DL : FURTHER DELAY IN DESPATCH OF CIRCULAR FOR THE SUBSCRIPTION OF NEW WARRANTS UNDER SPECIFIC MANDATE

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DL HOLDINGS GROUP LIMITED

德 林 控 股 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 1709)

FURTHER DELAY IN DESPATCH OF CIRCULAR

FOR THE SUBSCRIPTION OF NEW WARRANTS

UNDER SPECIFIC MANDATE

Reference is made to (i) the announcement of DL Holdings Group Limited (the ''Company'') dated 5 February 2021 in relation to, among other things, the Warrant Subscription; and (ii) the announcement of the Company dated 1 March 2021 and 19 March 2021 in relation to the delay in despatch of the circular in relation to the Warrant Subscription (the ''Announcements''). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless the context requires otherwise.

As disclosed in the Announcements, a circular (the ''Circular'') containing, among other things, further details of the Warrant Subscription Agreement; the allotment and issue of the Warrant Shares; and the notice of the EGM, is expected to be despatched to the Shareholders on or before 14 April 2021.

As additional time is required for the Company to prepare and finalise certain information in the Circular, the despatch date of the Circular is expected to be delayed to a date falling on or before 30 April 2021.

By Order of the Board

DL Holdings Group Limited

Jiang Xinrong

Chairman & Executive Director

Hong Kong, 14 April 2021

As at the date of this announcement, the executive Directors are Ms. Jiang Xinrong and Mr. Chen Ningdi; the non-executive Directors are Mr. Chan Kwun Wah Derek and Mr. Li Ren; and the independent non-executive Directors are Mr. Chang Eric Jackson, Mr. Chen Cheng- Lien (also known as Chen Cheng-Lang and Chen Stanley) and Mr. Liu Chun.