Huasheng International : COMPLETION OF DISCLOSEABLE TRANSACTION IN RELATION TO DISPOSAL OF ENTIRE ISSUED SHARE CAPITAL OF DIGISMART (GROUP) LIMITED

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.

Huasheng International Holding Limited

華 盛 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1323)

COMPLETION OF DISCLOSEABLE TRANSACTION

IN RELATION TO DISPOSAL OF

ENTIRE ISSUED SHARE CAPITAL OF

DIGISMART (GROUP) LIMITED

Reference is made to the announcement dated 10 March 2021 (the "Announcement") of Huasheng International Holding Limited (the "Company") in relation to the disposal of the entire issued share capital of the DigiSmart (Group) Limited. Unless otherwise defined, capitalised terms used herein shall have the same meanings ascribed to them in the Announcement.

The Board is pleased to announce that as all the conditions precedent set out in the Disposal Agreement have been fulfilled and Completion took place on 31 March 2021. Following the Completion, the Group ceased to have any interest in the Target Group and the financial results of the Target Company would no longer be consolidated in the financial statements of the Group.

By Order of the Board

Huasheng International Holding Limited

Wong Jeffrey

Executive Director

Hong Kong, 31 March 2021

As at the date of this announcement, the executive Directors are Mr. Wong Wai Sing, Mr. Chan Kin Lung and Mr. Wong Jeffrey; and the independent non-executive Directors are Mr. Kwok Kam Tim, Mr. Tso Ping Cheong, Brian and Mr. Li Kwok Tai, James.