Daisho Microline : FURTHER DELAY IN DESPATCH OF CIRCULAR

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.

DAISHO MICROLINE HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 0567)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcements of Daisho Microline Holdings Limited (the "Company") dated 25 January 2021, 26 January 2021, 12 March 2021 and 15 March 2021, in relation to, among other matters, the major transaction involving the disposal of two vessels. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Announcements, a circular (the "Circular") containing, amongst other things, (1) details of the Disposal and the transactions contemplated thereunder; (2) independent valuation report on the Vessels; and (3) a notice of the SGM is expected to be despatched by the Company to the Shareholders on or before 25 March 2021.

As additional time is required to finalise certain information in the Circular, the despatch of the Circular is expected to be postponed to a date on or before 31 March 2021.

By Order of the Board

Daisho Microline Holdings Limited

LEE Man Kwong

Chairman

Hong Kong, 25 March 2021

As at the date of this announcement, the Board consists of two executive directors, namely, LEE Man Kwong and WONG Siu Hung, Patrick, one non-executive director, namely, YAU Pak Yue and three independent non-executive directors, namely, LEUNG King Fai, CHOU Yuk Yan and CHAN Yau Ching, Bob.