E Bon : FURTHER DELAY IN DESPATCH OF CIRCULAR - ACQUISITION OF THE PROPERTY

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.

(Stock Code: 599)

MAJOR TRANSACTION

ACQUISITION OF THE PROPERTY

FURTHER DELAY IN DESPATCH OF CIRCULAR

References are made to (i) the announcements of E. Bon Holdings Limited (the "Company") dated 29 May 2020 and 23 June 2020 (the "Announcements") in relation to an acquisition of property in Hong Kong and (ii) the announcement of the Company dated 19 June 2020 (the "Delay Announcement") in relation to the delay in despatch of circular in relation to such acquisition. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Delay Announcement, the Company has applied to, and the Stock Exchange has granted, a waiver from strict compliance with Rule 14.41(a) of the Listing Rules and that the Circular is expected to be despatched to the Shareholders on or around 6 August 2020.

As the Company is still in the process of obtaining clearance for the Circular from the Stock Exchange, the Company has applied for a waiver (the "Second Waiver") from strict compliance with Rule 14.41(a) of the Listing Rules for a further extension of time to despatch the Circular to the Shareholders (for information purpose only).

On 6 August 2020, the Stock Exchange has granted the Second Waiver to the Company on the condition that the Company will despatch the Circular to the Shareholders on or before 24 August 2020. The Stock Exchange may withdraw or change the terms of the Second Waiver if the Company's situation changes.

By Order of the Board

E. Bon Holdings Limited

TSE Sun Fat, Henry

Chairman

Hong Kong, 6 August 2020

As at the date of this announcement, the Board of Directors comprises eight Directors, of which five are executive Directors, namely Mr. TSE Sun Fat, Henry, Mr. TSE Sun Wai, Albert, Mr. TSE Sun Po, Tony, Mr. TSE Hon Kit, Kevin and Mr. LAU Shiu Sun and three are independent non-executive Directors, namely Mr. WONG Wah, Dominic, Mr. WAN Sze Chung and Dr. LUK Wang Kwong.