National Investments Fund : CHANGE OF HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

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.

(In Liquidation)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1227)

CHANGE OF HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The Liquidators of National Investments Limited (In Liquidation) (the "Company:") hereby announce that the head office and principal place of business of the Company in Hong Kong has been changed to 22/F, Prince's Building, Central, Hong Kong with effect from 18 February 2021.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange, which has been suspended with effect from 11:20 a.m. on 8 February 2021, remains suspended and will continue to be so until further notice.

For and on behalf of

National Investments Fund Limited

(In Liquidation)

Man Chun So

Yat Kit Jong

Joint and Several Liquidators acting as agents without personal liabilities

Hong Kong, 16 March 2021

On the basis of the information available from the previous announcements made by the Company, immediately before the winding up order was granted against the Company, the Board of the Company comprises an executive Director, namely Mr. Chan Cheong Yee; three non-executive Directors, namely Mr. Wang Ning (Chairman), Ms. Xie Xiangrong and Mr. Huang Hu; and three independent non-executive Directors, namely Mr. Li Li, Mr. Liao Kai and Ms. Wu Xiaoxia.

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