Success Universe : VOLUNTARY ANNOUNCEMENT - PURCHASE OF CRYPTOCURRENCY (BITCOIN)

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(Incorporated in Bermuda with limited liability)

(Stock Code: 00487)

VOLUNTARY ANNOUNCEMENT

PURCHASE OF CRYPTOCURRENCY (BITCOIN)

This announcement is made by Success Universe Group Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.

The board of directors of the Company (the "Board") would like to announce that as at 10 May 2021, the Group has purchased an aggregate of approximately 23.4 units of Bitcoin, a cryptocurrency, on an open market cryptocurrency exchange platform at an aggregate consideration of approximately US$1.3 million (equivalent to approximately HK$10.1 million) (the "Investment"), which was financed by the Group's internal resources.

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In recent time, the Board observed increasing popularity of cryptocurrencies in the commercial world, with inclusion of cryptocurrencies in investment portfolios of institutional investors and more companies accepting cryptocurrencies, including Bitcoin, as an official payment option. Although the cryptocurrency market is volatile in the near-term and the prices of cryptocurrencies may be subject to fluctuations, the Board believes that there is still room for cryptocurrencies in general, including that for Bitcoin as a dependable store of value which is one of the longest standing and the largest cryptocurrencies in terms of market capitalisation, to appreciate in value. Having considered the uncertainty in the global economy, the unprecedented government financial stimulus measures, including quantitative easing, adopted around the world, depreciation pressure on the value of fiat currencies due to aggressive increases in money supply by central banks globally, the Board believes that the Investment would diversify the Group's investment portfolio and enhance its asset value.

As all applicable percentage ratios under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") in relation to the Investment are below 5% (the Group has not purchased any Bitcoin or other cryptocurrencies before the Investment), the Investment does not constitute a notifiable transaction for the Company under the Listing Rules. The Company will comply with the relevant disclosure requirements under the Listing Rules in relation to future transactions by the Group regarding cryptocurrencies as and when appropriate.

By order of the Board of

SUCCESS UNIVERSE GROUP LIMITED

Yeung Hoi Sing, Sonny

Chairman

Hong Kong, 10 May 2021

As at the date of this announcement, the Board comprises two executive directors, namely Mr. Yeung Hoi Sing, Sonny (Chairman) and Mr. Ma Ho Man, Hoffman (Deputy Chairman); one non-executive director, namely Mr. Choi Kin Pui, Russelle; and three independent non- executive directors, namely Ms. Yeung Mo Sheung, Ann, Mr. Chin Wing Lok, Ambrose and Mr. Chong Ming Yu.

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