Maoye International : VOLUNTARY ANNOUNCEMENT ENTERING A INTO THE LOAN SUPPLEMENTAL AGREEMEN

agreement with the Lender, pursuant to which the Guarantors agreed to provide guarantee for the Borrower's liabilities under the Supplementary Agreement with the Lender as the beneficiary;

1. Laiwu Maoye agreed to mortgage its property at Laiwu Maoye Center, No. 1 Wenhua South Road, Laicheng District, and entered into a mortgage agreement with the Lender, pursuant to Laiwu Maoye agreed to mortgage its property located at Laiwu Maoye Center, No. 1, Wenhua South Road, Laicheng District to the Lender for the Borrower's liabilities under the Supplemental Agreement;
2. Laiwu Maoye agreed to pledge its accounts receivables, and entered into a pledge agreement with the Lender, pursuant to which Laiwu Maoye agreed to pledge its accounts receivables in favour of the Lender for the Borrower's liabilities under the Supplementary Agreement; and
3. the Borrower agreed to pledge its 85,000,000 domestic shares of Shengjing Bank Co., Ltd., and entered into a pledge agreement with the Lender, pursuant to which the Borrower agreed to pledge 85,000,000 domestic shares of Shengjing Bank Co., Ltd. in favour of the Lender for the Borrower's liabilities under the Supplementary Agreement.

To the best knowledge, information, and belief of the Directors, the Lender and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

By Order of the Board

Maoye International Holdings Limited

Mr. Huang Mao Ru

Chairman

Hong Kong, 24 February 2020

*for identification purpose only

As at the date of this announcement, the Board comprises two executive directors, namely, Mr. Huang Mao Ru and Mr. Zhong Pengyi; one non-executive director, namely Mr. Wang Bin; and three independent nonexecutive directors, namely, Mr. Chow Chan Lum, Mr. Pao Ping Wing and Mr. Leung Hon Chuen.