Good Friend International : (1) POSTPONEMENT OF BOARD MEETING; AND (2) DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 AND DESPATCH OF 2020 ANNUAL REPORT

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GOOD FRIEND INTERNATIONAL HOLDINGS INC.

友佳國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2398)

1. 1. POSTPONEMENT OF BOARD MEETING;
      AND
2. DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS
   ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
   AND DESPATCH OF 2020 ANNUAL REPORT

Reference is made to (i) the announcement of unaudited annual results for the year ended 31 December 2020 of Good Friend International Holdings Inc. (the "Company", together with its subsidiaries, the "Group") dated 31 March 2021 (the "Announcement"); and (ii) the announcement of the Company dated 20 April 2021 in relation to the meeting of the board of directors of the Company (the "Board") to be held on Friday, 30 April 2021 (the "Board Meeting") to approve the audited annual results of the Group for the year ended 31 December 2020 and its publication.

As disclosed in the Announcement, the auditing process for the annual results for the year ended 31 December 2020 was expected to be completed on or before 30 April 2021. However, due to the current situation in relation to the outbreak of COVID-19 in Germany and Italy (in which the Company's associated companies are located), additional time is required to complete the auditing process. The Company wishes to update the shareholders of the Company and potential investors that the auditing process is expected to be completed on or before 14 May 2021, and therefore, the Company expects that the 2020 audited annual results and the 2020 annual report will be published on or before 14 May 2021 .

The Board hereby announces that the Board Meeting will be postponed to 14 May 2021.

By Order of the Board

Good Friend International Holdings Inc.

CHU Chih-Yaung

Chairman

Hong Kong, 28 April 2021

As at the date of this announcement, the Board comprises (i) three executive directors, namely Mr. Chu Chih-Yaung, Mr. Chen Min-Ho and Mr. Wen Chi-Tang; and (ii) three independent non-executive directors, namely Mr. Koo Fook Sun, Louis, Mr. Yu Yu-Tang and Mr. Kao Wen-Cheng.