Dragon Rise : PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

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.

Dragon Rise Group Holdings Limited

龍 昇 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 6829)

PRECAUTIONARY MEASURES

FOR THE ANNUAL GENERAL MEETING

References are made to the notice of annual general meeting ("AGM") of Dragon Rise Group Holdings Limited (the "Company") and the circular of the Company (the "Circular"), both dated 14 July 2020, in relation to the AGM of the Company to be held at Room 30/F, Courtyard By Marriott, 1 On Ping Street, Shatin, New Territories, Hong Kong on Friday, 14 August 2020, at 10:00 a.m.. Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Circular.

PRECAUTIONARY MEASURES

In view of the recent development of the global pandemic caused by the novel coronavirus (COVID-19) and the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Chapter 599G of the Laws of Hong Kong), the Company will implement the following precautionary measures at the Company's AGM, to ensure the safety of the Shareholders and other participants who will attend the AGM:

1. seating at the AGM Venue will be arranged to allow for appropriate social distancing. As a result, there will be limited capacity for Shareholders. The Company may limit the number of attendees at the AGM as may be necessary to avoid overcrowding;
2. at the entrance of the AGM Venue, a compulsory body temperature check will be conducted on every person attending the AGM. Any person with a body temperature of over 37.3 degrees Celsius will not be admitted to the AGM Venue;
3. no entry to the AGM venue is allowed for any attendee who is subject to quarantine order by the Government of the Hong Kong Special Administrative Region;
4. every attendee is required to wear a face mask at all times while within the AGM Venue;
5. should any attendee decline any of the abovementioned measures, the Company reserves the right to refuse to admit such person to the AGM; and

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1. no refreshment will be served at the AGM.

The Company wishes to advise Shareholders that they may appoint any person or the chairman of the AGM as a proxy to vote on resolutions, instead of attending the AGM in person.

T h e f o r m o f p r o x y c a n b e d o w n l o a d e d f r o m t h e w e b s i t e o f t h e C o m p a n y a t http://www.kitkee.com.hk or the website of Hong Kong Exchanges and Clearing Limited at https://www.hkexnews.hk. In order to be valid, the signed and completed proxy form must be deposited at Company's Hong Kong Branch Share Registrar, Boardroom Share Registrars (HK) Limited, at Room 2103B, 21/F, 148 Electric Road, North Point, Hong Kong not less than 48 hours before the time appointed for the holding of the AGM.

Subject to the development of COVID-19, the Company may implement further precautionary measures, and may issue further announcements on such measures as and when appropriate. Shareholders and participants attending the AGM are advised to arrive at the AGM venue as early as possible as the precautionary measures may cause delay in the registration process.

By order of the Board

Dragon Rise Group Holdings Limited

Yip Yuk Kit

Chairman and Executive Director

Hong Kong, 3 August 2020

As at the date of this announcement, the Board comprises Mr. Yip Yuk Kit and Mr. Cheung Chun Fai as executive Directors; and Mr. Lo Chi Wang, Mr. Chan Ka Yu, Mr. Lee Kwok Lun and Mr. Chan Wa Shing as independent non-executive Directors.

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