China Sinostar : (1) EFFECTIVE DATE FOR CAPITAL REORGANISATION; AND (2) FREE EXCHANGE OF SHARE CERTIFICATES

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 Sinostar Group Company Limited

(Incorporated in Bermuda with limited liability)

(Stock code: 485)

1. EFFECTIVE DATE FOR CAPITAL REORGANISATION; AND
2. 1. FREE EXCHANGE OF SHARE CERTIFICATES

References are made to (i) the circular of China Sinostar Group Company Limited (the "Company") dated 21 August 2020 regarding, among other things, the Capital Reorganisation (the "Circular"); and (ii) the announcement of the Company dated 14 September 2020. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

EFFECTIVE DATE FOR CAPITAL REORGANISATION

The Board is pleased to announce that all conditions precedent to the Capital Reorganisation had been fulfilled and the Capital Reorganisation will become effective from 9:00 a.m. (Hong Kong time) on 17 September 2020.

TRADING ARRANGEMENT AND FREE EXCHANGE OF SHARE CERTIFICATES

Shareholders and potential investors should refer to the timetable as set out in the Circular for the dates and times relating to the trading arrangement, arrangement of free exchange of share certificates and matching services for odd lots in connection with the Capital Reorganisation.

Shareholders may on or after Thursday, 17 September 2020 and until Wednesday, 28 October 2020 (both days inclusive), submit their existing share certificates in red colour for the Existing Shares to the Company's branch share registrar in Hong Kong, Tricor Secretaries Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for the exchange of share certificates in brown colour for the Adjusted Shares at the expense of the Company.

Shareholders should note that after the prescribed time for free exchange of share certificates, a fee of HK$2.50 (or such higher amount as may from time to time be allowed by the Stock Exchange) will be payable by the Shareholders to the share registrar for each share certificate issued for the Adjusted Shares or each existing share certificate for the Existing Shares submitted for cancellation, whichever the number of certificates issued or cancelled is higher.

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After 4:10 p.m. (Hong Kong time) on Friday, 23 October 2020, trading will only be in Adjusted Shares which share certificates will be issued in brown colour. Existing share certificates in red colour for the Existing Shares will cease to be valid for trading and settlement purpose, but will remain valid and effective as documents of title.

By Order of the Board

China Sinostar Group Company Limited

Wang Xing Qiao

Executive Director and Chief Executive Officer

Hong Kong, 16 September 2020

As at the date of this announcement, the Board comprises Mr. Wang Jing, Mr. Wang Xing Qiao and Mr. Zhao Shuang as executive Directors; and Mr. Su Bo, Mr. Zeng Guanwei and Mr. Tang Shengzhi as independent non-executive Directors.

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