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.

(Incorporated in the Cayman Islands with limited liability) Stock Code: 2320

SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2019

Reference is made to the annual report for the year ended 31 December 2019 (the "2019 Annual Report") of Hop Fung Group Holdings Limited (the "Company", together with its subsidiaries, the "Group") published on 22 April 2020. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the 2019 Annual Report.

In addition to the information provided in the 2019 Annual Report, the Board would like to provide further information in respect of the other expenses of the Group which amounted to approximately HK$18.2 million for the year ended 31 December 2019 (2018: approximately HK$23.7 million).

Detailed breakdown of the other expenses of the Group is set out as follows:

Other Expenses

2019

2018

HK$'000

HK$'000

PRC other taxes

6,652

11,585

Depreciation*

8,936

6,876

Legal and professional fees

1,280

942

Others

1,300

4,262

18,168

23,665

* Other than depreciation included in cost of inventories which was recognised as expenses

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The supplemental information provided in this announcement does not affect other information contained in the 2019 Annual Report and save as disclosed above, all other information in the 2019 Annual Report remains unchanged.

By Order of the Board

Hui Yuen Li

Company Secretary

Hong Kong, 28 August 2020

As at the date of this announcement, the directors of the Company are:

Executive Directors:

Hui Sum Ping

Hui Sum Tai

Hui Yuen Li

Independent Non-executive Directors:

Chee Man Sang, Eric

Wong Chu Leung

Chau Suk Ming

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Hop Fung Group Holdings Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 09:22:09 UTC