Forebase International : JOINT ANNOUNCEMENT (1) DELAY IN DESPATCH OF RESPONSE DOCUMENT AND (2) EXTENSION OF OFFER PERIOD

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Forebase International Holdings Limited nor is it a solicitation of any acceptance, vote or approval in any jurisdiction.

GREAT MATCH	RICH VISION	FOREBASE
INTERNATIONAL	DEVELOPMENTS	INTERNATIONAL
LIMITED	LIMITED	HOLDINGS LIMITED
(incorporated in the	(incorporated in the	申基國際控股有限公司
British Virgin Islands	British Virgin Islands	(Incorporated in Hong Kong
with limited liability)	with limited liability)	with limited liability)
		(Stock Code: 2310)

JOINT ANNOUNCEMENT

1. DELAY IN DESPATCH OF RESPONSE DOCUMENT AND
2. 1. EXTENSION OF OFFER PERIOD

References are made to (i) the announcement dated 17 September 2019 made by Great Match International Limited and Rich Vision Developments Limited (the "Joint Offerors"); (ii) the announcement published by Forebase International Holdings Limited (the "Company") dated 20 September 2019 pursuant to Rule 3.2 of the Takeovers Code; and (iii) the offer document dated 8 October 2019 (the "Offer Document") issued by Red Sun Capital Limited for and on behalf of the Joint Offerors, in respect of, among other things, the mandatory unconditional general cash offer regarding to the acquisition of all the issued shares (other than those already owned and agreed to be acquired by the Joint Offerors and parties acting in concert with any of them) and to cancel all the outstanding share options of the Company (the "Offers").

Capitalised terms used herein shall have the same meanings as those defined in the Offer Document unless the context otherwise requires.

DELAY IN DESPATCH OF THE RESPONSE DOCUMENT

Pursuant to Rule 8.4 of the Takeovers Code, the Company is required to despatch an offeree board circular (the "Response Document") to the Shareholders containing, among other things, a letter of recommendation from the Independent Board Committee to the Independent Shareholders in relation to the Offers and a letter of advice from the Independent Financial Adviser to the Independent Board Committee in relation to the Offers within 14 days of the date of the publication of the Offer Document (i.e. on or before 22 October 2019) or such later date as the Executive may approve.

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An application (the "Application") has been made to the Executive pursuant to Rule 8.4 of the Takeovers Code for its consent to extend the deadline for the despatch of the Response Document to a date falling on or before 5 November 2019 (the "Extension") in view of the following reasons:

1. the Company has only resolved on 8 October 2019 to engage a financial adviser to assist the
   Company in respect of the Offers, including but not limited to the preparation of the draft Response Document, and the Company's financial adviser could only circulate the draft Response Document for the Directors' review on 17 October 2019; and
2. more than half of the Directors are newly appointed by the Company with effect from 10 October 2019, additional time is thus required for the Directors to review, communicate and ascertain the content of the draft Response Document prior to giving consent to submit the draft Response Document to the SFC for pre-vetting purpose.

The Executive has indicated that it is minded to grant such consent.

As at the date of this announcement, in connection with the Application and pursuant to Rule 8.4 of the Takeovers Code, the Joint Offerors have agreed to the Extension by the number of days in respect of which the delay in the posting of the Response Document is agreed.

EXTENSION OF OFFER PERIOD

Pursuant to Rule 8.4 of the Takeovers Code and as a result of the Extension, the Offers will remain open for acceptance until (i) 4:00 p.m. on the 14th day after despatch of the Response Document; or (ii) 4:00 p.m. on 19 November 2019, whichever is earlier.

Further announcement(s) will be made jointly by the Joint Offerors and the Company when the Response Document is despatched.

By order of	By order of	By order of the Board
the sole director of	the sole director of	Forebase International
Great Match	Rich Vision	Holdings Limited
International Limited	Developments Limited	LEUNG TAK CHEE
CHOI YUN CHOR	CHENG TING KONG	FRANKIE
Sole Director	Sole Director	Company Secretary
Hong Kong, 22 October 2019

As at the date hereof, the executive Directors of the Company are Ms. YEUNG So Mui, Mr. CHOI Yun Chor, Mr. NG Kwai Wah Sunny, Mr. CHEN Jian, Mr. TAI Kwok Keung Kenny, Mr. LIN Junwei, Mr. SHEN Yong, Mr. PANG Huan Kun and Ms. WANG Yi Ya; the non-executive Director of the Company is Mr. HUANG Xiang Yang and the independent non-executive Directors of the Company are Ms. LAI Cheuk Yu Cherrie, Mr. TING Wong Kacee, Dr. LOKE Yu (alias LOKE Hoi Lam), Mr. YU Lei and Mr. Ernst Rudolf ZIMMERMANN.

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The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

As at the date of this announcement, the sole director of Great Match is Mr. Choi. The sole director of Great Match accepts full responsibility for the accuracy of information contained in this announcement (other than the information relating to the Company and Rich Vision and parties acting in concert with it) and confirms, having made all reasonable enquiries, that to the best of his knowledge, opinions expressed in this announcement (other than those expressed by the Directors and the sole director of Rich Vision) have been arrived at upon due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

As at the date of this announcement, the sole director of Rich Vision is Mr. Cheng. The sole director of Rich Vision accepts full responsibility for the accuracy of information contained in this announcement (other than information relating to the Company and Great Match and parties acting in concert with it) and confirms, having made all reasonable enquiries, that to the best of his knowledge, opinions expressed in this announcement (other than those expressed by the Directors and the sole director of Great Match) have been arrived at upon due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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