HJ Capital International : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISCLOSEABLE AND CONNECTED TRANSACTION

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.

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(Incorporated in Bermuda with limited liability)

(Stock Code: 982)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO DISCLOSEABLE AND

CONNECTED TRANSACTION

Reference is made to the announcements dated 16 July 2019, 6 August 2019, 6 September 2019 and 4 October 2019 (the "Announcements") issued by HJ Capital (International) Holdings Company Limited (the "Company") in relation to the subscription of the Interest in the Partnership, which constitutes a discloseable and connected transaction of the Company pursuant to Chapter 14 and Chapter 14A of the Listing Rules. Capitalised terms used herein have the same meanings as defined in the Announcements unless the context otherwise requires.

As disclosed in the Announcements, a circular (the "Circular") containing, among other things, (i) further details of the Subscription Deed and the Limited Partnership Agreement;

1. the recommendations of the Independent Board Committee; (iii) the letter of advice from the independent financial adviser to the Independent Board Committee and the Independent Shareholders regarding the Subscription and the Limited Partnership Agreement; and (iv) a notice of the SGM and a proxy form, was expected to be despatched to the Shareholders on or before 8 November 2019.

As additional time is required for the Company to finalise the Circular, the despatch date of the Circular is expected to be postponed to a date on or before 31 December 2019.

By Order of the Board of

HJ Capital (International) Holdings Company Limited

Li Guangning

Executive Director and Chairman

Hong Kong, 8 November 2019

As at the date of this announcement, the Board comprises Mr. Li Guangning (Executive Director and Chairman), Mr. Xie Wei (Executive Director and Chief Executive Officer), Ms. Guo Jin (Executive Director) and Mr. Tze Kan Fat (Executive Director); Ms. Zhang Kuihong and Mr. Shong Hugo (all being Non-executive Directors); Dr. Chen Jieping, Dr. Sun Mingchun and Mr. Tse Yung Hoi (all being Independent Non-executive Directors).

• For identification purposes only