Wai Hung : SUPPLEMENTAL AGREEMENT RELATING TO THE ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

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.

WAI HUNG GROUP HOLDINGS LIMITED ਃᒿණྠછٰϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 3321)

SUPPLEMENTAL AGREEMENT

RELATING TO THE ISSUE OF CONVERTIBLE BONDS

UNDER GENERAL MANDATE

Reference is made to the announcement dated 6 November 2020 (the "CB Announcement") of Wai Hung Group Holdings Limited (the "Company") in relation to the issue of convertible bonds under general mandate. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the CB Announcement.

The Board announces that on 5 March 2021 (after trading hours), the Company entered into a supplemental agreement with the Subscriber, pursuant to which the parties agreed to amend and supplement the terms of the Subscription Agreement to extend the Long Stop Date to 31 March 2021.

Save as the aforesaid, all other terms and conditions of the Subscription Agreement shall remain unchanged and shall continue to be in full force and effect.

The Company will keep its shareholders and potential investors informed of any significant development of the subscription and will make further announcement(s) as and when appropriate in accordance with the Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Wai Hung Group Holdings Limited

Mr. Li Kam Hung

Chairman

Hong Kong, 5 March 2021

As at the date of this announcement, the Board comprises Mr. Li Kam Hung, Mr. Yu Ming Ho and Mr. Yau Yan Ming Raymond as executive Directors; Mr. Li Chun Ho and Mr. Zhu Jun as non-executive Directors; and Ms. Rita Botelho dos Santos, Mr. Wu Chou Kit and Mr. Lam Chi Wing as independent non-executive Directors.