Zhuhai Investment : ANNOUNCEMENT MADE PURSUANT TO RULE 13.18 OF THE LISTING RULES TERM LOAN FACILITY OF UP TO HK$500 MILLION

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ZHUHAI HOLDINGS INVESTMENT GROUP LIMITED मऎછٰҳ༟ණྠϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock Code: 00908)

ANNOUNCEMENT MADE PURSUANT TO RULE 13.18

OF THE LISTING RULES

TERM LOAN FACILITY OF UP TO HK$500 MILLION

This announcement is made by the board ("Board") of directors of Zhuhai Holdings Investment Group Limited ("Company") pursuant to the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities ("Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board announces that, on 26 March 2021, the Company, as borrower, entered into a facility letter ("Facility Letter") with a bank ("Bank"), pursuant to which the Bank has agreed to grant to the Company a term loan facility of up to HK$500 million having the maturity date falling 2 years from the date of each drawdown by the Company under the Facility Letter ("Facility").

Pursuant to the terms of the Facility, each of मऎɘݲΆุ၍ଣϞࠢʮ̡ (Zhuhai Jiuzhou Corporation Management Co., Ltd.*), a wholly-owned subsidiary of the Company, and म ऎɘછגήପϞࠢʮ̡ (Zhuhai Jiuzhou Holdings Property Development Co., Ltd.*) ("ZJ Development Company"), a non wholly-owned subsidiary of the Company and a connected person of the Company under Chapter 14A of the Listing Rules, is required to pledge certain fixed-term bank deposits as security for the Facility ("Pledge"). As the financial assistance by way of the Pledge to be provided by ZJ Development Company is for the benefit of the Company on normal commercial terms where no security over the assets of the Company or its subsidiaries is granted to ZJ Development Company, the Pledge is exempt from compliance with all reporting, announcement and independent shareholders' approval requirements under Chapter 14A of the Listing Rules pursuant to Rule 14A.90 of the Listing Rules.

Under the Facility Letter, the Company has covenanted and undertaken to the Bank, among others, that throughout the term of the Facility:

• (1) मऎ̹ɛ͏ִ݁਷Ϟ༟ପ္ຖ၍ଣ։ࡰึ (Zhuhai Municipal People's Government State-owned Assets Supervision and Administration Commission*) shall directly or indirectly remain as the single largest shareholder of the Company or maintain control over the management of the Company; and

• (2) Subsequent to the withdrawal of listing of the Company's shares on the Stock Exchange pursuant to the proposal for the privatisation of the Company by way of scheme of arrangement as announced by the Company on 22 January 2021, मऎɘݲછٰණྠϞࠢ ʮ̡ (Zhuhai Jiuzhou Holdings Group Co., Ltd.*) ("ZJ Holdings") shall issue a letter of comfort in the form satisfactory to the Bank for the purpose of providing assurance for the due repayment of the Facility.

As at the date of this announcement, ZJ Holdings holds, directly and indirectly, an aggregate of 878,155,109 ordinary shares of the Company, representing approximately 61.50% of the entire issued share capital of the Company.

The Company will, in compliance with Rule 13.21 of the Listing Rules, include appropriate disclosure in its interim and annual reports for so long as circumstances giving rise to the disclosure obligation under Rule 13.18 of the Listing Rules continue to exist.

By Order of the Board

Zhuhai Holdings Investment Group Limited

Zeng Jianping

Chairman

Hong Kong, 26 March 2021

As at the date of this announcement, the Board comprises Mr. Zeng Jianping, Mr. Jin Tao, Mr. Ye Yuhong and Mr. Li Wenjun as executive Directors; Mr. Zou Chaoyong as non-executive Director; and Mr. Hui Chiu Chung, Mr. Chu Yu Lin, David, Mr. Albert Ho and Mr. Wang Yijiang as independent non-executive Directors.

*

The English transliteration of the Chinese names in this announcement, where indicated, is included for information only, and should not be regarded as the official English names of such Chinese names.