Forebase International : REQUISITION FOR EXTRAORDINARY GENERAL MEETING TO REMOVE DIRECTORS

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FOREBASE INTERNATIONAL HOLDINGS LIMITED

申 基 國 際 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 2310)

REQUISITION FOR EXTRAORDINARY GENERAL MEETING

TO REMOVE DIRECTORS

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of Forebase International Holdings Limited (the "Company") announces that it has received at the Company's registered office a written requisition dated 21 November 2019 (the "Requisition Notice") from Rich Vision Developments Limited (the "Requisitionist") requiring the Board to convene an extraordinary general meeting of the Company (the "Proposed EGM") for the purpose of considering, and if thought fit, passing the following ordinary resolutions:

1. To remove SHEN Yong (申勇) as an executive Director with effect from the close of the Proposed EGM; and
2. To remove WANG Yi Ya (王一雅) as an executive Director with effect from the close of the Proposed EGM.

The Requisition Notice did not set out any reasons and/or grounds for the proposed removal of Directors. Accordingly, the Board is not able to provide shareholders of the Company with any reasons and/or grounds in respect of the said proposed removal of Directors for consideration.

As at the date of the Requisition Notice, the Requisitionist is the registered shareholder of the Company holding an aggregate of 36,430,000 shares of the Company, representing approximately 5% of the issued share capital of the Company.

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Pursuant to section 567 of the Companies Ordinance (Cap. 622, Laws of Hong Kong) (the "Companies Ordinance"), a circular containing, among other things, details of the Requisition Notice together with the notice (the "EGM Notice") convening the Proposed EGM shall be despatched to the shareholders of the Company within 21 days after the date of deposit of the Requisition Notice at the Company's registered office.

Pursuant to section 567 of the Companies Ordinance, the Proposed EGM must be held on a date not more than 28 days after the date of the EGM Notice.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Forebase International Holdings Limited

LEUNG TAK CHEE FRANKIE

Company Secretary

Hong Kong, 21 November 2019

As at the date hereof, the executive Directors are Ms. YEUNG So Mui, Mr. CHOI Yun Chor, Mr. NG Kwai Wah Sunny, Mr. CHEN Jian, Mr. TAI Kwok Keung Kenny, Mr. LIN Junwei, Mr. SHEN Yong and Ms. WANG Yi Ya; and the independent non-executive Directors are Ms. LAI Cheuk Yu Cherrie, Mr. TING Wong Kacee, Dr. LOKE Yu (alias LOKE Hoi Lam).

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