April 23, 2021

Cayman Islands: Union Asia announces capital reorganisation and the change in board lot size

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Reference is made to the announcement of Union Asia Enterprise Holdings Limited
(the “Company”) dated 4 July 2016 and 14 July 2016 and the circular of the
Company dated 19 July 2016 (the “Circular”) in relation to, among others, the
Capital Reorganisation and the Change in Board Lot Size. Unless otherwise stated,
capitalized terms used herein shall bear the same meanings as defined in the Circular.

The Company has been informed by its Cayman Islands legal advisers that in
accordance with the Court’s schedule, the expected effective time for the Capital
Reorganisation will not take place on the expected date (i.e. 13 December 2016) as
set out in the section headed “Expected Timetable” in the Circular. There will be a
delay in the expected timetable for the Capital Reorganisation and the Change in
Board Lot Size. The Company will make further announcement(s) in respect of the
revised timetable as and when appropriate.

By order of the Board
Union Asia Enterprise Holdings Limited
Yip Man Yi
Hong Kong, 6 December 2016

As at the date of this announcement, the Board comprises two executive Directors, Ms. Yip Man Yi and Mr. Shiu Chi Tak, Titus, two non-executive Directors, Mr. Liang Tongwei and Mr. Wong Chi Man, and three independent non-executive Directors, Dr. Wan Ho Yuen, Terence, Mr. Li Kwok Chu and Mr. Lau Shu Yan.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are noother matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the page of “Latest Company Announcement” on the GEM website for at least 7 days from the date of its posting and on the website of the Company 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.
This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company

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