Easy One Financial : JOINT ANNOUNCEMENT - PROPOSED PRIVATISATION OF EASY ONE FINANCIAL GROUP LIMITED BY CAISTER LIMITED BY WAY OF A SCHEME OF ARRANGEMENT (UNDER SECTION 99 OF THE COMPANIES ACT 1981 OF BERMUDA) - FURTHER EXTENSION OF TIME FOR DESPATCH OF SCHEME DOCUMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Caister Limited or Easy One Financial Group Limited nor is it a solicitation of any vote or approval in any jurisdiction.

JOINT ANNOUNCEMENT

PROPOSED PRIVATISATION OF

EASY ONE FINANCIAL GROUP LIMITED

BY CAISTER LIMITED BY WAY OF

A SCHEME OF ARRANGEMENT (UNDER SECTION 99 OF

THE COMPANIES ACT 1981 OF BERMUDA)

FURTHER EXTENSION OF TIME FOR DESPATCH OF

SCHEME DOCUMENT

Reference is made to (i) the joint announcement by Caister Limited ("Caister"), Wang On Group Limited, Wai Yuen Tong Medicine Holdings Limited, and Easy One Financial Group Limited ("EOG") dated 4 May 2020 (the "Joint Announcement") in relation to a proposal by Caister to privatise EOG; (ii) the announcement dated 4 June 2020 by EOG in relation to the appointment of the EOG IFA; and (iii) the joint announcement dated 8 June 2020 (the "First Extension Announcement") published by Caister and EOG in relation to the extension of time for despatch of the Scheme Document. Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Joint Announcement.

It was disclosed in the First Extension Announcement that Caister and EOG expected the Scheme Document will be despatched on or before 31 July 2020.

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Taking into account that (i) more time is required for finalising the Scheme Document (including the property valuation reports incorporated therein and the letter of advice from the EOG IFA), and (ii) in light of disruptions attributable to the recent COVID-19 pandemic situation, Caister and EOG will only be able to ascertain availability of local postal services nearer bulk-printing, Caister and EOG have made an application to the Executive and the Executive has indicated that it is minded to grant its consent to extend the latest time for the despatch of the Scheme Document to no later than 14 August 2020.

Further announcement(s) will be jointly made by Caister and EOG upon despatch of the Scheme Document.

Warning: EOG Shareholders, EOG Optionholders and potential investors of EOG are advised to exercise caution when dealing in the securities of EOG and to refrain from taking any action in respect of the securities of EOG which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers.

As at the date of this joint announcement, Mr. Tang Ching Ho is the sole director of Caister.

The sole director of Caister accepts full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the EOG Group) and confirms, having made all reasonable inquiries, that to the best of his knowledge, opinions expressed in this joint announcement (other than those expressed by the directors of EOG) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the EOG Board comprises Mr. Chan Chun Hong, Thomas, Mr. Cheung Wai Kai and Ms. Stephanie as executive directors; and Mr. Sin Ka Man, Mr. Cheung Sau Wah, Joseph and Mr. Wong Hung Tak as independent non-executive directors.

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

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