Xingda International : INSIDE INFORMATION UPDATE ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF THE TIRE-RELATED BUSINESS OF THE GROUP ON A STOCK EXCHANGE IN THE PRC

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.

XINGDA INTERNATIONAL HOLDINGS LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1899)

INSIDE INFORMATION

UPDATE ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF THE

TIRE-RELATED BUSINESS OF THE GROUP

ON A STOCK EXCHANGE IN THE PRC

This announcement is made by Xingda International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 21 August 2020 and 20 November 2020 respectively (collectively, the "Announcements") in relation to the proposed spin-off and separate listing of the tire-related business which is operated mainly by the Company's non-wholly owned subsidiary, 江蘇興達鋼簾線股份有限公司 (Jiangsu Xingda Steel Tyre Cord Co. Ltd.*) ("Jiangsu Xingda"), by way of A shares listing on a stock exchange in the People's Republic of China (the "PRC") (the "Proposed Spin-offand Separate Listing"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

On 20 April 2021, the Jiangsu Province Regulatory Bureau of the China Securities Regulatory Commission (the "CSRC") accepted the application filed by the sponsor of the Proposed Spin-off and Separate Listing of Jiangsu Xingda for the commencement of the pre-listing tutoring process for the Proposed Spin-off and Separate Listing.

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The Company had submitted an application in relation to the Proposed Spin-off and Separate Listing to the Hong Kong Stock Exchange for approval pursuant to Practice Note 15 of the Listing Rules. There is no assurance that the Hong Kong Stock Exchange will approve the Proposed Spin-off and Separate Listing. As at the date of this announcement, no formal listing application had been submitted with any relevant regulatory authorities in the PRC.

The Proposed Spin-off and Separate Listing, if it proceeds, may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. The Company will make further announcement(s) in relation to the Proposed Spin-off and Separate Listing as and when appropriate in compliance with the Listing Rules.

Shareholders and potential investors of the Company should be aware that the Proposed Spinoff and Separate Listing is subject to, among others, the approvals from the relevant regulatory authorities in Hong Kong (including the Hong Kong Stock Exchange) and in the PRC and the Proposed Spin-off and Separate Listing may or may not proceed. Accordingly, shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

* for identification purpose only

By Order of the Board of

Xingda International Holdings Limited

Liu Jinlan

Chairman of the Board

Shanghai, the PRC, 20 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. LIU Jinlan, Mr. LIU Xiang, Mr. TAO Jinxiang and Mr. ZHANG Yuxiao and the independent non-executive directors of the Company are Mr. KOO Fook Sun, Louis, Mr. William John SHARP and Ms. XU Chunhua.

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