China Creative Global : ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

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.

CHINA CREATIVE GLOBAL HOLDINGS LIMITED

中創環球控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1678)

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

This announcement is made by the board (the "Board") of directors ("Directors") of China Creative Global Holdings Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 3.7 of The Codes on Takeovers and Mergers and Share Buy-backs (the "Takeovers Code") and Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the Company's announcements dated 21 August 2019, 22 August 2019 and 2 September 2019 (the "Announcements") relating to the Letter and the Further Letter. Terms used herein shall have the same meanings as defined in the Announcements unless otherwise stated. The Company had received a letter from RSM Corporate Advisory (Hong Kong) Limited ("RSM") regarding the appointment of Mr. Osman Mohammed Arab and Mr. Lai Wing Lun as joint and several receivers and managers (the "Receivers") over 1,086,725,180 shares of the Company (the "Charged Shares") held by China Wisdom Asia Limited ("CWAL"). The Charged Shares represent approximately 50.08% of the issued share capital of the Company as at the date of this announcement.

To the best of the knowledge of the Directors, CWAL is a company wholly owned by Central Profit Group Limited, which is in turn wholly-owned by Mr. Chen Fanglin, the chairman of the Board and an executive Director.

The Company is given to understand that the Receivers are in the course of selling the Charged Shares. If the Receivers successfully sell the Charged Shares, an obligation to make a general offer for the Company will likely be triggered.

1

SECURITIES OF THE COMPANY

As at the date of this announcement, the relevant securities of the Company comprise 2,170,000,000 Shares. Save for the aforesaid, the Company has no other relevant securities (as defined in Note 4 to Rule 22 of the Takeovers Code) as at the date of this announcement.

MONTHLY UPDATE

In accordance with Rule 3.7 of the Takeovers Code, monthly announcement(s) will be made until announcement of firm intention to make an offer under Rule 3.5 of the Takeovers Code or of a decision not to proceed with an offer is made. Further announcement(s) will be made by the Company as and when appropriate or required in accordance with the Listing Rules and the Takeovers Code (as the case may be).

DEALING DISCLOSURE

For the purposes of the Takeovers Code, the offer period commences from the date of this announcement, being 11 August 2020.

In accordance with Rule 3.8 of the Takeovers Code, respective associates of the Company (as defined in the Takeovers Code, including among others, shareholders of the Company having interests of 5% or more in the relevant securities (as defined in Note 4 to Rule 22 of the Takeovers Code) of the Company) and any potential purchaser of the Charged Shares are hereby reminded to disclose their dealings in the securities of the Company pursuant to the requirements of the Takeovers Code.

RESPONSIBILITIES OF STOCKBROKERS, BANKS AND OTHER INTERMEDIARIES

In accordance with Rule 3.8 of the Takeovers Code, reproduced below is the full text of Note

11 to Rule 22 of the Takeovers Code:

"Stockbrokers, banks and others who deal in relevant securities on behalf of clients have a general duty to ensure, so far as they are able, that those clients are aware of the disclosure obligations attaching to associates of an offeror or the offeree company and other persons under Rule 22 and that those clients are willing to comply with them. Principal traders and dealers who deal directly with investors should, in appropriate cases, likewise draw attention to the relevant Rules. However, this does not apply when the total value of dealings (excluding

2

stamp duty and commission) in any relevant security undertaken for a client during any 7 day period is less than $1 million.

This dispensation does not alter the obligation of principals, associates and other persons themselves to initiate disclosure of their own dealings, whatever total value is involved.

Intermediaries are expected to co-operate with the Executive in its dealings enquiries. Therefore, those who deal in relevant securities should appreciate that stockbrokers and other intermediaries will supply the Executive with relevant information as to those dealings, including identities of clients, as part of that co-operation."

Warnings: The possible sale of the Charged Shares may or may not materialize, and even if materializes, may or may not result in a change of control and lead to a general offer under Rule 26.1 of the Takeovers Code. Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company, and if they are in any doubt about their position, they should consult their professional adviser(s).

By order of the Board

China Creative Global Holdings Limited

Chen Fanglin

Chairman

Hong Kong, 11 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. Chen Fanglin, Mr. Shen Jianzhong, Mr. Chen Jiang, Mr. Xu Qiang, Mr. Zheng Hebin and Ms. Hui Sai Ha; and the independent non-executive directors of the Company are Mr. Dai Jianping and Mr. Huang Songqing.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

3