Easyknit International Holdings Limited (the Company or Easyknit) and Eminence Enterprise Limited (Eminence) dated 29 August 2023 (the Joint Announcement), in relation to the Revolving Loan Agreement. Capitalised terms in this announcement shall have the same meanings as defined in the Joint Announcement unless the context requires otherwise. Pursuant to Rule 14.04 of the Listing Rules, the Revolving Loan to be received by Easyknit does not constitute a notifiable transaction.

Pursuant to Rule 14A.26 of the Listing Rules, the Revolving Loan to be received by Easyknit does not grant by a commonly held entity and the Lender or Eminence is not considered to be a connected person of Easyknit under Rule 14A.25 of the Listing Rules and hence the receiving of the Revolving Loan by Easyknit from Eminence should not be considered as a connected transaction to Easyknit. The Company would like to clarify that, as a result of such analysis: the Revolving Loan Agreement and the transactions contemplated thereunder are not notifiable transaction(s) for Easyknit and are not subject to Chapter 14 of the Listing Rules; and the Revolving Loan Agreement and the transactions contemplated thereunder are not continuing connected transaction(s) for Easyknit and are not subject to Chapter 14A of the Listing Rules.