Issuance of additional US$25 million 12.5% senior notes due 2021 (to be consolidated and form a single series with the US$110 million 12.5% senior notes due 2021)

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.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act. No securities may be offered or sold in the United States absent registration except pursuant to an exemption from, or a transaction not subject to, the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder. Such prospectus will contain detailed information about the company involved and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

HUIJING HOLDINGS COMPANY LIMITED

滙景控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 9968)

Sole Placing Agent

ISSUANCE OF ADDITIONAL US$25 MILLION 12.5% SENIOR NOTES DUE 2021 (TO BE CONSOLIDATED AND FORM A SINGLE SERIES WITH THE US$110 MILLION 12.5% SENIOR NOTES DUE 2021)

ISSUANCE OF ADDITIONAL US$25 MILLION 12.5% SENIOR NOTES DUE 2021

Reference is made to the announcement of Huijing Holdings Company Limited (the "Company") dated 3 August 2020 in respect of the issue of the Existing Notes (the "Announcement"). Unless the context herein defines otherwise, capitalized terms used in this announcement shall have the same meanings as defined in the Announcement.

On 31 August 2020, the Company and the Subsidiary Guarantors entered into the Additional Subscription and Placing Agreements with, among others, CMBI in connection with the Additional Notes Issue.

The Additional Notes will be offered outside the United States in reliance on Regulation S under the U.S. Securities Act. The Company intends to use the proceeds of the Additional Notes Issue to refinance certain indebtedness and for other general corporate purposes.

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The Existing Notes are listed on the SGX-ST. Approval in-principle has been received from the SGX-ST for the listing and quotation of the Additional Notes on the Official List of the SGX-ST. Admission of the Additional Notes to the Official List of the SGX-ST and quotation of the Notes on the SGX-ST is not to be taken as an indication of the merits of the Company or the Additional Notes. The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement. No listing of the Additional Notes has been sought in Hong Kong.

Reference is made to the Announcement. Unless the context herein defines otherwise, capitalized terms used in this announcement shall have the same meanings as defined in the Announcement.

The Board is pleased to announce that on 31 August 2020, the Company and the Subsidiary Guarantors entered into the Additional Subscription and Placing Agreements with, among others, CMBI in connection with the Additional Notes Issue.

THE ADDITIONAL SUBSCRIPTION AND PLACING AGREEMENTS

CMBI is the sole placing agent in respect of the offer and sale of the Additional Notes. To the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, each of CMBI and the abovementioned subscribers, save as disclosed in the section headed "Subscription of Additional Notes by a connected person" below, is an independent third party and not a connected person of the Company.

The Additional Notes will be offered outside the United States in reliance on Regulation S under the U.S. Securities Act. None of the Additional Notes will be offered to the public in Hong Kong and except for the disclosure below, none of the Additional Notes will be placed to any connected person of the Company.

Principal terms of the Additional Notes

The principal terms of the Additional Notes are the same as the terms of the Existing Notes as set forth in the Announcement, other than the following:

Notes offered

Subject to certain conditions to completion, the Company will issue the Additional Notes in the aggregate amount of US$25 million to be consolidated and form a single series with the

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Existing Notes. The Additional Notes will mature on 5 August 2021, unless earlier redeemed pursuant to the terms thereof.

Offering price

The offering price of the Additional Notes will be 100% of the principal amount of the Additional Notes plus accrued interest from and including 6 August 2020 to (but excluding) 3 September 2020.

Proposed use of proceeds

The Company intends to use the net proceeds of the Additional Notes Issue to refinance certain indebtedness and for other general corporate purposes.

Listing

The Existing Notes are listed on the SGX-ST. Approval in-principle has been received from the SGX-ST for the listing and quotation of the Additional Notes on the Official List of the SGX-ST. Admission of the Additional Notes to the Official List of the SGX-ST and quotation of the Notes on the SGX-ST is not to be taken as an indication of the merits of the Company or the Additional Notes. The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement. No listing of the Additional Notes has been sought in Hong Kong.

SUBSCRIPTION OF ADDITIONAL NOTES BY A CONNECTED PERSON

Pursuant to the Additional Notes Issue, Wui Ying has subscribed the Additional Notes in an aggregate amount of US$5,000,000.

Wui Ying is directly wholly-owned by Mr. Lun Ruixiang, the chairman of the Company and a non- executive Director. Wui Ying is hence an associate of Mr. Lun Ruixiang and thus a connected person of the Company.

As the terms of the subscription are the same as other subscribers in the Additional Notes Issue, the Directors (including the independent non-executive Directors) are of the view that the subscription is being made on normal commercial terms, the terms of which are fair and reasonable and in the interests of the Company and its shareholders as a whole. As the Additional Notes are being issued under normal commercial terms, and that the Additional Notes are not secured by the assets of the Group, the subscription of the Additional Notes by Wui Ying constitutes fully exempt connected transaction under Rule 14A.90 of the Listing Rules.

Since Mr. Lun Ruixiang is the chairman of the Company and a non-executive Director, he is considered to be interested in the subscription of Additional Notes and has abstained from voting on the resolutions at the Board meeting to approve the subscription thereunder to avoid any conflict of interests.

GENERAL INFORMATION

The Company is an investment holding company with its principal subsidiaries engaged in property development.

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Satisfaction of the obligations of the parties pursuant to the Additional Subscription and Placing Agreements is subject to fulfilment, or waiver, of the conditions precedent set out therein. In addition, the Additional Subscription and Placing Agreements may be terminated under certain circumstances set out therein.

DEFINITIONS

Unless the context otherwise requires, the following expressions shall have the following meanings in this announcement:

As at the date of this announcement, the Board comprises Mr. Lun Zhao Ming, Mr. Lau Kam Kwok Dickson and Mr. Lu Peijun as executive Directors, Mr. Lun Ruixiang as a non-executive Director, and Ms. Chiu Lai Kuen Susanna, Mr. Hung Wan Shun Stephen and Ms. Lin Yanna as independent non-executive Directors.

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