Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::CLARIFICATION ON THE ANNOUNCEMENT DATED 10 FEBRUARY 2020

China Jishan Holdings Limited (China Jishan) is a Singapore-based investment holding company. The Company is a provider of dyeing and printing services, as well as the sale of print and dye finished products and garments. The Company's segments include Fabric Processing and Printing and Dyeing. The Company operates in four principal geographical areas: the People's Republic of China (PRC), Asia, Europe and the United States. The Company has a production facility is located at the Shaoxing Keqiao Economic Development Zone in China. The Company's subsidiaries include Zhejiang Jishan Printing and Dyeing Co., Ltd, Polar International Trading Company Limited, Fuhua Import & Export Pte Ltd, Zhejiang Jishan Extra Width Co., Ltd, Shaoxing Yu Rong Textile Co., Ltd and Shaoxing Yue Sheng Real Estate Property Development Co. Ltd. Shaoxing Yue Sheng Real Estate Property Development Co. Ltd is engaged in the property development and management for general commercial and residential buildings.