Ban Loong : FURTHER DELAY IN DISPATCH OF CIRCULAR

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This announcement appears for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

(incorporated in Bermuda with limited liability)

(Stock Code: 30)

FURTHER DELAY IN DISPATCH OF CIRCULAR

Reference is made to the announcements (the "Announcements") of Ban Loong Holdings Limited (the "Company") dated 14 October 2019, 4 November 2019, 18 November 2019, 2 December 2019, 16 December 2019, 31 December 2019, 31 January 2020, 14 February 2020, 28 February 2020, 31 March 2020, 3 May 2020 and 31 July 2020 regarding the connected transaction in relation to the Subscription of Convertible Bonds by Yunnan Baiyao Group, the delay in dispatch of Circular and the extensions of the Long Stop Date. Unless the context otherwise requires, capitalized terms in this announcement shall have the same meanings as defined in the Announcements.

As additional time is required for the Company to prepare and finalize the Circular, the Company now expects that the dispatch of the Circular will be further delayed to a date falling on or before 30 September 2020.

By order of the Board

Ban Loong Holdings Limited

Chow Wang

Deputy Chairman & Chief Executive Officer

Hong Kong, 31 August 2020

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As at the date of this announcement, the Board of the Company comprises:

Executive Directors:

Mr. Wang Minghui (Chairman)

Mr. Chow Wang (Deputy Chairman & Chief Executive Officer) Mr. Yin Pinyao

Mr. Chu Ka Wa (Chief Financial Officer)

Mr. Wang Zhaoqing (Chief Operating Officer)

Non-executive Director:

Mr. Fong For

Independent Non-executive Directors:

Mr. Jiang Zhi

Mr. Leung Ka Kui, Johnny

Ms. Wong Chui San, Susan

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