China Finance Investment : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONNECTED TRANSACTION INVOLVING SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

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CHINA FINANCE INVESTMENT HOLDINGS LIMITED 中國金控投資集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 875)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO CONNECTED TRANSACTION INVOLVING SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of China Finance Investment Holdings Limited (the "Company") dated 20 January 2021, 8 February 2021 and 3 March 2021 in relation to the Subscription and the transaction contemplated thereunder (the "Announcements"). Capitalised terms used herein have the same meanings as those defined in the Announcements unless the context requires otherwise.

As stated in the announcement dated 3 March 2021, a circular (the "Circular") containing, among other things, (i) further details of the Subscription; (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders; (iii) a letter of advice from the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders in relation to the Subscription Agreement, the allotment and issue of the Subscription Shares and the transaction contemplated thereunder; and (iv) a notice convening the GM, was expected to be despatched to the Shareholders on or before 10 March 2021.

As additional time is required to finalise certain information to be set out in the Circular, it is currently expected that the date of despatch of the Circular and the notice of the GM will be postponed to a date falling on or before 19 March 2021.

By order of the Board

China Finance Investment Holdings Limited

Lin Yuhao

Chairman

Hong Kong, 10 March 2021

As at the date of this announcement, the board of directors of the Company comprises six directors, including two executive directors, namely Ms. Diao Jing and Mr. Lin Yupa, one non-executive director, namely Mr. Lin Yuhao and three independent non-executive directors, namely Mr. Li Shaohua, Ms. Zhu Rouxiang and Ms. Li Yang.