Ernest Borel : POSITIVE PROFIT ALERT SUPPLEMENTAL ANNOUNCEMENT

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ERNEST BOREL HOLDINGS LIMITED 依波路控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1856)

POSITIVE PROFIT ALERT SUPPLEMENTAL ANNOUNCEMENT

This announcement is made by the board (the "Board") of directors of Ernest Borel Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement dated 25 March 2021 (the "Announcement") of the Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board wishes to further update the Shareholders and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group, it is expected that the Group will record a turnaround to profit attributable to owners of the Company for the year ended 31 December 2020 of approximately HK$1.0 million, while the Group recorded an audited loss attributable to owners of the Company of approximately HK$79.0 million for the corresponding period in 2019.

As the Company is in the process of preparing the Annual Results, the information above is based on a preliminary review of the management accounts of the Company which have not been confirmed nor audited by the Company's auditors. The Annual Results is expected to be published on 30 March 2021.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

Hong Kong, 26 March 2021

By Order of the Board Ernest Borel Holdings Limited

Shang Jianguang

Chairman

As at the date of this announcement, the Board comprises of the following members:Executive Directors:Non-executive Directors:

Mr. Shang Jianguang, Mr. Teguh Halim, Mr. Xiong Wei and

Ms. Lam Lai

Mr. Xiong Ying and Mr. Tao Li

Independent Non-executive Directors:

Mr. To Chun Kei, Mr. Hui Cheuk Kit Frederick and

Ms. Chan Lai Wa