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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of Milan Station Holdings Limited.

MILAN STATION HOLDINGS LIMITED

米 蘭 站 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1150)

    1. DELAY IN DESPATCH OF CIRCULAR;
  2. REVISED EXPECTED TIMETABLE AND CHANGE OF BOOK CLOSURE PERIODS AND THE RECORD DATE; AND
  1. SUPPLEMENTAL UNDERWRITING AGREEMENT IN RELATION TO
  1. PROPOSED RIGHTS ISSUE ON THE BASIS OF

FIVE (5) RIGHTS SHARES FOR EVERY TWO (2) EXISTING SHARES

HELD ON THE RECORD DATE AT THE SUBSCRIPTION PRICE

OF HK$0.11 PER RIGHTS SHARE; AND

(2) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

Reference is made to the announcement of Milan Station Holdings Limited (the "Company") dated 28 August 2020 (the "Announcement") in relation to the Rights Issue and the Increase in Authorised Share Capital. Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Announcement.

DELAY IN DESPATCH OF THE CIRCULAR

As disclosed in the Announcement, the Circular containing, among other things, (i) further information on the Rights Issue and the Increase in Authorised Share Capital; (ii) the recommendation of the Independent Board Committee to the Independent Shareholders regarding the Rights Issue; (iii) a letter from the Independent Financial Adviser containing their advice to the Independent Board Committee and the Independent Shareholders regarding the Rights Issue; and

  1. the notice of the EGM, is expected to be despatched to the Shareholders on or before Friday, 18 September 2020. As additional time is required for the Company to finalise the information to be contained in the Circular, it is expected that the despatch date of the Circular will be postponed to a date falling on or before Friday, 9 October 2020.

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REVISED EXPECTED TIMETABLE

As a result of the delay in despatch of the Circular, the expected timetable for the Rights Issue and the Increase in Authorised Share Capital has been revised as below:

Event

Time and date

Expected date of despatch of the Circular . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 9 October 2020

Latest time for lodging transfers of the Shares to qualify for

attendance and voting at the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Monday, 19 October 2020

Register of members of the Company closes

(both days inclusive) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 20 October 2020 to Tuesday, 27 October 2020

Latest time for lodging proxy forms for the EGM. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Sunday, 25 October 2020

Record date for attendance and voting at the EGM . . . . . . . . . . . . . . . . . Tuesday, 27 October 2020

Expected date and time of the EGM to approve the Rights Issue and the Increase in

Authorised Share Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Tuesday, 27 October 2020

Announcement of the poll result of the EGM . . . . . . . . . . . . . . . . . . . . . Tuesday, 27 October 2020

Register of members of the Company re-opens . . . . . . . . . . . . . . . . . . Wednesday, 28 October 2020

Last day of dealings in Shares on cum-rights basis . . . . . . . . . . . . . . . Wednesday, 28 October 2020

First day of dealings in Shares on ex-rights basis . . . . . . . . . . . . . . . . . .Thursday, 29 October 2020

Latest time for lodging transfer of Shares to qualify

for the Rights Issue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 30 October 2020

Register of members of the Company closes

(both days inclusive) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 2 November 2020 to Friday, 6 November 2020

Record Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 6 November 2020

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Event

Time and date

Prospectus Posting Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 9 November 2020

Register of members of the Company re-opens . . . . . . . . . . . . . . . . . . . Monday, 9 November 2020

First day and time of dealings in nil-paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Wednesday, 11 November 2020

Latest day and time for splitting of PALs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 13 November 2020

Last day and time of dealings in nil-paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 18 November 2020

Latest Time for Acceptance as well as latest time for application for excess Rights Shares and payment for

the Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Monday, 23 November 2020

Latest Time for Termination of the Underwriting Agreement by

the Underwriter and the Rights Issue becomes unconditional . . . . . . . . . . . . . . . . . . 4:00 p.m. on Tuesday, 24 November 2020

Announcement of the results of the Rights Issue. . . . . . . . . . . . . . . . . Monday, 30 November 2020

Despatch of refund cheques, if any, in respect of wholly or partially unsuccessful applications for

excess Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tuesday, 1 December 2020

Despatch of certificates for fully-paid Rights Shares. . . . . . . . . . . . . . . .Tuesday, 1 December 2020

Commencement of dealings in fully-paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Wednesday, 2 December 2020

Designated broker starts to stand in the market to provide matching services for sale and purchase of

odd lots of the Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 2 December 2020

Designated broker ceases to stand in the market to provide matching services for sale and purchase of

odd lots of the Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tuesday, 22 December 2020

Note: All times and dates stated above refer to Hong Kong times and dates.

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Dates stated in this announcement for event mentioned in the timetable are indicative only and may be extended or varied. Any changes to the above expected timetable will be announced in a separate announcement by the Company as and when appropriate in accordance with the Listing Rules.

CHANGE OF BOOK CLOSURE PERIODS AND THE RECORD DATE

The Shareholders should note that as a result of the revision of the expected timetable set out above:

  1. the register of members of the Company will be closed from Tuesday, 20 October 2020 to Tuesday, 27 October 2020 (both days inclusive) to determine the eligibility of the Shareholders to attend and vote at the EGM;
  2. the register of members of the Company will be closed from Monday, 2 November 2020 to Friday, 6 November 2020 (both days inclusive) to determine the eligibility of the Shareholders for the Rights Issue; and
  3. the Record Date for the determination of the entitlements to the Rights Issue is changed to Friday, 6 November 2020.

No transfer of Shares will be registered during the book closure periods as stated in paragraphs (i) and (ii) above.

SUPPLEMENTAL UNDERWRITING AGREEMENT

As a result of the revision of the expected timetable set out above, on 18 September 2020, the Company and the Underwriter entered into the supplemental agreement to the Underwriting Agreement to revise certain dates for the expected timetable of the Rights Issue. Save for the revision to the expected timetable of the Rights Issue, all other terms and conditions of the Underwriting Agreement shall remain unchanged.

By Order of the Board

Milan Station Holdings Limited

HU Bo

Executive Director

Hong Kong, 18 September 2020

As at the date of this announcement, the Board comprises Mr. Hu Bo and Mr. Li Zhongqi as Executive Directors; Mr. Chan Chi Hung, Mr. Tou Kin Chuen and Mr. Choi Kam Yan, Simon as Independent Non-executive Directors.

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Milan Station Holdings Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 11:14:03 UTC