Long Well International : ANNOUNCEMENT IN RESPECT OF UPDATE ON REVIEW HEARING

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.

LONG WELL INTERNATIONAL HOLDINGS LIMITED

久 康 國 際 控 股 有 限 公 司

(formerly known as "Tou Rong Chang Fu Group Limited 投融長富集團有限公司")

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 850)

ANNOUNCEMENT

IN RESPECT OF UPDATE ON

REVIEW HEARING

This is a voluntary announcement made by Long Well International Holdings Limited (the "Company", together with its subsidiaries, the "Group") to keep the shareholders of the Company (the "Shareholders") and potential investors informed of the latest development of the Group.

Reference is made to the announcements of the Company dated 22 June 2018, 29 June 2018, 18 July 2018, 6 September 2018, 14 September 2018, 2 October 2018, 14 November 2018, 31 December 2018, 18 January 2019, 28 February 2019, 8 March 2019, 4 April 2019, 12 April 2019, 11 June 2019, 14 June 2019, 28 June 2019, 2 July 2019, 31 July 2019, 30 August 2019, 2 October 2019, 19 November 2019, 8 January 2020, 13 January 2020, 20 March 2020, 25 March 2020, 30 March 2020, 8 April 2020, 19 June 2020, 2 July 2020 and 16 July 2020 respectively (collectively the "Announcements"). Capitalised terms used therein shall have the same meanings as those defined in the Announcements unless the context requires otherwise.

LISTING REVIEW COMMITTEE HEARING

As disclosed in the announcement of the Company dated 16 July 2020, the date of the Hearing with the Listing Review Committee (the "Committee") of the Stock Exchange was postponed.

The Company was informed by the Committee that the new hearing date has been fixed for 5 October 2020.

Further announcement(s) will be made by the Company to inform the public on the Hearing as and when appropriate pursuant to the requirement of the Listing Rules.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 9:00 a.m. on 3 July 2018 and will remain suspended until further notice pending fulfilment of the Resumption Guidance.

Further announcement(s) will be made by the Company to inform the Shareholders and potential investors of any material development relating to the captioned matters as and when appropriate.

By order of the Board

Long Well International Holdings Limited

Huang Guobiao

Chairman

Hong Kong, 18 September 2020

As at the date of this announcement, the Board comprises (i) four executive Directors, namely Mr. Huang Guobiao, Mr. Wong Kwok Leung, Professor Kwong Ser Yuen Albert and Mr. Lee Siu Fung; (ii) one non-executive Director, namely Mr. Wu Hao; and (iii) three independent non-executive Directors, namely Mr. Cheung Kwan Hung, Mr. Lam Tze Chung Felix and Mr. Choi Ho Yan.

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