Century Sunshine : UPDATE ON POSSIBLE DEBT RESTRUCTURING

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.

(in provisional liquidation) (for restructuring purposes only)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 509)

UPDATE ON POSSIBLE DEBT RESTRUCTURING

Reference is made to the announcements of Century Sunshine Group Holdings Limited (in provisional liquidation) (for restructuring purposes only) (the "Company", together with its subsidiaries the "Group") dated 3 July 2020, 8 July 2020, 9 July 2020 and 15 July 2020 (the "Announcements") in relation to, among other things, the winding up petition (the "Petition") and application for the appointment of "light touch" joint provisional liquidators for debt restructuring purposes. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

The Company would like to announce that the Petition has been listed by the Grand Court to be heard on Monday, 12 October 2020 at 9:00 a.m. (Cayman Islands time).

Further announcement(s) on the development of the Petition will be made by the Company to update the shareholders and potential investors of the Company as and when required.

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Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the Shares or other securities of the Company.

By Order of the Board

Century Sunshine Group Holdings Limited

(in provisional liquidation)

(for restructuring purposes only)

Shum Sai Chit

Executive Director

Hong Kong, 11 August 2020

As at the date of this announcement, the Directors are:

Executive Directors	:	Mr. Chi Wen Fu, Mr. Shum Sai Chit and Mr. Chi Jing Chao
Non-executive Director	:	Mr. Guo Mengyong
Independent Non-executive	:	Mr. Cheung Sound Poon, Mr. Sheng Hong and Mr. Lau Chi Kit
Directors

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