Hangji Global : Implementation of the business plan

Cyprus Stock Exchange

Nicosia

ANNOUNCEMENT

Subject: Hangji Global Limited Implementation of Business Plan

Hangji Global Limited (the "Company") would like to inform its shareholders on the implementation of its Business Plan as stated in the Admission Document dated February 13, 2019. The Company is performing well despite of lot of challenges being caused by the ongoing COVID 19 pandemic and is able to meet the expectation of its stakeholders.

The Company's business focusses mainly on four diversified verticals viz., industrials, green/clean energy, mining and infrastructure - for growth / expansion as well as restructuring / turnaround projects. The company is now planning to expand its business operations through strategic partnership and acquisitions that provide scale and value. We continue to seek niche opportunities through our global network and stay committed to achieve sustained growth in the coming years.

For the year ended 2021, the Company's revenue was USD 112.57 million against the budgeted revenue of USD 155 million - attributed mainly to the global pandemic challenges. Though the Company could not achieve its budgeted turnover for the year, we are confident that once business climate improves we will make up in the coming years for the shortfall due to the ongoing pandemic.

The Company is constantly striving towards its commitment to its business and revenue model as conveyed in its Admission Document. The management continues to explore new opportunities and seek operational enhancements to achieve the Company's broad objectives of 'value chain solutions.' The Company continues to focus on executing commercially viable and sustainable projects, irrespective of geographic location, that will contribute to long-term growth and increasing shareholder value.

Management team of Hangji Global Limited

January 17, 2022

info@hangjiglobal.com

+18444031915