HNA Technology Investments : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO PROFIT WARNING

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.

HNA Technology Investments Holdings Limited ऎঘ߅Ҧҳ༟છٰϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2086)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO

PROFIT WARNING

This announcement is made by HNA Technology Investments Holdings Limited (the "Company") pursuant to Practice Note 2 of The Hong Kong Code on Takeovers and Mergers (the "Takeovers Code").

Reference is made to the announcements of the Company (i) dated 12 March 2021 in relation to a profit warning of the Company (the "Profit Warning"), and (ii) dated 11 November 2020 in relation to the Possible Transaction and the monthly progress updates respectively dated 11 December 2020, 11 January 2021, 11 February 2021 and 11 March 2021 (collectively, the "Possible Transaction Announcements"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Possible Transaction Announcements unless the context requires otherwise.

The Board would like to clarify that the Profit Warning constitutes a profit forecast under Rule 10 of the Takeovers Code and is required to be reported on by the financial advisers and the accountants or auditors in accordance with Rule 10.4 of the Takeovers Code. As the announcement of Profit Warning was made pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) of Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong), which require the Company to disclose any inside information as soon as practicable and given the time constraints, the Company has encountered genuine practical difficulties in meeting the requirements of Rule 10.4 of the Takeovers Code. Accordingly, the Profit Warning does not meet the standard required by Rule 10 of the Takeovers Code.

Pursuant to Rule 10.4 of the Takeovers Code and Practice Note 2 of the Takeovers Code, the reports from the Company's financial adviser and auditors or consultant accountants on the profit forecasts are required to be included in the next document to be sent to the shareholders of the Company (the "Shareholders' Document"). As the annual results announcement of the Company for the year ended 31 December 2020 (the "Annual Results") is expected to be published in March 2021, it is expected that the Annual Results will be published prior to the despatch of the next Shareholders' Document. Accordingly, the requirement under Rule 10 of the Takeovers Code to report on the Profit Warning will be superseded by the publication of the Annual Results together with the notes to the financial statements.

Save for the clarification stated in this announcement, all information in the announcement of Profit Warning remains unchanged.

Shareholders and potential investors of the Company should note that the Profit Warning does not meet the standard required by Rule 10 of the Takeovers Code and has not been reported on in accordance with the Takeovers Code. Shareholders and potential investors of the Company should therefore exercise caution in placing reliance on the Profit Warning in assessing the merits and demerits of the possible mandatory general offer for the securities of the Company as referred to in the Possible Transaction Announcements.

By order of the Board of

HNA Technology Investments Holdings Limited

Jiang Hao

Chairman

Hong Kong, 15 March 2021

As at the date of this announcement, the Board comprises five executive directors, namely Mr. Jiang Hao, Mr. Peng Zhi, Mr. Xu Jie, Mr. Wang Jing and Mr. Wong Chi Ho, one non-executive director, namely Mr. Kwan Kin Man Keith and three independent non-executive directors, namely Mr. Guo Dan, Dr. Lin Tat Pang and Ms. O Wai.

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquires, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statements in this announcement misleading.