not a business day, the interest payment due on 16 February 2020 (the "Forthcoming Interest Payment") may be made on the Next Business Day, i.e. on 17 February 2020. The Company wishes to update the shareholders and debt holders of the Company that, as at the date of this announcement, the Company is in the course of arranging relevant funding plans in order to make the Forthcoming Interest Payment. Under the terms of the Notes, no event of default relating to interest payment will occur if the interest payment is made within 30 consecutive days from the date when it becomes due and payable. Further announcement will be made by the Company in relation to the Forthcoming Interest Payment as and when appropriate.

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Reference is also made to the announcement of the Company dated 2 December 2019 in which it was disclosed that the hearing of the Winding Up Petition and the PL Application was adjourned by the High Court of the Hong Kong Special Administrative Region to 13 March 2020. Under the terms of the Notes, the Winding Up Petition and the PL application would constitute an event of default under the Notes since they remained undismissed and unstayed upon the expiry of 60 consecutive days, i.e. by 24 November 2019. The Company will vigorously oppose and defend the Winding Up Petition and the PL Application in the hearing scheduled in March 2020.

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 of the Company.

By Order of the Board

China Huiyuan Juice Group Limited

Ju Xinyan

Chairman

Beijing, 14 February 2020

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

*  For identification purposes only

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