China Innovation Investment : SUPPLEMENT ANNOUCEMENT

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 INNOVATION INVESTMENT LIMITED

中國創新投資有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1217)

SUPPLEMENT ANNOUCEMENT

Reference is made to the announcement (the "Announcement") of China Innovation Investment Limited (the "Company") about the Annual Report 2019 dated 31 March 2020. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company would like to supplement the following information:

On 3 August 2018, the Company invested HK$100,000,000 on structure product - equity linked note ("ELN1") issued by Deutsche Bank with the maturity date on 11 February 2019 ("Maturity Date 1"), linked with sets of Hong Kong listed equities 0016.HK/2388.HK/2800.HK, at strike price of 0016.HK@HK$105.3166, 2388.HK @HK$32.4578, 2800.HK@HK$26.0100 respectively, with fixed coupon annual rate of 10% which paid monthly. On the Maturity Date 1, the Company received the stocks of Bank of China (Hong Kong) Limited (Stock code: 2388.hk) ("BOCHK Stocks") equivalent to the value of HK$100,000,000 of the principal of ELN1. On 1 April 2019, the Company disposed the BOCHK Stocks. The total amount of interest income from ELN1 in 2019 is HK$1,666,667 (2018: HK$3,333,333) and the gain from disposal of the BOCHK Stocks is approximately HK$6,633,903.

On 17 September 2018, the Company invested HK$100,000,000 on structure product

• equity linked note ("ELN2") issued by UBS AG with the maturity date on 25 March 2019 ("Maturity Date 2"), linked with sets of Hong Kong listed equities 0001.HK/0005.HK/0700.HK, at strike price of 0001.HK@HK$78.0307, 0005.HK@HK$60.3226, 0700.HK@HK$291.8093 respectively, with fixed coupon annual rate of 10% which paid monthly. On the Maturity Date 2, the Company sold

- 1 -

while UBS AG redeemed ELN2 of HK$100,000,000. The total amount of interest income received from ELN2 in 2019 is HK$2,500,000 (2018: HK$2,500,000).

As at 31 December 2019, the Company's net realised gain on disposal of investments at fair value through profit or loss (after deducting the received coupons of HK$4,166,667 from ELN1 and ELN2) is amounted to approximately HK$21.369 million ("Realised Gains"). The breakdown of the Realised Gains is as follows:

No.	Investment	Introduction of the	Cost of the	Disposal	Realized
	Project	Investment	Investment /	Consideration	Gain
				Value at the	HK$'000	HK$'000
				Year Beginning
				HK$'000
1	ELN1	Delivered by 2388.hk	90,037	100,000	9,963
		stocks as shares of the
		listed company on its
		maturity.
2	BOCHK	Disposed	2388.hk	100,000	106,385	6,385
	Stocks	stocks
3	ELN2	Delivered by cash on	94,718	100,000	5,282
		its maturity.
4	Others					(261)
					Sum	21,369

As at 31 December 2019, the Company's unrealised holding gains from investments at fair value through profit or loss is amounted to approximately HK$2.077 million ("Unrealized Gains"). The breakdown of the Unrealized Gains is as follows:

No.	Investment	Introduction of the	Cost of the	Value at the	Unrealized
	Project	Investment	Investment /	Year End	Gain
					Value at the	HK$'000	HK$'000
					Year Beginning
					HK$'000
1	Derivative - call	PIMCO	Funds	1,316	3,463	2,147
	warrant		Global	Investors
			Series plc - Income
			Fund
2	Derivative - call	Jupiter	JGF -	0	1,100	1,100
	warrant		Dynamic Bond
3	Hong	Kong	CLP	Holdings	66,158	65,192	(966)
	listed	Stocks	Limited	(00002.hk)
	held	on 31	796,000 shares
	December 2019
4	Hong	Kong	HSBC Holdings Plc	69,897	69,977	80

- 2 -

	listed	Stocks	(00005.hk)
	held	on	31	1,150,000 shares
	December 2019
5	Hong		Kong	Link Real	Estate	65,170	66,000	830
	listed	Stocks	Investment	Trust
	held	on	31	(00823.hk) 800,000
	December 2019	shares
6	Hong		Kong	Hong	Kong	64,225	63,250	(975)
	listed	Stocks	Exchanges	and
	held	on	31	Clearing	Limited
	December 2019	(00388.hk) 250,000
				shares
7	Hong		Kong	Tracker Fund of	71,000	71,375	375
	listed	Stocks	Hong	Kong
	held	on	31	(02800.hk)
	December 2019	2,500,000 shares
8	Others							(514)
							Sum	2,077

Save for the above information, the other content of the Announcement has not been changed.

By Order of the Board

China Innovation Investment Limited

Xiang Xin

Chairman and Chief Executive Officer

Hong Kong, 10 August 2020

As at the date of this announcement, the executive Directors of the Company are Mr. Xiang Xin (Chairman) and Mr. Chan Cheong Yee; the independent non-executive directors of the Company are Ms. An Jing, Ms. Zhou Zan and Mr. Zhang Yu, Clement. Ms. Kung Ching is an alternate director to Mr. Xiang Xin.

- 3 -