Grown Up Investment : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2019

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.

Grown Up Group Investment Holdings Limited

植華集團投資控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1842)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2019

Reference is made to the annual report (the "Annual Report") of Grown Up Group Investment Holdings Limited (the "Company") for the year ended 31 December 2019 published by the Company on 28 April 2020. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Annual Report.

Further to the information disclosed in the section headed "Directors' Report" of the Annual Report, the Company wishes to provide shareholders of the Company and potential investors of the Company with the following supplemental information.

DEED OF NON-COMPETITION

Each of Mr. Thomas Berg, Mr. Morten Rosholm Henriksen, Berg Group Holding Limited, Easy Achiever Holdings Limited, Elect Lead Limited, GP Group Investment Holding Limited and Rosholm Holding ApS (together, the "Controlling Shareholders") had given written declarations to the Company and had confirmed to the Company of their respective due compliance with the terms of the deed of non-competition dated 30 May 2019 executed by the Controlling Shareholders in favour of the Company (the "Deed") since 28 June 2019 (the "Listing Date") to 31 December 2019.

Our independent non-executive Directors have reviewed the declarations made by the Controlling Shareholders regarding the compliance of the Deed and were satisfied that the terms of the Deed had been duly complied with and enforced since the Listing Date and up to 31 December 2019.

During the year ended 31 December 2019, the Board had not received any written confirmation from any of the Directors in respect of interest in any business (other than the Group) which is or is likely to be directly or indirectly in competition with our business.

- 1 -

The Board confirms that the above supplemental information does not affect other information contained in the Annual Report, and save as disclosed in this announcement, the contents of the Annual Report remain unchanged.

By order of the Board

Grown Up Group Investment Holdings Limited

Thomas Berg

Chairman and executive Director

Hong Kong, 9 September 2020

As at the date of this announcement, the executive Directors of the Company are Mr. Thomas Berg, Mr. Morten Rosholm Henriksen, Mr. Cheng Wai Man, Mr. Brian Worm and Mr. Yuan Ye; the non-executive Director of the Company is Mr. Fung Bing Ngon Johnny; and the independent non-executive Directors of the Company are Mr. Tang Tin Lok Stephen, Mr. Lau Ning Wa Ricky and Mr. Jiang Yuan Kun.

- 2 -