Fuguiniao : FURTHER UPDATE ON DEVELOPMENT OF SUSPENSION OF TRADING

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FUGUINIAO CO., LTD.

富貴鳥股份有限公司

(A joint stock company established in the People's Republic of China with limited liability)

(Stock Code: 1819)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Fuguiniao Co., Ltd. (the "Company") published the "Announcement on the voting of the First Creditors' Meeting" (the "Announcement") on the Shanghai Stock Exchange on 21 November 2018.

The announcement disclosed that the First Creditors' Meeting of the company was held on 13 November 2018. The creditors present at the meeting were all creditors without property guarantee. At the meeting, the four resolutions on "Proposal on the Establishment of Creditors' Committee Related Matters", the "Report on the Creditors' Meeting to consent on the debtor's to continue its business", the "Report on the Property management plan of Fuguiniao Co., Ltd." and the "Creditor's meeting mechanism on reorganization plan of Fuguiniao Co., Ltd." were approved.

For full details of the Announcement, please refer to the announcement published by the Company on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/home/search/?webswd=14 富贵鸟) on 21 November 2018.

By order of the Board

Fuguiniao Co., Ltd.

Lam Wo Ping

Chairman

Hong Kong, 22 September 2018

As at the date of this announcement, the executive Directors are Mr. Lam Wo Ping, Mr. Lam Wing Ho and Mr. Xu Yukun; and the independent non-executive Directors are Mr. Wang Zhiqiang and Mr. Cheung Ming Hung.