Differ : VOLUNTARY ANNOUNCEMENT THE STRATEGIC COOPERATION AGREEMENT

About this update from Differ Group Auto Limited

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. DIFFER GROUP HOLDING COMPANY LIMITED ཻᔮණྠછٰϞࠢʮ̡ (incorporated in the Cayman Islands with limited liability) (Stock Code: 6878) VOLUNTARY ANNOUNCEMENT THE STRATEGIC COOPERATION AGREEMENT The Board is pleased to announce that the Company and Quanzhou FH Group, an Independent Third Party, entered into the Strategic Cooperation Agreement on 28 March 2021. The Strategic Cooperation Agreement is a master framework agreement which is not intended to be legally binding. This is a voluntary announcement made by the Company. THE STRATEGIC COOPERATION AGREEMENT The Board is pleased to announce that, on 28 March 2021, the Company entered into the Strategic Cooperation Agreement with Quanzhou FH Group, the largest state-owned financial holding group in Quanzhou with a registered capital of RMB10 billion. The Company understands from Quanzhou FH Group that it currently directly holds 19 companies, with state owned capital investment operations as the main body, and financial integrated services and industrial investment operations as the two wings, including banks, funds, venture capital, asset management, financial leasing, micro-finance, pawning, property rights trading and other businesses in various fields. Further, Quanzhou FH Group intends to vigorously promote independent market operation, fully extend its business reach, and expand in the supply chain business, high-tech industry investment, industrial fund management, commercial factoring business and other fields. The Strategic Cooperation Agreement serves as a master framework agreement to record the mutual understanding of intention of future strategic cooperation between the Company and Quanzhou FH Group which is not intended to be legally binding. The proposed strategic cooperation includes, among other things, (i) cooperation in acquiring distressed assets in the Quanzhou District of the PRC; (ii) cooperation in conducting due diligence and devising debt restructuring plans for mergers and/or acquisitions in respect of distressed companies; (...

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