Leyou Technologies : FURTHER DELAY IN DESPATCH OF CIRCULAR MAJOR TRANSACTION AND CONNECTED TRANSACTION IN RELATION TO THE COOPERATIVE AGREEMENT

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LEYOU TECHNOLOGIES HOLDINGS LIMITED ᆀ༷߅ҦછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

6WRFN &RGH

FURTHER DELAY IN DESPATCH OF CIRCULAR MAJOR TRANSACTION AND CONNECTED TRANSACTION

IN RELATION TO THE COOPERATIVE AGREEMENT

Reference is made to the announcements of Leyou Technologies Holdings Limited (the "Company") dated 9 November 2018 (the "Announcement") and 12 December 2018 (the "Delay Announcement"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and the Delay Announcement.

As disclosed in the Delay Announcement, a circular (the "Circular") containing, among other things, (i) further information of the Cooperation and the Cooperative Agreement; (ii) a letter of advice from the Independent Board Committee to the Independent Shareholders; (iii) a letter of advice from the Independent Financial Adviser to both the Independent Board Committee and the Independent Shareholders; and (iv) a notice of the EGM, is expected to be despatched to the Shareholders on or before 4 January 2019.

As additional time is required to prepare and finalise certain information to be included in the Circular, it is expected that the date of despatch of the Circular will be further postponed to a date falling on or before 25 January 2019.

By order of the Board

Leyou Technologies Holdings Limited

Xu Yiran

Chairman and Chief Executive Officer

Hong Kong, 2 January 2019

As at the date of this announcement, the Board comprises Mr. Xu Yiran (Chairman and Chief Executive Officer), Mr. Li Yang (Deputy Chairman), Mr. Gu Zhenghao and Mr. Cao Bo as executive Directors, Mr. Eric Todd and Mr. Cheng Chi Ming Brian as non-executive Directors, and Mr. Hu Chung Ming, Mr. Chan Chi Yuen and Mr. Kwan Ngai Kit as independent non-executive Directors.