Flyke International : UPDATE ANNOUNCEMENT

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.

FLYKE INTERNATIONAL HOLDINGS LTD.

飛 克 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01998)

UPDATE ANNOUNCEMENT

This announcement is made by Flyke International Holdings Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to (1) the announcement of the Company dated 20 March 2017 in respect of, among other things, (i) the Proposed Restructuring; (ii) proposed adoption of new memorandum and articles;

1. proposed appointment of proposed directors; and (iv) proposed termination of existing share option scheme and adoption of new share option scheme; (2) the announcements of the Company dated 23 March 2017, 6 October 2017 and 8 June 2018 in relation to, among other things, the Acquisition, the New Listing Application, the Second New Listing Application and the Third New Listing Application;
   (3) the announcements of the Company dated 10 April 2017, 31 May 2017, 30 June 2017, 28 July 2017, 28 August 2017, 28 September 2017, 30 October 2017, 30 November 2017, 29 December 2017, 29 January 2018, 28 February 2018, 28 March 2018, 16 April 2018, 30 April 2018, 30 May 2018, 29 June 2018, 27 July 2018 and 27 August 2018 in relation to, among other things, monthly update on resumption progress and/or delay in despatch of the circular; (4) the announcements of the Company dated 1 August 2018, 1 November 2018, 1 February 2019, 2 May 2019, 2 August 2019 and 1 November 2019 in relation to the update on progress of resumption; (5) the announcement of the Company dated 24 September 2018 in relation to the decision of the Listing Division and request for review by the Listing Committee; (6) the announcement of the Company dated 9 November 2018 in relation to the withdrawal of request for review by the Listing Committee; (7) the announcement of the Company dated 16 November 2018 in relation to the Second Delisting Stage; (8) the monthly update announcements dated 27 September 2018, 26 October 2018, 26 November 2018, 24 December 2018, 24 January 2019, 25 February 2019, 26 March 2019, 30 April 2019, 31 May 2019 and 28 June 2019; (9) the announcement

of the Company dated 11 March 2019 in relation to results of Internal Control Review; (10) the announcement of the Company dated 29 March 2019 in relation to the final results for the year ended 31 December 2018; and (11) the announcement of the Company dated 30 August 2019 in relation to delay in publication of the interim results announcement and despatch of the interim report for the six months ended 30 June 2019 (collectively, the "Announcements"). Unless otherwise specified herein, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

UPDATE ON THE RESUMPTION

As disclosed in the Announcements, the Stock Exchange has decided to place the Company into the Third Delisting Stage under Practice Note 17 to the Listing Rules. The Third Delisting Stage commenced on 4 July 2019 and will expire on 3 January 2020 and the Company should submit a viable resumption proposal to the Stock Exchange at least 10 business days before the Third Delisting Stage expires (i.e. 17 December 2019) to address the resumption conditions.

On 17 December 2019, the Company submitted a resumption proposal (the "New Resumption Proposal") to the Stock Exchange in support of the resumption of trading in the Shares. As at the date of this announcement, the New Resumption Proposal is under consideration by the Stock Exchange.

Further announcement(s) will be made by the Company to keep the Shareholders and potential investors of the Company informed of the progress of the New Resumption Proposal and the listing status of the Company as and when appropriate. Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the Shares or other securities of the Company.

SUSPENSION OF TRADING OF THE SHARES

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended from 9:00 a.m. on 31 March 2014. Trading in the Shares will continue to suspend until further notice and full satisfaction of the Resumption Conditions and such other further conditions that may be imposed by the Stock Exchange.

By order of the Board

Flyke International Holdings Limited

CHIN Chang Keng Raymond

Executive Director

Hong Kong, 3 January 2020

As of the date of this announcement, the executive Director is Mr. CHIN Chang Keng Raymond and the independent non-executive Directors are Mr. CHU Kin Wang, Peleus and Mr. ZHU Guohe.