Honghua : POSTPONEMENT OF ANNUAL GENERAL MEETING AND CHANGE OF BOOK CLOSURE PERIOD

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Honghua Group Limited

宏華集團有限公司

(a company incorporated in the Cayman Islands with limited liability)

(Stock Code: 196)

POSTPONEMENT OF ANNUAL GENERAL MEETING AND

CHANGE OF BOOK CLOSURE PERIOD

Reference is made to the annual results announcement for the year ended 31 December 2020 of Honghua Group Limited (the "Company") dated 29 March 2021 (the "Results Announcement") and the 2020 annual report (the "2020 Annual Report"). Reference is also made to the annual general meeting (the "AGM") circular (the "AGM Circular"), the AGM notice (the "AGM Notice") and the proxy form (the "Proxy Form") of the Company dated 20 April 2021. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as defined in the AGM Circular.

POSTPONEMENT OF THE AGM

Pursuant to the Results Announcement, the 2020 Annual Report, the AGM Circular, the AGM Notice and the Proxy Form (the "Publications"), the AGM was originally scheduled to be held at 2:00 p.m. on Wednesday, 26 May 2021. As additional resolution has been contemplated to be proposed to the AGM for consideration, the Company has decided to postpone the AGM to 10:00 a.m. on Tuesday, 1 June 2021 with the meeting venue remaining unchanged (the "Postponement of the AGM").

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CHANGE OF BOOK CLOSURE PERIOD

The register of members of the Company was originally scheduled to be closed from Friday, 21 May 2021 to Wednesday, 26 May 2021, both days inclusive, for the purpose of ascertaining the entitlement of the shareholders of the Company (the "Shareholders") to attend and vote at the AGM. Due to the Postponement of the AGM, the register of members of the Company will be closed from Thursday, 27 May 2021 to Tuesday, 1 June 2021, both days inclusive, during which period no transfer of shares of the Company will be registered, for the purpose of ascertaining the entitlement of the Shareholders to attend and vote at the AGM. In order to be eligible to attend and vote at the AGM, all transfer documents accompanied by the relevant share certificates must be lodged with the Hong Kong branch share registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration no later than 4:30 p.m. on Wednesday, 26 May 2021.

Save as disclosed above, all information and content contained in the Publications remain unchanged.

By order of the Board

Honghua Group Limited

Jin Liliang

Chairman

PRC, 12 May 2021

As at the date of this Announcement, the executive directors of the Company are Mr. Jin Liliang (Chairman), Mr. Zhang Mi and Mr. Ren Jie; the non-executive directors of the Company are Mr. Han Guangrong and Mr. Chen Wenle; and the independent non-executive directors of the Company are Mr. Liu Xiaofeng, Mr. Chen Guoming, Ms. Su Mei, Mr. Poon Chiu Kwok, Mr. Chang Qing and Mr. Wei Bin.

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