Huarong International Financial : ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES

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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 993)

ANNOUNCEMENT

PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made by Huarong International Financial Holdings Limited (the "Company") in compliance with the announcement requirement Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Reference is made to the announcements made by the Company on 28 November 2016 (the "2016 Announcement") and 21 February 2019 (the "2019 Announcement") in relation to the Facility in an aggregate amount of up to US$100,000,000 or equivalent in Hong Kong dollars. Unless context requires otherwise, all capitalized terms in this announcement shall have the meaning to them in the 2016 Announcement and 2019 Announcement.

The Board is pleased to announce that the Company has entered into a supplemental facility letter on 28 April 2021 (the "Supplemental Letter"), pursuant to which the Facility has been renewed to 31 August 2021. Pursuant to the Supplemental Letter, the Company shall provide a letter of comfort issued by China Huarong, the controlling shareholder of the Company, in which China Huarong shall undertake to maintain its status as the Company's controlling shareholder as long as the Facility remains outstanding. In addition, under the Facility Letter (as supplemented by the Supplemental Letter), the Company shall be directly or indirectly at least 51% beneficially owned and controlled by China Huarong throughout the life of the Facility. As at the date of this announcement, China Huarong indirectly and beneficially holds approximately 51% of the entire issued share capital of the Company.

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The Company will continue to comply with the disclosure requirements under Rule 13.21 of the Listing Rules for so long as circumstances giving rise to the relevant obligation continue to exist.

By order of the Board

Huarong International Financial Holdings Limited

Xu Xiaowu

Chairman

Hong Kong, 28 April 2021

As at the date of this announcement, the Board comprises Mr. Xu Xiaowu and Mr. Wang Junlai as executive Directors, Ms. Wang Qi as non-executive Director, and Mr. Hung Ka Hai Clement, Mr. Ma Lishan and Mr. Guan Huanfei as independent non-executive Directors.

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