Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

POSSIBLE MAJOR TRANSACTION AND DEEMED DISPOSAL

REGARDING THE PROPOSED SPIN-OFF AND SEPARATE LISTING OF

BAUHINIA INK COMPANY LIMITED

Reference is made to the announcement of Yip's Chemical Holdings Limited (the "Company") dated 21 July 2020 (the "Announcement") in relation to the possible major

transaction and deemed disposal regarding the proposed spin-off and separate listing of 洋 紫荊油墨股份有限公司 (Bauhinia Ink Company Limited) (formerly known as 洋紫荊油

墨(浙江)有限公司 (Bauhinia Variegata Ink & Chemicals (Zhejiang) Limited#)). Capitalised terms used herein shall have the same meanings as defined in the Announcement unless the context requires otherwise.

As disclosed in the Announcement, a circular (the "Circular") containing, among other things, (i) information of the Proposed Spin-off; (ii) the letter of recommendation of the Independent Board Committee to the Independent Shareholders in respect of the Proposed Spin-off; (iii) the letter of advice from Halcyon Capital to the Independent Board Committee

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and the Independent Shareholders in respect of the Proposed Spin-off; (iv) the financial information of the Group; (v) a notice convening the EGM; and (vi) other information as required under the Listing Rules, was expected to be despatched to the Shareholders on or before 11 August 2020. As additional time is required to finalise the information for inclusion in the Circular, the date of despatch of the Circular will be postponed to 17 August 2020.

By order of the Board

Yip's Chemical Holdings Limited

Ip Chi Shing

Chairman

Hong Kong, 11 August 2020

  • In this announcement, the English translation/transliteration of the Chinese name denoted is for illustration purpose only. In the event of any inconsistency, the Chinese name shall prevail.

As at the date of this announcement, the Board comprises the following:

Non-executive Directors:

Executive Directors:

Mr. Ip Chi Shing (Chairman)

Mr. Yip Tsz Hin (Deputy Chairman and

Mr. Wong Yuk

Chief Executive Officer)

Mr. Wong Kong Chi*

Mr. Ip Kwan (Deputy Chief Executive Officer)

Mr. Ho Pak Chuen, Patrick*

Mr. Ho Sai Hou (Chief Financial Officer)

Mr. Ku Yee Dao, Lawrence*

*Independent Non-executive Directors

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Yip's Chemical Holdings Limited published this content on 11 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2020 13:23:03 UTC