China Sinostar : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO MAJOR AND CONNECTED TRANSACTION - DISPOSAL OF THE ENTIRE EQUITY INTEREST IN HARVEST WAY HOLDINGS LIMITED

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China Sinostar Group Company Limited

(Incorporated in Bermuda with limited liability)

(Stock code: 485)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

MAJOR AND CONNECTED TRANSACTION -

DISPOSAL OF THE ENTIRE EQUITY INTEREST IN

HARVEST WAY HOLDINGS LIMITED

Reference is made to the announcements made on 31 October 2019 and 4 November 2019 (the "Announcements") in relation to, among other things, the Disposal. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

As stated in the Announcements, a circular containing, among other things, further details of the Agreement and the transactions contemplated thereunder, the recommendation from the Independent Board Committee and the letter of advice from the Independent Financial Adviser is expected to be despatched to the Shareholders on or before 9 December 2019.

As additional time is required to finalise the content of the circular, the expected date for the despatch of the circular to the Shareholders will be postponed to a date on or before 20 December 2019.

The Directors confirm that the above clarifications do not affect any other information contained in the Announcements.

For and on behalf of

China Sinostar Group Company Limited

Wang Xing Qiao

Executive Director and Chief Executive Officer

Hong Kong, 9 December 2019

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. Wang Ping, Mr. Song Wenke and Mr. Zeng Guanwei as independent non-executive Directors.