Rare Earth Magnesium Technology : NOTICE OF BOARD MEETING

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稀 鎂 科 技 集 團 控 股 有 限 公 司

RARE EARTH MAGNESIUM TECHNOLOGY GROUP HOLDINGS LIMITED

(in provisional liquidation)

(for restructuring purposes only)

(Incorporated in Bermuda with limited liability)

(Stock code: 00601)

NOTICE OF BOARD MEETING

The board of directors (the "Board") of Rare Earth Magnesium Technology Group Holdings Limited (the "Company") hereby announces that a meeting of the Board will be held at Suite 1105, 11th Floor, Tower 6, The Gateway, 9 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong on Monday, 31 August 2020 for the purposes of approving, inter alia, the interim results of the Company and its subsidiaries for the six months ended 30 June 2020.

By order of the Board

Rare Earth Magnesium Technology Group Holdings Limited

(in provisional liquidation)

(for restructuring purposes only)

Fan Kwok Man

Company Secretary

Hong Kong, 20 August 2020

As at the date of this announcement, the executive Directors are Mr. Shum Sai Chit and Mr. Chi Jing Chao; non-executive Director is Professor Meng Jian, independent non-executive Directors are Mr. Kwong Ping Man, Mr. Cheung Sound Poon and Mr. Kwan Ngai Kit.