Xinming China : CLARIFICATION ANNOUNCEMENT IN RELATION TO THE NOTICE OF AGM AND THE AGM CIRCULAR

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Xinming China Holdings Limited

新明中國控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2699)

CLARIFICATION ANNOUNCEMENT

IN RELATION TO THE NOTICE OF AGM AND THE AGM CIRCULAR

Reference is made to the circular of Xinming China Holdings Limited (the "Company") dated 21 April 2020 (the "AGM Circular") and the announcement of the Company relating to the notice of the annual general meeting of the Company to be held on 24 June 2021 (the "Notice of AGM"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the AGM Circular.

The Company would like to make the following clarification (as underlined herein for identification purpose) to the information contained in note 7 to the notice of AGM in the AGM Circular and the Notice of AGM: The register of members of the Company will be closed from Monday, 21 June 2021 to Thursday, 24 June 2021 (both dates inclusive) during which period no transfer of shares will be registered. In order to attend and vote at the AGM, all transfer of shares accompanied by the relevant share certificates and transfer forms must be lodged with the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration no later than 4: 30 p.m. on Friday, 18 June 2021.

The typographical error as clarified above has no effect on the notice period to Shareholders for the AGM or the date of the AGM.

Save as disclosed in this announcement, all information set out in the AGM Circular, the Notice of AGM and the proxy forms for the AGM remain unchanged.

By Order of the Board

Xinming China Holdings Limited

Chen Chengshou

Chairman and Chief Executive Officer

Hong Kong, 29 April 2021

As at the date of this announcement, the executive Directors are Mr. Chen Chengshou, Mr. Feng Cizhao and Mr. Pu Wei; the non-executive Directors are Ms. Gao Qiaoqin, Mr. Chou Chiu Ho and Mr. Choi Clifford Wai Hong; and the independent non-executive Directors are Mr. Fong Wo, Felix, Mr. Gu Jiong, Mr. Lo Wa Kei, Roy and Mr. Chu Kin Wang Peleus.