Zhuguang : EXTENSION OF MATURITY DATE OF 2016 FIRST TRANCHE NOTES AND POSSIBLE ISSUE OF NOTES

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ZHUGUANG HOLDINGS GROUP COMPANY LIMITED मΈછٰණྠϞࠢʮ̡ *

(incorporated in Bermuda with limited liability)

(Stock Code: 1176)

EXTENSION OF MATURITY DATE OF 2016 FIRST TRANCHE NOTES

AND

POSSIBLE ISSUE OF NOTES

Reference is made to the announcement ("Announcement") of Zhuguang Holdings Group Company Limited ("Company") dated 3 August 2016 in relation to the issue of senior secured guaranteed notes of an aggregate principal amount of up to US$500,000,000 ("2016 Senior Notes") and warrants representing exercise moneys of up to US$75,000,000 by the Company. Capitalised terms used in this announcement have the same meanings as defined in the Announcement, unless defined herein or the context requires otherwise.

EXTENSION OF MATURITY DATE OF 2016 FIRST TRANCHE NOTES

The Board announces that as the Company may need further time to fulfil its payment obligations under the first tranche of the 2016 Senior Notes ("2016 First Tranche Notes") which will be due on 3 August 2019, on 2 August 2019, the Company, the Controlling Shareholder, the Ultimate Shareholders, the Obligors, Blooming Rose Enterprises Corp. ("Blooming Rose"), Heroic Day Limited ("Heroic Day") and CCB International Overseas Limited (together with Blooming Rose and Heroic Day, collectively constituting the investors holding at least 85% of the 2016 Senior Notes), entered into an amendment deed to amend and supplement the terms and conditions attached to the certificates of the 2016 Senior Notes, to the effect that with effect from 3 August 2019, (i) the maturity date of the 2016 First Tranche Notes has been extended from 3 August 2019

* For identification purpose only

to 22 September 2019, so that the entire 2016 Senior Notes issued (consisting of two tranches in aggregate) will mature on 22 September 2019; and (ii) the Company may effect the voluntary redemption of the 2016 Senior Notes in full on giving three business days' notice (instead of giving not less than three months' notice) to the investors of the 2016 Senior Notes. Save as disclosed above, all the terms and conditions of the 2016 Senior Notes remain unchanged and shall continue to be in full force and effect.

POSSIBLE ISSUE OF NOTES

The Company is currently in negotiation with certain potential independent third party investors in relation to the possible issue of notes by the Company ("Possible Issue"). As at the date of this announcement, the Company has not entered into any definitive and/or legally binding agreements or contracts in respect of the Possible Issue. The Company will make further announcement(s) in compliance with the Listing Rules as and when legally binding agreement(s) in relation to the Possible Issue is/are entered into.

On behalf of the Board

Zhuguang Holdings Group Company Limited

Chu Hing Tsung

Chairman

Hong Kong, 2 August 2019

As at the date of this announcement, the Board comprises (i) six executive Directors, namely Mr. Chu Hing Tsung (alias Mr. Zhu Qing Yi) (Chairman), Mr. Liu Jie (Chief Executive Officer), Mr. Liao Tengjia (Deputy Chairman), Mr. Huang Jiajue (Deputy Chairman), Mr. Chu Muk Chi (alias Mr. Zhu La Yi) and Ms. Ye Lixia; and (ii) three independent non-executive Directors, namely Mr. Leung Wo Ping JP, Mr. Wong Chi Keung and Dr. Feng Ke.