High Fashion International : E_ann_Announcement (Delay in Despatch Update)

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.

High Fashion International Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 608)

UPDATE ON DELAY IN DESPATCH OF CIRCULAR

REGARDING MAJOR TRANSACTION

THE FACADE WORKS CONSTRUCTION CONTRACT

Reference is made to the announcement of the Company dated 8 March 2021 (the "Announcement") in relation to the major transaction (when considered in aggregate with the Main Structure Construction Contract) in respect of the Facade Works Construction Contract and the announcement of the Company dated 29 March 2021 in relation to delay in despatch of the Circular (the "Delay Announcement"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and the Delay Announcement unless the context otherwise requires.

As disclosed in the Delay Announcement, more time is required by the Company and its auditors to finalize the necessary financial information for inclusion in the Circular, in particular the statement of indebtedness and the statement of working capital sufficiency, and that the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules .

On 9 April 2021, the Stock Exchange granted the waiver to the Company on the condition that the Company will despatch the Circular on or before 28 May 2021. The waiver applies to this case only and the Stock Exchange may withdraw or change the waiver if the Company's situation changes. Accordingly, the Circular is expected to be dispatched to the Shareholders on or before 28 May 2021.

By order of the Board

High Fashion International Limited

Lam Gee Yu, Will

Executive Director & Managing Director

Hong Kong, 13 April 2021

As at the date of this announcement, the Board comprises of (1) Executive Directors: Mr. Lam Foo Wah, Mr. Lam Gee Yu, Will, Mr. Lam Din Yu, Well and Ms. So Siu Hang, Patricia; (2) Non-executive Directors: Professor Yeung Kwok Wing and Mr. Hung Ka Hai, Clement; and (3) Independent Non-executive Directors: Mr. Wong Shiu Hoi, Peter, Mr. Leung Hok Lim and Mr. Chung Kwok Pan.